Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.032%
Price spread now: Injective against MEXC+0.835%7-day average −0.236% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.292%−$129 on $10k
+Price spread, last 4 days (all we have)−4.058%−$406 · spread now +0.835%, 7d avg −0.236%
=The price spread pays, funding is against you. Injective is 1.071% dearer against MEXC than usual: you sell high and buy low (spread +0.835% now, against its 7-day average of −0.236%): +$107 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 54 days. At the pace of the last 7 days (−1.292% in total) that is about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC POL_USDT | 0.1102 | 0.0100 | pay 0.0050% / 4h | 0m 43s | $24.7M | $3.7M | 125x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 0m 43s | $3K | $124K | 12x |
MEXC POL_USDT
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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: +0.835% → −0.236%
- $107.13
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $93.11
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 3 min ago; Injective: live order book, 13 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 MEXC live order book, 3 min ago | 0.45 bp | 2.9 bp −$3 | 10.0 bp −$100 | 73.7 bp −$7,372 | doesn't fit |
| Sell Injective live order book, 13 min ago | 77.45 bp | doesn't fit | doesn't fit | 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 | −0.0520% | 1h | 0.1100 | −0.163% | $202K | $197K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1102 | +0.004% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | +0.036% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | +0.835% | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0041% | 4h | 0.1101 | −0.036% | $11K | $247K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1102 | +0.019% | $280K | $555K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | +0.004% | $366K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1102 | −0.004% | $17.1M | $41.4M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1101 | −0.054% | $15.8M | $11.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1102 | 0.000% | $5.7M | $10.1M | 50x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.100% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDTlong | +0.0100% | 4h | 0.1102 | long leg | $24.7M | $3.7M | 125x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | +0.036% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | +0.018% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1102 | 0.000% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1102 | −0.004% | $610K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1102 | +0.009% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1102 | +0.018% | $195K | $638K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1101 | −0.029% | $92K | $454K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.163% | $40K | — | 3x | as long as short |
| dYdX POL-USD | +0.0108% | 1h | 0.1102 | −0.009% | $17K | $2K | 5x | as long as short |
| Hyperliquid POL | +0.0119% | 1h | 0.1104 | +0.154% | $7.5M | $3.7M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | +0.032% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0313% | 1h | 0.1102 | +0.025% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1101 | −0.036% | $911K | $169K | 75x | as long as short |
Gate POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
dYdX POL-USD
Hyperliquid POL
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT