POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0283%/8h= −30.9% APRnext payment −$1.41 per $10,000 · paid last 24h −0.040%

Price spread now: Orderly against Bybit+0.018%7-day average −0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.515%−$51 on $10k

Price spread, last 4 days (all we have)−0.602%−$60 · spread now +0.018%, 7d avg −0.006%

Together, before fees−1.116%−$112 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.025% dearer against Bybit than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.006%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1090	0.0100	pay 0.0050% / 4h	1h 56m	$15.7M	$8.6M	75x
Short	Orderly PERP_POL_USDC	0.1091	−0.0183	pay 0.0091% / 4h	1h 56m	$10K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersPrice spread, now +0.018%Rate

Funding earned: −$59.34
Price spread: +0.018% → −0.006%: $2.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$73.87
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now	0.92 bp	13.3 bp −$13	33.9 bp −$339	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 exchanges

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	−0.0624%	1h	0.1090	−0.046%	$198K	$164K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0345%	1h	0.1092	+0.126%	$1.2M	$923K	50x	as long as short
Orderly PERP_POL_USDCshort	−0.0183%	4h	0.1091	+0.018%	$10K	$2.6M	20x
Gate POL_USDT	−0.0140%	4h	0.1091	+0.037%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0066%	4h	0.1092	+0.155%	$1.0M	$2.8M	10x	as long as short
OKX POL-USDT-SWAP	−0.0032%	4h	0.1091	+0.028%	$5.7M	$8.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1090	−0.015%	$2K	—	—	as long as short
Bitget POLUSDT	−0.0002%	4h	0.1091	+0.055%	$4.0M	$3.2M	50x	as long as short
dYdX POL-USD	0.0000%	1h	0.1093	+0.206%	$24K	$9K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1093	+0.185%	$9K	—	150x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDT	+0.0014%	4h	0.1091	+0.018%	$25.1M	$3.1M	125x	as long as short
Binance POLUSDT	+0.0014%	4h	0.1091	+0.009%	$16.6M	$32.1M	75x	as long as short
Extended POL-USD	+0.0016%	1h	0.1090	−0.008%	$92K	$526K	10x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.880%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0052%	1h	0.1092	+0.138%	$154K	$666K	50x	as long as short
BloFin POL-USDT	+0.0059%	4h	0.1091	+0.073%	$895K	$136K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1090	−0.045%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1091	+0.048%	$267K	$478K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1092	+0.183%	$7.4M	$3.5M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	+0.138%	$367K	$168K	20x	as long as short
Bybit POLUSDTlong	+0.0100%	4h	0.1090	long leg	$15.7M	$8.6M	75x
KuCoin POLUSDTM	+0.0100%	4h	0.1092	+0.174%	$2.9M	$747K	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1091	+0.055%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	+0.064%	$603K	$163K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1092	+0.103%	$3K	—	100x	as long as short