Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h +0.006%
Price spread now: Reya against Injective−1.708%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 1.708% cheaper against Injective than usual: you would sell low and buy high (−$171 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | 48m 24s | $3K | $124K | 12x |
| Short | Reya POLRUSDPERP | 0.1092 | −0.0006 | pay 0.0001% / 1h | 48m 24s | $2K | — | — |
Injective POL/USDC PERP
Reya POLRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$8.3
- Price spread: −1.708% → 0.000%
- −$170.76
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$185.08
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 16 min ago; Reya: 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, 16 min ago | 77.80 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.0472% | 1h | 0.1092 | −1.710% | $202K | $203K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0380% | 1h | 0.1092 | −1.672% | $1.2M | $1.0M | 50x | as long as short |
| Gate POL_USDT | −0.0264% | 4h | 0.1092 | −1.710% | $1.8M | $1.3M | 75x | as long as short |
| Reya POLRUSDPERPshort | −0.0006% | 1h | 0.1092 | −1.708% | $2K | — | — | |
| dYdX POL-USD | 0.0000% | 1h | 0.1094 | −1.538% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1093 | −1.641% | $12K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0031% | 4h | 0.1092 | −1.719% | $11K | $1.1M | 20x | as long as short |
| Injective POL/USDC PERPlong | +0.0033% | 1h | 0.1111 | long leg | $3K | $124K | 12x | |
| OKX POL-USDT-SWAP | +0.0086% | 4h | 0.1092 | −1.692% | $5.7M | $9.5M | 50x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1093 | −1.619% | $276K | $542K | 8x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
OKX POL-USDT-SWAP
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1094 | −1.530% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1093 | −1.621% | $362K | $240K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1092 | −1.682% | $16.7M | $37.7M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1092 | −1.719% | $15.7M | $10.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1092 | −1.683% | $24.6M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1093 | −1.656% | $2.9M | $939K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1093 | −1.647% | $4.0M | $4.1M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1093 | −1.656% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1092 | −1.713% | $603K | $167K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1092 | −1.682% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1094 | −1.530% | $194K | $634K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1093 | −1.628% | $91K | $268K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1091 | −1.844% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1092 | −1.672% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1092 | −1.683% | $899K | $149K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT