Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.053%
Price spread now: KuCoin against Orderly+0.092%7-day average +0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.583%+$58 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now +0.092%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.022% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1089 | 0.0029 | pay 0.0014% / 4h | 1h 34m | $11K | $1.3M | 20x |
| Short | KuCoin POLUSDTM | 0.1090 | 0.0100 | get 0.0050% / 4h | 1h 34m | $2.9M | $939K | 50x |
Orderly PERP_POL_USDC
KuCoin POLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.99
- Price spread: +0.092% → +0.070%
- $2.18
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$0.82
- Costs to cover
- 0.180%
- Break-even
- 7.4 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 5.50 bp | 30.2 bp −$30 | 130.2 bp −$1,302 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0472% | 1h | 0.1088 | −0.110% | $201K | $203K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0380% | 1h | 0.1090 | +0.078% | $1.1M | $1.0M | 50x | as long as short |
| Gate POL_USDT | −0.0320% | 4h | 0.1089 | −0.018% | $1.8M | $1.3M | 75x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1089 | −0.009% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1090 | +0.083% | $18K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1090 | +0.102% | $12K | — | 150x | as long as short |
| Orderly PERP_POL_USDClong | +0.0029% | 4h | 0.1089 | long leg | $11K | $1.3M | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.001% | $3K | $124K | 12x | as long as short |
| OKX POL-USDT-SWAP | +0.0057% | 4h | 0.1089 | +0.009% | $5.6M | $9.4M | 50x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1090 | +0.045% | $276K | $543K | 8x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
OKX POL-USDT-SWAP
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1091 | +0.193% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1090 | +0.074% | $361K | $240K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1089 | +0.018% | $16.6M | $37.5M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1089 | +0.009% | $15.7M | $10.0M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1090 | +0.037% | $24.6M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTMshort | +0.0100% | 4h | 0.1090 | +0.092% | $2.9M | $939K | 50x | |
| Bitget POLUSDT | +0.0100% | 4h | 0.1090 | +0.073% | $4.0M | $4.1M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1090 | +0.028% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1089 | −0.013% | $602K | $167K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1090 | +0.110% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1091 | +0.165% | $194K | $635K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1089 | −0.005% | $93K | $246K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1088 | −0.097% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1090 | +0.104% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1090 | +0.046% | $895K | $149K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
MEXC POL_USDT
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT