Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.0895000.0000% / 1h10m 55s$78K$584K50xLong Deribit
SHORT0.08942+0.0100get 0.0050% / 4h1h 10m$253K$33K50xShort Variational Omni+15% pts
Price gap−0.085%58s
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$57+0.0100% /8h now · paid +0.568% over the last 7D
Price—spread −0.085%58s now · prices read too far apart to compare
Costs−$640.644% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.085%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

POL on 27 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size20.1 / 17.3 bp
    At $10k entering Deribit costs 20.1 bp, fee and slippage, 1.2× Variational Omni’s.
  • Note: Margin at max leverage$200 + $200
    Deribit 50x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Deribit: 24 payments, $0.00; short Variational Omni: 6 payments, +$3.00.
  • Watch: Prices read 58 s apart−0.085% vs −0.087%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$78K vs $253K OI
    Deribit sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCDeribit Yes · Variational Omni No
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0271%/8h × 21 periods+$56.82
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$57.38
Fee Deribit bp × 2 orders−$7.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$7.56
price spread not counted: prices read too far apart
Costs to cover0.644%Break-even7.9 days
Slippage: Deribit: live order book, 8 min ago; Variational Omni: RFQ quote, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGDeribit5.5820.1 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.4717.3 bp−$1730.2 bp−$302doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

POL news

posts that mention POL, from every exchangeSearch all news →
09-28 14:42DeribitListing🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗
09-28 13:03DeribitListingnew market POL_USDC-PERPETUAL ($POL) seen by our collector
09-24 09:36PhemexListingnew market POLUSDT ($POL) seen by our collector