Funding you earn now, next payment 00:00 UTC−0.0326%/8h= −35.7% APRnext payment −$1.63 per $10,000 · paid last 24h −0.129%
Price spread now: Orderly against BloFin−0.062%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.639%−$64 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.062%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POL-USDT | 0.1120 | 0.0340 | pay 0.0170% / 4h | 5m 13s | $908K | $163K | 75x |
| Short | Orderly PERP_POL_USDC | 0.1120 | 0.0014 | get 0.0007% / 4h | 5m 13s | $11K | $184K | 20x |
BloFin POL-USDT
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.54
- Price spread: −0.062% → −0.017%
- −$4.58
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$91.13
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 7 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 BloFin live order book, 7 min ago | 0.89 bp | 15.9 bp −$16 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| 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 | 0.1118 | −0.205% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.021% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | −0.059% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | +0.014% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0013% | 1h | 0.1120 | −0.014% | $17K | $3K | 5x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0014% | 4h | 0.1120 | −0.062% | $11K | $184K | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.830% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1120 | −0.017% | $300K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | −0.027% | $372K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1120 | −0.036% | $17.2M | $49.6M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1119 | −0.116% | $16.1M | $15.1M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | −0.054% | $5.8M | $11.6M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.018% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1120 | −0.036% | $24.3M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | +0.018% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | −0.036% | $4.1M | $5.3M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1120 | −0.045% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | −0.138% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | +0.033% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | −0.027% | $198K | $649K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1120 | −0.056% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1118 | −0.205% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1120 | +0.011% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0222% | 1h | 0.1122 | +0.132% | $7.6M | $3.9M | 5x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1120 | long leg | $908K | $163K | 75x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL