Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.044%
Price spread now: Orderly against Injective+0.756%58s7-day average +0.252% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.881%+$88 on $10k
+Price spread, last 3 days (all we have)+1.081%+$108 · spread now +0.756%, 7d avg +0.252%
=The price spread pays, funding is against you. Orderly is 0.504% dearer against Injective than usual: you sell high and buy low (spread +0.756% now, against its 7-day average of +0.252%): +$50 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 7 days funding on this pair paid +0.881%, so the current rate has only just turned against you. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective POL/USDC PERP | 0.1111 | 0.0033 | pay 0.0004% / 1h | 25m 37s | $3K | $124K | 12x |
| Short | Orderly PERP_POL_USDC | 0.1119 | 0.0009 | get 0.0004% / 4h | 25m 37s | $11K | $189K | 20x |
Injective POL/USDC PERP
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Injective. 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
- −$5.11
- Price spread: +0.756% → +0.252%
- $50.43
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $39.3
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 8 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 Injective live order book, 8 min ago | 76.20 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1117 | +0.540% | $204K | $224K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1120 | +0.809% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1119 | +0.742% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1120 | +0.815% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | +0.838% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0009% | 4h | 0.1119 | +0.756% | $11K | $189K | 20x | |
| Injective POL/USDC PERPlong | +0.0033% | 1h | 0.1111 | long leg | $3K | $124K | 12x | |
| Lighter POL | +0.0096% | 1h | 0.1119 | +0.736% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | +0.823% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | +0.699% | $17.2M | $50.1M | 75x | as long as short |
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 | 0.1118 | +0.648% | $16.1M | $15.3M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | +0.675% | $5.8M | $11.7M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | +0.810% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | +0.711% | $24.3M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | +0.810% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | +0.819% | $4.2M | $5.4M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1119 | +0.765% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | +0.762% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | +0.873% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | +0.810% | $198K | $654K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | +0.693% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1118 | +0.594% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1120 | +0.831% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0283% | 1h | 0.1121 | +0.891% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1120 | +0.828% | $912K | $169K | 75x | as long as short |
Bybit POLUSDT
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