Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.073%
Price spread now: Orderly against BingX−0.064%7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.616%−$62 on $10k
+Price spread, last 3 days (all we have)−0.211%−$21 · spread now −0.064%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.040% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POL-USDT | 0.1102 | 0.0100 | pay 0.0050% / 4h | 2h 19m | — | $7.2M | — |
| Short | Orderly PERP_POL_USDC | 0.1101 | 0.0040 | get 0.0020% / 4h | 2h 19m | $11K | $323K | 20x |
BingX POL-USDT
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BingX. 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
- −$12.69
- Price spread: −0.064% → −0.024%
- −$3.97
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$32.67
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago | 2.27 bp | 12.8 bp −$13 | 28.4 bp −$284 | 103.2 bp −$10.3K | 496.4 bp −$248.2K |
| 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 24 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 | −0.0312% | 1h | 0.1101 | −0.054% | $203K | $204K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | −0.069% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1103 | +0.104% | $17K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | +0.014% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.853% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0040% | 4h | 0.1101 | −0.064% | $11K | $323K | 20x | |
| Lighter POL | +0.0096% | 1h | 0.1102 | +0.054% | $285K | $576K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1103 | +0.134% | $367K | $276K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1102 | +0.036% | $17.1M | $43.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1101 | −0.018% | $15.9M | $12.3M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1102 | +0.045% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.018% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1102 | +0.064% | $23.8M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | 0.000% | $2.9M | $999K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | +0.045% | $4.2M | $4.9M | 50x | as long as short |
| BingX POL-USDTlong | +0.0100% | 4h | 0.1102 | long leg | — | $7.2M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1102 | +0.027% | $610K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1104 | +0.213% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1103 | +0.127% | $195K | $637K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1102 | +0.045% | $95K | $446K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.161% | $40K | — | 3x | as long as short |
| Kraken Futures PF_POLUSD | +0.0117% | 1h | 0.1102 | +0.025% | $1.2M | $1.2M | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1101 | −0.021% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0228% | 1h | 0.1104 | +0.218% | $7.4M | $3.8M | 5x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Kraken Futures PF_POLUSD
GMX POL/USD [ETH-USDC]
Hyperliquid POL