Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.082%
Price spread now: BingX against Orderly−0.009%7-day average +0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.634%+$63 on $10k
+Price spread, last 3 days (all we have)+0.656%+$66 · spread now −0.009%, 7d avg +0.026%
=Funding pays, the price is against you. BingX is 0.035% cheaper against Orderly than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.026%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.634% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1125 | −0.0016 | get 0.0008% / 4h | 1h 17m | $11K | $199K | 20x |
| Short | BingX POL-USDT | 0.1125 | 0.0100 | get 0.0050% / 4h | 1h 17m | — | $7.2M | — |
Orderly PERP_POL_USDC
BingX POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Orderly. 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
- $24.29
- Price spread: −0.009% → +0.026%
- −$3.46
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $4.83
- Costs to cover
- 0.160%
- Break-even
- 5.6 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 10 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 10 min ago | 1.78 bp | 12.1 bp −$12 | 23.5 bp −$235 | 85.2 bp −$8,518 | 487.6 bp −$243.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.262% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1126 | +0.071% | $206K | $237K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1127 | +0.133% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDClong | −0.0016% | 4h | 0.1125 | long leg | $11K | $199K | 20x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1125 | −0.006% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1126 | +0.052% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1127 | +0.147% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1126 | +0.068% | $300K | $577K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1126 | +0.088% | $377K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1125 | +0.027% | $17.4M | $51.5M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
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 | 0.1125 | −0.044% | $16.2M | $15.7M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1125 | +0.018% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1126 | +0.089% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1126 | +0.036% | $23.8M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1126 | +0.098% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1126 | +0.071% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDTshort | +0.0100% | 4h | 0.1125 | −0.009% | — | $7.2M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1126 | +0.027% | $665K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | +0.055% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1127 | +0.160% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1125 | +0.007% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1124 | −0.107% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1126 | +0.063% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0218% | 1h | 0.1128 | +0.253% | $7.6M | $4.6M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1127 | +0.151% | $917K | $170K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
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