Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.051%
Price spread now: Gate against Orderly−0.036%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.495%+$49 on $10k
+Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.036%, 7d avg −0.003%
=Funding pays, the price is against you. Gate is 0.033% cheaper against Orderly than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 31 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.495% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1119 | 0.0015 | pay 0.0007% / 4h | 3h 46m | $11K | $179K | 20x |
| Short | Gate POL_USDT | 0.1118 | 0.0100 | get 0.0050% / 4h | 3h 46m | $1.9M | $1.2M | 75x |
Orderly PERP_POL_USDC
Gate POL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $17.9
- Price spread: −0.036% → −0.003%
- −$3.28
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$6.37
- Costs to cover
- 0.210%
- Break-even
- 9.5 days
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 4.92 bp | 22.3 bp −$22 | 148.5 bp −$1,485 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0240% | 1h | 0.1119 | +0.056% | $1.2M | $1.4M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1115 | −0.340% | $204K | $208K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1118 | −0.029% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1119 | +0.029% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | +0.074% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDClong | +0.0015% | 4h | 0.1119 | long leg | $11K | $179K | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.697% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1119 | +0.057% | $294K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | +0.107% | $372K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | +0.008% | $17.2M | $47.0M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
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 | 0.1118 | −0.107% | $16.1M | $14.0M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1118 | −0.054% | $5.8M | $11.1M | 50x | as long as short |
| Gate POL_USDTshort | +0.0100% | 4h | 0.1118 | −0.036% | $1.9M | $1.2M | 75x | |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | +0.045% | $24.2M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | +0.107% | $3.0M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1119 | +0.045% | $4.2M | $5.0M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1119 | −0.009% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1117 | −0.158% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | −0.002% | $1.1M | $3.0M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | −0.072% | $197K | $644K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | +0.023% | $93K | $482K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | +0.001% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0126% | 1h | 0.1121 | +0.185% | $7.6M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1119 | +0.058% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | +0.009% | $910K | $159K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
MEXC 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
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT