Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.31 per $10,000 · paid last 24h +0.047%
Price spread now: MEXC against Orderly+0.138%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.375%+$38 on $10k
+Price spread, last 4 days (all we have)+0.290%+$29 · spread now +0.138%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.100% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1084 | 0.0037 | pay 0.0019% / 4h | 2h 22m | $11K | $963K | 20x |
| Short | MEXC POL_USDT | 0.1086 | 0.0100 | get 0.0050% / 4h | 2h 22m | $24.4M | $3.2M | 125x |
Orderly PERP_POL_USDC
MEXC POL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $13.19
- Price spread: +0.138% → +0.038%
- $10.01
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $17.2
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; MEXC: 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 MEXC live order book, 1 min ago | 0.46 bp | 4.4 bp −$4 | 12.5 bp −$125 | 79.4 bp −$7,940 | 190.5 bp −$95.2K |
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 | −0.0480% | 1h | 0.1081 | −0.314% | $199K | $200K | 50x | as long as short |
| Gate POL_USDT | −0.0222% | 4h | 0.1084 | −0.028% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1085 | +0.033% | $1.1M | $1.0M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1084 | −0.035% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1085 | +0.100% | $18K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1085 | +0.056% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.453% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDClong | +0.0037% | 4h | 0.1084 | long leg | $11K | $963K | 20x | |
| ApeX Omni POLUSDT | +0.0074% | 1h | 0.1084 | −0.037% | $192K | $628K | 50x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1085 | +0.077% | $276K | $542K | 8x | as long as short |
Coinbase International POL-PERP-INTX
Gate POL_USDT
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
ApeX Omni POLUSDT
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0099% | 4h | 0.1086 | +0.194% | $5.6M | $9.5M | 50x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1087 | +0.231% | $7.3M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1086 | +0.133% | $360K | $240K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1086 | +0.162% | $16.6M | $38.2M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1086 | +0.157% | $15.6M | $10.5M | 75x | as long as short |
| MEXC POL_USDTshort | +0.0100% | 4h | 0.1086 | +0.138% | $24.4M | $3.2M | 125x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1085 | +0.083% | $2.8M | $940K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1086 | +0.157% | $4.0M | $4.2M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1086 | +0.148% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1083 | −0.109% | $600K | $166K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1085 | +0.065% | $1.1M | $2.7M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1086 | +0.112% | $91K | $270K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1083 | −0.129% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1085 | +0.065% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1085 | +0.101% | $893K | $159K | 75x | as long as short |
OKX POL-USDT-SWAP
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT