Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.082%
Price spread now: Variational Omni against Orderly−0.049%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.358%+$36 on $10k
+Price spread, last 3 days (all we have)+0.537%+$54 · spread now −0.049%, 7d avg −0.016%
=Together, before fees+0.894%+ Points / potential airdropVariational Omni: Active · farm board+$89 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.033% cheaper against Orderly than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.016%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.358% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1121 | −0.0028 | get 0.0014% / 4h | 2h 14m | $11K | $206K | 20x |
| Short | Variational Omni POL | 0.1120 | 0.0100 | get 0.0050% / 4h | 2h 14m | $662K | $211K | — |
Orderly PERP_POL_USDC
Variational Omni POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $26.88
- Price spread: −0.049% → −0.016%
- −$3.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $17.54
- Costs to cover
- 0.060%
- Break-even
- 2.4 days
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 9 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 Variational Omni RFQ quote, 9 min ago | 13.39 bp | doesn't fit | 40.2 bp −$402 | 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 | −0.0080% | 1h | 0.1111 | −0.866% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1122 | +0.110% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDClong | −0.0028% | 4h | 0.1121 | long leg | $11K | $206K | 20x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1121 | −0.016% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1122 | +0.102% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.866% | $3K | $124K | 12x | as long as short |
| dYdX POL-USD | +0.0041% | 1h | 0.1121 | +0.028% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.037% | $311K | $562K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1124 | +0.250% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.048% | $373K | $383K | 20x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
dYdX POL-USD
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 | 0.1121 | +0.026% | $17.1M | $51.8M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1120 | −0.027% | $16.1M | $16.5M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1121 | +0.018% | $5.8M | $12.2M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.027% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | +0.018% | $23.6M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1122 | +0.107% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1122 | +0.080% | $4.2M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1121 | 0.000% | — | $7.2M | — | as long as short |
| Variational Omni POLshort | +0.0100% | 4h | 0.1120 | −0.049% | $662K | $211K | — | |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1122 | +0.100% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1122 | +0.116% | $199K | $663K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | −0.005% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.107% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1122 | +0.074% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1120 | −0.054% | $903K | $169K | 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
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT