Funding you earn now, next payment 00:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.62 per $10,000 · paid last 24h −0.082%
Price spread now: Orderly against Variational Omni+0.381%7-day average +0.016% · you sell dearer than you buy
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)−0.868%−$87 · spread now +0.381%, 7d avg +0.016%
=Together, before fees−1.226%+ Points / potential airdropVariational Omni: Active · farm board−$123 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.365% dearer against Variational Omni than usual: you sell high and buy low (spread +0.381% now, against its 7-day average of +0.016%): +$37 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.7 days. At the pace of the last 3 days (−0.358% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni POL | 0.1116 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $660K | $211K | — |
| Short | Orderly PERP_POL_USDC | 0.1121 | −0.0025 | pay 0.0012% / 4h | 1h 55m | $11K | $204K | 20x |
Variational Omni POL
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Variational Omni. 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
- −$26.23
- Price spread: +0.381% → +0.016%
- $36.5
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $4.27
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 28 min ago; Orderly: no order-book sample. 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 Variational Omni RFQ quote, 28 min ago | 13.39 bp | doesn't fit | 40.2 bp −$402 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −0.479% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −0.479% | $202K | $253K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1122 | +0.481% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDCshort | −0.0025% | 4h | 0.1121 | +0.381% | $11K | $204K | 20x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | +0.365% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1121 | +0.399% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1121 | +0.434% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.407% | $311K | $558K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.390% | $373K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1121 | +0.390% | $17.1M | $51.5M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
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 | 0.1120 | +0.345% | $16.1M | $16.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | +0.363% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | +0.327% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | +0.381% | $23.7M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | +0.372% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1121 | +0.390% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1120 | +0.372% | — | $1.6M | — | as long as short |
| Variational Omni POLlong | +0.0100% | 4h | 0.1116 | long leg | $660K | $211K | — | |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | +0.067% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | +0.148% | $198K | $662K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | +0.389% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | +0.244% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1121 | +0.442% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0215% | 1h | 0.1123 | +0.593% | $7.6M | $4.6M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1118 | +0.139% | $906K | $168K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT