Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.027%
Price spread now: Bybit against Injective+0.531%48s7-day average +0.230% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.435%+$144 on $10k
+Price spread, last 3 days (all we have)+1.575%+$158 · spread now +0.531%, 7d avg +0.230%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.301% dearer against Injective than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.230%. The two prices were read 48 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 | Injective POL/USDC PERP | 0.1111 | 0.0033 | pay 0.0004% / 1h | 34m 32s | $3K | $124K | 12x |
| Short | Bybit POLUSDT | 0.1117 | 0.0100 | get 0.0050% / 4h | 34m 32s | $16.1M | $15.3M | 75x |
Injective POL/USDC PERP
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $14
- Price spread: +0.531% → +0.230%
- $30.09
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $33.07
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 65 min ago; Bybit: live order book, 4 min ago. 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 Injective live order book, 65 min ago | 75.79 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.45 bp | 12.4 bp −$12 | 32.9 bp −$329 | doesn't fit | doesn't fit |
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 | −0.0128% | 1h | 0.1119 | +0.720% | $205K | $225K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1118 | +0.646% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1117 | +0.561% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1119 | +0.726% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1118 | +0.669% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0007% | 4h | 0.1117 | +0.567% | $11K | $190K | 20x | as long as short |
| Injective POL/USDC PERPlong | +0.0033% | 1h | 0.1111 | long leg | $3K | $124K | 12x | |
| Lighter POL | +0.0096% | 1h | 0.1118 | +0.639% | $298K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1119 | +0.690% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1118 | +0.603% | $17.2M | $50.4M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDTshort | +0.0100% | 4h | 0.1117 | +0.531% | $16.1M | $15.3M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1118 | +0.585% | $5.8M | $11.8M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1118 | +0.594% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1118 | +0.621% | $24.3M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1118 | +0.639% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1117 | +0.576% | $4.1M | $5.5M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1118 | +0.594% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1117 | +0.564% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | +0.694% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1119 | +0.720% | $197K | $655K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1118 | +0.602% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1118 | +0.585% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1118 | +0.651% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0293% | 1h | 0.1120 | +0.774% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1118 | +0.594% | $911K | $168K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT