Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%
Price spread now: Extended against Bybit+0.051%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.051%, 7d avg +0.005%
=Together, before fees−0.233%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.046% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1122 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $16.2M | $13.4M | 75x |
| Short | Extended POL-USD | 0.1122 | 0.0104 | get 0.0013% / 1h | 42m 27s | $93K | $536K | 10x |
Bybit POLUSDT
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $0.84
- Price spread: +0.051% → +0.005%
- $4.61
- Slippage, 4 orders
- −$46.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$57.33
- Costs to cover
- 0.628%
- Break-even
- 484.8 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 30 min ago.
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 Bybit live order book, 1 min ago | 1.78 bp | 15.4 bp −$15 | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell Extended live order book, 30 min ago | 1.56 bp | 16.2 bp −$16 | 165.4 bp −$1,654 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0239% | 1h | 0.1123 | +0.110% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1115 | −0.597% | $204K | $200K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1122 | +0.038% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1121 | −0.087% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1123 | +0.087% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0015% | 4h | 0.1122 | +0.036% | $11K | $175K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.954% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1123 | +0.071% | $294K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | +0.030% | $373K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1122 | +0.071% | $17.3M | $45.7M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
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 POLUSDTlong | +0.0100% | 4h | 0.1122 | long leg | $16.2M | $13.4M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1122 | +0.036% | $5.8M | $10.9M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1121 | −0.027% | $1.9M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1123 | +0.089% | $24.3M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1122 | +0.018% | $3.0M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1123 | +0.071% | $4.2M | $4.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1122 | +0.036% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1118 | −0.296% | $619K | $225K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | −0.228% | $1.1M | $3.0M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | −0.330% | $197K | $643K | 50x | as long as short |
| Extended POL-USDshort | +0.0104% | 1h | 0.1122 | +0.051% | $93K | $536K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1122 | +0.027% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0138% | 1h | 0.1124 | +0.227% | $7.6M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1123 | +0.088% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | −0.276% | $909K | $159K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT