Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.071%
Price spread now: Orderly against Bybit+0.054%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.554%−$55 on $10k
+Price spread, last 3 days (all we have)−0.369%−$37 · spread now +0.054%, 7d avg −0.004%
=The price spread pays, funding is against you. Orderly is 0.058% dearer against Bybit than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.004%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.554% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1118 | 0.0100 | pay 0.0050% / 4h | 31m 22s | $16.1M | $15.3M | 75x |
| Short | Orderly PERP_POL_USDC | 0.1119 | 0.0008 | get 0.0004% / 4h | 31m 22s | $11K | $189K | 20x |
Bybit POLUSDT
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$19.37
- Price spread: +0.054% → −0.004%
- $5.78
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$30.6
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.45 bp | 13.3 bp −$13 | 34.0 bp −$340 | 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 | 0.1117 | −0.089% | $204K | $224K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1120 | +0.160% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1119 | +0.053% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1119 | +0.095% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1119 | +0.111% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0008% | 4h | 0.1119 | +0.054% | $11K | $189K | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.626% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1119 | +0.101% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1119 | +0.115% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | +0.072% | $17.2M | $50.3M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) 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 | 0.1118 | long leg | $16.1M | $15.3M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | +0.054% | $5.8M | $11.8M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1119 | +0.054% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | +0.063% | $24.3M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1118 | +0.036% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1119 | +0.116% | $4.1M | $5.5M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1119 | +0.045% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1118 | −0.016% | $660K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1118 | +0.014% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | +0.179% | $198K | $656K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | +0.053% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1117 | −0.056% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1119 | +0.123% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0296% | 1h | 0.1121 | +0.254% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | +0.054% | $911K | $169K | 75x | as long as short |
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
BloFin POL-USDT