Funding you earn now, next payment 12:00 UTC+0.0255%/8h= +27.9% APRnext payment +$1.28 per $10,000 · paid last 24h +0.109%
Price spread now: BloFin against Orderly+0.100%7-day average +0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.644%+$64 on $10k
+Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.100%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.084% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1096 | −0.0094 | get 0.0047% / 4h | 3h 39m | $11K | $2.2M | 20x |
| Short | BloFin POL-USDT | 0.1097 | 0.0161 | get 0.0081% / 4h | 3h 39m | $897K | $146K | 75x |
Orderly PERP_POL_USDC
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $53.58
- Price spread: +0.100% → +0.017%
- $8.37
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $43.95
- Costs to cover
- 0.180%
- Break-even
- 1.3 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 38 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 BloFin live order book, 38 min ago | 1.38 bp | 14.8 bp −$15 | 25.1 bp −$251 | 78.1 bp −$7,810 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0600% | 1h | 0.1094 | −0.173% | $200K | $180K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0474% | 1h | 0.1096 | +0.033% | $1.2M | $973K | 50x | as long as short |
| Bybit POLUSDT | −0.0152% | 4h | 0.1095 | −0.064% | $15.7M | $9.5M | 75x | as long as short |
| Orderly PERP_POL_USDClong | −0.0094% | 4h | 0.1096 | long leg | $11K | $2.2M | 20x | |
| ApeX Omni POLUSDT | −0.0072% | 1h | 0.1096 | +0.009% | $169K | $654K | 50x | as long as short |
| OKX POL-USDT-SWAP | −0.0071% | 4h | 0.1095 | −0.046% | $5.7M | $9.3M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1096 | −0.032% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1098 | +0.156% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1097 | +0.113% | $9K | — | 150x | as long as short |
| Gate POL_USDT | +0.0006% | 4h | 0.1096 | +0.046% | $1.8M | $1.2M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Bybit POLUSDT
ApeX Omni POLUSDT
OKX POL-USDT-SWAP
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Gate POL_USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT POL_USDT_Perp | +0.0016% | 4h | 0.1097 | +0.072% | $1.1M | $2.9M | 10x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.378% | $3K | $124K | 12x | as long as short |
| Extended POL-USD | +0.0040% | 1h | 0.1095 | −0.052% | $91K | $521K | 10x | as long as short |
| Binance POLUSDT | +0.0040% | 4h | 0.1095 | −0.069% | $16.7M | $35.7M | 75x | as long as short |
| MEXC POL_USDT | +0.0042% | 4h | 0.1095 | −0.036% | $25.2M | $3.4M | 125x | as long as short |
| Aevo POL-PERP | +0.0088% | 1h | 0.1097 | +0.096% | $40K | — | 3x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1096 | +0.011% | $274K | $539K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1097 | +0.102% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1096 | +0.046% | $363K | $167K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1097 | +0.073% | $2.8M | $871K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1095 | −0.064% | $4.0M | $3.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1095 | −0.055% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1096 | −0.021% | $606K | $166K | — | as long as short |
| BloFin POL-USDTshort | +0.0161% | 4h | 0.1097 | +0.100% | $897K | $146K | 75x | |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1097 | +0.105% | $3K | — | 100x | as long as short |
GRVT POL_USDT_Perp
Injective POL/USDC PERP
Extended POL-USD
Binance POLUSDT
MEXC POL_USDT
Aevo POL-PERP
Lighter POL
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GMX POL/USD [ETH-USDC]