Funding you earn now, next payment 21:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.109%
Price spread now: Orderly against Coinbase International+0.207%7-day average +0.353% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 3 days (all we have)+0.908%+$91 · spread now +0.207%, 7d avg +0.353%
=Funding pays, the price is against you. Orderly is 0.146% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.207% now, against its 7-day average of +0.353%). If the spread goes back, that is −$15 on $10k: about 12 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1111 | −0.0080 | get 0.0010% / 1h | 38m 33s | $202K | $254K | 50x |
| Short | Orderly PERP_POL_USDC | 0.1113 | −0.0039 | pay 0.0019% / 4h | 2h 38m | $11K | $209K | 20x |
Coinbase International POL-PERP-INTX
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Coinbase International. 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
- $8.66
- Price spread: +0.207% → +0.353%
- −$14.59
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$21.93
- Costs to cover
- 0.160%
- Break-even
- 24.7 days
Slippage unknown: Coinbase International: live order book, 49 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 Coinbase International live order book, 49 min ago | 8.94 bp | 13.9 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni POLUSDT | −0.0154% | 1h | 0.1113 | +0.180% | $197K | $661K | 50x | as long as short |
| Coinbase International POL-PERP-INTXlong | −0.0080% | 1h | 0.1111 | long leg | $202K | $254K | 50x | |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1113 | +0.149% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDCshort | −0.0039% | 4h | 0.1113 | +0.207% | $11K | $209K | 20x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1113 | +0.180% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1114 | +0.286% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1112 | +0.112% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | 0.000% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0064% | 4h | 0.1112 | +0.063% | $1.1M | $3.5M | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.0096% | 4h | 0.1113 | +0.198% | $5.8M | $12.1M | 50x | as long as short |
ApeX Omni POLUSDT
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
GRVT POL_USDT_Perp
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter POL | +0.0096% | 1h | 0.1113 | +0.198% | $311K | $559K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1115 | +0.387% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1113 | +0.200% | $370K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1113 | +0.207% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1113 | +0.144% | $16.0M | $16.5M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1112 | +0.090% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1113 | +0.207% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1113 | +0.144% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1113 | +0.207% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1113 | +0.189% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1111 | +0.028% | $657K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1113 | +0.193% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1112 | +0.090% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1114 | +0.273% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1113 | +0.153% | $903K | $167K | 75x | as long as short |
Lighter POL
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT