Funding you earn now, next payment 02:00 UTC+0.0564%/8h= +61.8% APRpaid last 24h +0.148%
Price spread now: OKX against Coinbase International+0.301%7-day average +0.363% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)+1.997%+$200 · spread now +0.301%, 7d avg +0.363%
=Funding pays, the price is against you. OKX is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.301% now, against its 7-day average of +0.363%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.343% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.343% in total (about 17.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1096 | −0.0464 | get 0.0058% / 1h | 4m 41s | $202K | $198K | 50x |
| Short | OKX POL-USDT-SWAP | 0.1099 | 0.0100 | get 0.0050% / 4h | 1h 04m | $5.7M | $10.0M | 50x |
Coinbase International POL-PERP-INTX
OKX POL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Coinbase International. 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
- $118.44
- Price spread: +0.301% → +0.363%
- −$6.19
- Slippage, 4 orders
- −$63.06
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $29.19
- Costs to cover
- 0.831%
- Break-even
- 5.3 days
Slippage from Coinbase International: live order book, 58 min ago; OKX: live order book, 3 min ago.
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 Coinbase International live order book, 58 min ago | 13.63 bp | 35.6 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.45 bp | 14.5 bp −$15 | 50.1 bp −$501 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTXlong | −0.0464% | 1h | 0.1096 | long leg | $202K | $198K | 50x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1099 | +0.256% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1100 | +0.381% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1099 | +0.303% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.369% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0041% | 4h | 0.1099 | +0.255% | $11K | $270K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1100 | +0.366% | $284K | $565K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1100 | +0.395% | $366K | $264K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1100 | +0.337% | $17.1M | $42.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1099 | +0.283% | $15.8M | $11.7M | 75x | as long as short |
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAPshort | +0.0100% | 4h | 0.1099 | +0.301% | $5.7M | $10.0M | 50x | |
| Gate POL_USDT | +0.0100% | 4h | 0.1098 | +0.201% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1100 | +0.347% | $24.4M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1100 | +0.347% | $2.9M | $972K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1100 | +0.328% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1099 | +0.301% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1098 | +0.195% | $608K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1103 | +0.684% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1104 | +0.730% | $195K | $634K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1099 | +0.311% | $95K | $453K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1098 | +0.137% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1099 | +0.303% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0222% | 1h | 0.1102 | +0.529% | $7.4M | $3.7M | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0261% | 1h | 0.1100 | +0.342% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1099 | +0.292% | $911K | $166K | 75x | as long as short |
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
Kraken Futures PF_POLUSD
BloFin POL-USDT