Funding you earn now, next payment 23:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.025%
Price spread now: Injective against Bybit−1.280%7-day average −0.218% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.433%−$143 on $10k
+Price spread, last 3 days (all we have)−1.164%−$116 · spread now −1.280%, 7d avg −0.218%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.062% cheaper against Bybit than usual: you would sell low and buy high (−$106 if the spread goes back to its 7-day average of −0.218%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1125 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $16.2M | $15.7M | 75x |
| Short | Injective POL/USDC PERP | 0.1111 | −0.0162 | pay 0.0020% / 1h | 18m 37s | $3K | $124K | 12x |
Bybit POLUSDT
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$55.1
- Price spread: −1.280% → −0.218%
- −$106.17
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$172.29
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Injective: live order book, 20 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 Bybit live order book, 5 min ago | 0.44 bp | 13.3 bp −$13 | 36.9 bp −$369 | doesn't fit | doesn't fit |
| Sell Injective live order book, 20 min ago | 75.79 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 PERPshort | −0.0162% | 1h | 0.1111 | −1.280% | $3K | $124K | 12x | |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1126 | +0.053% | $206K | $237K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1126 | +0.073% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0016% | 4h | 0.1126 | +0.018% | $11K | $199K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1126 | +0.058% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1127 | +0.143% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1127 | +0.129% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1126 | +0.076% | $306K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1126 | +0.071% | $376K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1126 | +0.027% | $17.4M | $51.6M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX 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 POLUSDTlong | +0.0100% | 4h | 0.1125 | long leg | $16.2M | $15.7M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1126 | +0.018% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1126 | +0.071% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1126 | +0.044% | $23.8M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1126 | +0.089% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1126 | +0.053% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1126 | +0.027% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1126 | +0.010% | $665K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | +0.027% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1127 | +0.142% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1125 | +0.007% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1124 | −0.080% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1127 | +0.128% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0213% | 1h | 0.1128 | +0.249% | $7.6M | $4.6M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1127 | +0.133% | $917K | $170K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT