Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.063%
Price spread now: BloFin against OKX−0.198%63s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.515% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.198%, 7d avg +0.002%
=Funding pays, the price is against you. BloFin is 0.200% cheaper against OKX than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of +0.002%). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day). The two prices were read 63 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 | OKX POL-USDT-SWAP | 0.1111 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $5.7M | $10.5M | 50x |
| Short | BloFin POL-USDT | 0.1109 | 0.0340 | get 0.0170% / 4h | 2h 50m | $911K | $155K | 75x |
OKX POL-USDT-SWAP
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $50.4
- Price spread: −0.198% → +0.002%
- −$20.05
- Slippage, 4 orders
- −$29.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.2
- Costs to cover
- 0.515%
- Break-even
- 9.9 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 17 min ago.
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 OKX live order book, 3 min ago | 1.35 bp | 12.6 bp −$13 | 58.8 bp −$588 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 0.89 bp | 8.8 bp −$9 | 14.0 bp −$140 | 51.0 bp −$5,102 | 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 | −0.0312% | 1h | 0.1103 | −0.729% | $203K | $202K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1110 | −0.076% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1110 | −0.078% | $17K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1111 | −0.005% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.009% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0034% | 4h | 0.1111 | −0.036% | $11K | $202K | 20x | as long as short |
| ApeX Omni POLUSDT | +0.0050% | 1h | 0.1108 | −0.279% | $196K | $643K | 50x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1111 | +0.021% | $287K | $575K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1110 | −0.055% | $369K | $275K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1111 | −0.006% | $17.1M | $44.0M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
ApeX Omni POLUSDT
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 | 0.1110 | −0.063% | $16.0M | $12.7M | 75x | as long as short |
| OKX POL-USDT-SWAPlong | +0.0100% | 4h | 0.1111 | long leg | $5.7M | $10.5M | 50x | |
| Gate POL_USDT | +0.0100% | 4h | 0.1111 | −0.027% | $1.8M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1111 | 0.000% | $24.0M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1111 | −0.027% | $2.9M | $986K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1111 | −0.009% | $4.1M | $4.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1111 | −0.045% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1108 | −0.308% | $614K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1108 | −0.278% | $1.1M | $2.8M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1111 | −0.026% | $92K | $447K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1110 | −0.122% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0108% | 1h | 0.1113 | +0.189% | $7.5M | $3.9M | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0116% | 1h | 0.1112 | +0.068% | $1.2M | $1.3M | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1111 | +0.007% | $3K | — | 100x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1109 | −0.198% | $911K | $155K | 75x |
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
Kraken Futures PF_POLUSD
GMX POL/USD [ETH-USDC]