POL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.54 per $10,000 · paid last 24h −0.082%

Price spread now: Orderly against BingX0.000%7-day average −0.026% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.634%−$63 on $10k

Price spread, last 3 days (all we have)−0.647%−$65 · spread now 0.000%, 7d avg −0.026%

Together, before fees−1.282%−$128 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.026% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.026%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.634% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDT	0.1125	0.0100	pay 0.0050% / 4h	59m 16s	—	$7.2M	—
Short	Orderly PERP_POL_USDC	0.1125	−0.0007	pay 0.0004% / 4h	59m 16s	$11K	$195K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: −$22.47
Price spread: 0.000% → −0.026%: $2.57
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 4 min ago	2.22 bp	12.4 bp −$12	28.0 bp −$280	105.0 bp −$10.5K	444.5 bp −$222.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	−0.258%	$205K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1126	+0.093%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDCshort	−0.0007%	4h	0.1125	0.000%	$11K	$195K	20x
Reya POLRUSDPERP	−0.0006%	1h	0.1125	−0.025%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1125	+0.053%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0024%	1h	0.1125	+0.009%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.236%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1125	+0.044%	$300K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1125	+0.024%	$374K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1125	+0.009%	$17.4M	$50.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1124	−0.071%	$16.2M	$15.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	−0.009%	$5.8M	$11.9M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1125	+0.018%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1125	+0.018%	$24.2M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1125	+0.009%	$2.8M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	+0.071%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1125	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1123	−0.151%	$664K	$189K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.058%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1124	−0.080%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1125	−0.030%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1123	−0.134%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1125	+0.044%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0332%	1h	0.1127	+0.204%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1125	+0.018%	$914K	$169K	75x	as long as short