Funding you earn now, next payment 01:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.060%
Price spread now: Orderly against Extended+0.092%7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.383%−$38 on $10k
+Price spread, last 3 days (all we have)−0.351%−$35 · spread now +0.092%, 7d avg −0.010%
=Together, before fees−0.734%+ Points / potential airdropExtended: Active · farm board−$73 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.103% dearer against Extended than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.010%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.383% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POL-USD | 0.1121 | 0.0104 | pay 0.0013% / 1h | 41m 30s | $94K | $545K | 10x |
| Short | Orderly PERP_POL_USDC | 0.1122 | 0.0017 | get 0.0008% / 4h | 3h 41m | $11K | $174K | 20x |
Extended POL-USD
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$18.3
- Price spread: +0.092% → −0.010%
- $10.25
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$19.04
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 31 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 Extended live order book, 31 min ago | 1.56 bp | 15.9 bp −$16 | 209.6 bp −$2,096 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0239% | 1h | 0.1123 | +0.209% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1115 | −0.532% | $204K | $200K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1122 | +0.068% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1123 | +0.140% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0017% | 4h | 0.1122 | +0.092% | $11K | $174K | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.889% | $3K | $124K | 12x | as long as short |
| dYdX POL-USD | +0.0045% | 1h | 0.1123 | +0.216% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1122 | +0.078% | $294K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | +0.112% | $373K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1122 | +0.082% | $17.3M | $45.7M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
dYdX POL-USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1122 | +0.074% | $16.2M | $13.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1121 | +0.030% | $5.8M | $10.9M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1122 | +0.065% | $1.9M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1122 | +0.083% | $24.3M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | +0.137% | $3.0M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1123 | +0.154% | $4.2M | $4.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1122 | +0.128% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1118 | −0.231% | $619K | $225K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1122 | +0.109% | $1.1M | $3.0M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | −0.265% | $197K | $643K | 50x | as long as short |
| Extended POL-USDlong | +0.0104% | 1h | 0.1121 | long leg | $94K | $545K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1121 | +0.047% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0135% | 1h | 0.1124 | +0.273% | $7.6M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1122 | +0.112% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | −0.211% | $909K | $159K | 75x | as long as short |
Bybit POLUSDT
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
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT