Funding you earn now, next payment 09:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.140%
Price spread now: Orderly against dYdX−0.092%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.092% cheaper against dYdX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX POL-USD | 0.1098 | 0 | get 0.0000% / 1h | 39m 25s | $19K | $3K | 5x |
| Short | Orderly PERP_POL_USDC | 0.1097 | −0.0093 | pay 0.0047% / 4h | 3h 39m | $11K | $2.2M | 20x |
dYdX POL-USD
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against dYdX. 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
- −$19.63
- Price spread: −0.092% → 0.000%
- −$9.23
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$44.86
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
dYdX and 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 | −0.0600% | 1h | 0.1094 | −0.329% | $200K | $180K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0473% | 1h | 0.1098 | −0.007% | $1.2M | $973K | 50x | as long as short |
| Bybit POLUSDT | −0.0152% | 4h | 0.1096 | −0.111% | $15.8M | $9.5M | 75x | as long as short |
| Orderly PERP_POL_USDCshort | −0.0093% | 4h | 0.1097 | −0.092% | $11K | $2.2M | 20x | |
| ApeX Omni POLUSDT | −0.0072% | 1h | 0.1096 | −0.147% | $169K | $654K | 50x | as long as short |
| OKX POL-USDT-SWAP | −0.0065% | 4h | 0.1096 | −0.111% | $5.7M | $9.3M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1096 | −0.188% | $3K | — | — | as long as short |
| dYdX POL-USDlong | 0.0000% | 1h | 0.1098 | long leg | $19K | $3K | 5x | |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1097 | −0.043% | $9K | — | 150x | as long as short |
| Gate POL_USDT | +0.0006% | 4h | 0.1096 | −0.138% | $1.8M | $1.2M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Bybit POLUSDT
ApeX Omni POLUSDT
OKX POL-USDT-SWAP
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Gate POL_USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT POL_USDT_Perp | +0.0016% | 4h | 0.1097 | −0.084% | $1.1M | $2.9M | 10x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.220% | $3K | $124K | 12x | as long as short |
| Extended POL-USD | +0.0040% | 1h | 0.1097 | −0.092% | $91K | $521K | 10x | as long as short |
| Binance POLUSDT | +0.0040% | 4h | 0.1097 | −0.033% | $16.7M | $35.7M | 75x | as long as short |
| MEXC POL_USDT | +0.0042% | 4h | 0.1097 | −0.092% | $25.2M | $3.4M | 125x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1097 | −0.054% | $274K | $539K | 8x | as long as short |
| Aevo POL-PERP | +0.0096% | 1h | 0.1095 | −0.221% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1098 | +0.017% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1097 | −0.015% | $363K | $167K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1097 | −0.074% | $2.9M | $871K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1097 | −0.074% | $4.0M | $3.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1096 | −0.120% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1096 | −0.177% | $606K | $166K | — | as long as short |
| BloFin POL-USDT | +0.0172% | 4h | 0.1096 | −0.129% | $896K | $146K | 75x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1098 | +0.045% | $3K | — | 100x | as long as short |
GRVT POL_USDT_Perp
Injective POL/USDC PERP
Extended POL-USD
Binance POLUSDT
MEXC POL_USDT
Lighter POL
Aevo POL-PERP
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
BloFin POL-USDT
GMX POL/USD [ETH-USDC]