Funding you earn now, next payment 04:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.35 per $10,000 · paid last 24h +0.053%
Price spread now: GRVT against Orderly+0.172%70s7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.357%+$36 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.172%, 7d avg +0.020%
=Together, before fees+0.370%+ Points / potential airdropGRVT: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.152% dearer against Orderly than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 70 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 | Orderly PERP_POL_USDC | 0.1104 | 0.0031 | pay 0.0015% / 4h | 2h 53m | $11K | $182K | 20x |
| Short | GRVT POL_USDT_Perp | 0.1106 | 0.0100 | get 0.0050% / 4h | 2h 53m | $1.1M | $2.8M | 10x |
Orderly PERP_POL_USDC
GRVT POL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $14.52
- Price spread: +0.172% → +0.020%
- $15.18
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $14.7
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 1.80 bp | 37.0 bp −$37 | 57.1 bp −$571 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni POLUSDT | −0.0849% | 1h | 0.1109 | +0.417% | $196K | $644K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0312% | 1h | 0.1105 | +0.054% | $203K | $203K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1104 | −0.063% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1107 | +0.219% | $17K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1105 | +0.033% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDClong | +0.0031% | 4h | 0.1104 | long leg | $11K | $182K | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.598% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1106 | +0.174% | $286K | $575K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1108 | +0.317% | $7.5M | $3.9M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1106 | +0.184% | $368K | $274K | 20x | as long as short |
ApeX Omni POLUSDT
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Lighter POL
Hyperliquid POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance POLUSDT | +0.0100% | 4h | 0.1107 | +0.235% | $17.0M | $44.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1106 | +0.136% | $15.9M | $12.7M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1106 | +0.154% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1104 | −0.009% | $1.8M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1106 | +0.181% | $23.9M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1105 | +0.081% | $2.9M | $986K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1106 | +0.163% | $4.1M | $4.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1106 | +0.181% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1104 | −0.034% | $611K | $224K | — | as long as short |
| GRVT POL_USDT_Perpshort | +0.0100% | 4h | 0.1106 | +0.172% | $1.1M | $2.8M | 10x | |
| Extended POL-USD | +0.0104% | 1h | 0.1106 | +0.104% | $92K | $447K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1105 | +0.009% | $40K | — | 3x | as long as short |
| Kraken Futures PF_POLUSD | +0.0116% | 1h | 0.1106 | +0.134% | $1.2M | $1.3M | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1105 | +0.010% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1106 | +0.109% | $905K | $155K | 75x | as long as short |
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
Kraken Futures PF_POLUSD
GMX POL/USD [ETH-USDC]
BloFin POL-USDT