Funding you earn now, next payment 12:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.55 per $10,000 · paid last 24h −0.043%
Price spread now: Orderly against GRVT+0.007%50s7-day average −0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 4 days (all we have)−0.491%−$49 · spread now +0.007%, 7d avg −0.028%
=Together, before fees−0.832%+ Points / potential airdropGRVT: Active · farm board−$83 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.036% dearer against GRVT than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.028%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT POL_USDT_Perp | 0.1078 | −0.0082 | get 0.0041% / 4h | 1h 31m | $1.0M | $2.7M | 10x |
| Short | Orderly PERP_POL_USDC | 0.1078 | −0.0192 | pay 0.0096% / 4h | 1h 31m | $10K | $2.6M | 20x |
GRVT POL_USDT_Perp
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against GRVT. 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
- −$23.2
- Price spread: +0.007% → −0.028%
- $3.58
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$34.61
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 1.85 bp | 23.8 bp −$24 | 65.0 bp −$650 | 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 exchanges
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 | −0.0624% | 1h | 0.1076 | −0.178% | $195K | $164K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0349% | 1h | 0.1079 | +0.068% | $1.1M | $959K | 50x | as long as short |
| Orderly PERP_POL_USDCshort | −0.0192% | 4h | 0.1078 | +0.007% | $10K | $2.6M | 20x | |
| Gate POL_USDT | −0.0124% | 4h | 0.1078 | +0.017% | $1.8M | $1.0M | 75x | as long as short |
| GRVT POL_USDT_Perplong | −0.0082% | 4h | 0.1078 | long leg | $1.0M | $2.7M | 10x | |
| Bitget POLUSDT | −0.0012% | 4h | 0.1079 | +0.063% | $3.9M | $3.2M | 50x | as long as short |
| OKX POL-USDT-SWAP | −0.0012% | 4h | 0.1079 | +0.082% | $5.6M | $8.2M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1078 | −0.005% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1079 | +0.084% | $23K | $9K | 5x | as long as short |
| Extended POL-USD | 0.0000% | 1h | 0.1078 | +0.004% | $90K | $528K | 10x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
Bitget POLUSDT
OKX POL-USDT-SWAP
Reya POLRUSDPERP
dYdX POL-USD
Extended POL-USDShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC POL_USDT | +0.0002% | 4h | 0.1078 | +0.035% | $24.8M | $3.2M | 125x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1079 | +0.134% | $8K | — | 150x | as long as short |
| Binance POLUSDT | +0.0004% | 4h | 0.1078 | +0.045% | $16.4M | $31.8M | 75x | as long as short |
| BloFin POL-USDT | +0.0015% | 4h | 0.1077 | −0.076% | $889K | $134K | 75x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +3.069% | $3K | $124K | 12x | as long as short |
| Bybit POLUSDT | +0.0055% | 4h | 0.1078 | −0.011% | $15.3M | $8.8M | 75x | as long as short |
| Aevo POL-PERP | +0.0080% | 1h | 0.1076 | −0.150% | $39K | — | 3x | as long as short |
| Aster POLUSDT | +0.0080% | 4h | 0.1080 | +0.161% | $363K | $164K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1078 | +0.035% | $263K | $486K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1080 | +0.184% | $7.3M | $3.5M | 5x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1080 | +0.184% | $3.1M | $790K | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1078 | +0.017% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1080 | +0.149% | $598K | $161K | — | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1081 | +0.286% | $153K | $662K | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0202% / S −0.0373% | 1h | 0.1080 | +0.196% | $3K | — | 100x | as long as short |
MEXC POL_USDT
gTrade (Gains Network) POL/USD
Binance POLUSDT
BloFin POL-USDT
Injective POL/USDC PERP
Bybit POLUSDT
Aevo POL-PERP
Aster POLUSDT
Lighter POL
Hyperliquid POL
KuCoin POLUSDTM
BingX POL-USDC
Variational Omni POL
ApeX Omni POLUSDT
GMX POL/USD [ETH-USDC]