Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: OKX against Bybit+0.053%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 7 days+0.004%$0 · spread now +0.053%, 7d avg +0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.035% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1127 | 0.0100 | pay 0.0050% / 4h | 55m 20s | $16.3M | $15.5M | 75x |
| Short | OKX POL-USDT-SWAP | 0.1127 | 0.0100 | get 0.0050% / 4h | 55m 20s | $5.8M | $12.0M | 50x |
Bybit POLUSDT
OKX POL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- Price spread: +0.053% → +0.018%
- $3.49
- Slippage, 4 orders
- −$31.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$49.47
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 1.33 bp | 15.6 bp −$16 | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.89 bp | 11.5 bp −$12 | 51.5 bp −$515 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1122 | −0.408% | $205K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1128 | +0.111% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1127 | +0.065% | $3K | — | — | as long as short |
| Orderly PERP_POL_USDC | −0.0004% | 4h | 0.1128 | +0.080% | $11K | $194K | 20x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1128 | +0.111% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0013% | 1h | 0.1127 | +0.047% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −1.385% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1128 | +0.097% | $301K | $571K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1127 | +0.068% | $375K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1127 | +0.074% | $17.4M | $50.7M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
Orderly PERP_POL_USDC
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 POLUSDTlong | +0.0100% | 4h | 0.1127 | long leg | $16.3M | $15.5M | 75x | |
| OKX POL-USDT-SWAPshort | +0.0100% | 4h | 0.1127 | +0.053% | $5.8M | $12.0M | 50x | |
| Gate POL_USDT | +0.0100% | 4h | 0.1127 | +0.027% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1128 | +0.089% | $24.2M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1128 | +0.080% | $2.8M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1128 | +0.080% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1128 | +0.080% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1126 | −0.089% | $665K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1127 | +0.062% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1127 | +0.036% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1127 | +0.050% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1126 | −0.072% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1128 | +0.114% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1128 | +0.080% | $913K | $170K | 75x | as long as short |
| Hyperliquid POL | +0.0385% | 1h | 0.1130 | +0.284% | $7.7M | $4.0M | 5x | as long as short |
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]
BloFin POL-USDT
Hyperliquid POL