Funding you earn now, next payment 12:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.75 per $10,000 · paid last 24h +0.012%
Price spread now: Bybit against OKX−0.073%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days+0.175%+$17 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.073%, 7d avg −0.018%
=Funding pays, the price is against you. Bybit is 0.054% cheaper against OKX than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.018%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POL-USDT-SWAP | 0.1101 | −0.0049 | get 0.0025% / 4h | 2h 59m | $5.7M | $9.1M | 50x |
| Short | Bybit POLUSDT | 0.1100 | 0.0100 | get 0.0050% / 4h | 2h 59m | $15.8M | $9.1M | 75x |
OKX POL-USDT-SWAP
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $31.3
- Price spread: −0.073% → −0.018%
- −$5.44
- Slippage, 4 orders
- −$28.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.12
- Costs to cover
- 0.500%
- Break-even
- 12.4 days
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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 OKX live order book, 4 min ago | 0.91 bp | 11.9 bp −$12 | 60.8 bp −$608 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.91 bp | 11.8 bp −$12 | 29.2 bp −$292 | 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-INTX | −0.0584% | 1h | 0.1098 | −0.236% | $200K | $180K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0351% | 1h | 0.1101 | −0.005% | $1.2M | $995K | 50x | as long as short |
| Gate POL_USDT | −0.0188% | 4h | 0.1100 | −0.064% | $1.8M | $1.1M | 75x | as long as short |
| Orderly PERP_POL_USDC | −0.0121% | 4h | 0.1100 | −0.082% | $11K | $2.5M | 20x | as long as short |
| OKX POL-USDT-SWAPlong | −0.0049% | 4h | 0.1101 | long leg | $5.7M | $9.1M | 50x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1099 | −0.112% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1102 | +0.108% | $9K | — | 150x | as long as short |
| GRVT POL_USDT_Perp | +0.0004% | 4h | 0.1101 | +0.036% | $1.1M | $2.8M | 10x | as long as short |
| MEXC POL_USDT | +0.0020% | 4h | 0.1100 | −0.073% | $25.3M | $3.3M | 125x | as long as short |
| Binance POLUSDT | +0.0020% | 4h | 0.1101 | +0.009% | $16.8M | $34.4M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
GRVT POL_USDT_Perp
MEXC POL_USDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POL-USD | +0.0024% | 1h | 0.1100 | −0.028% | $94K | $521K | 10x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.945% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0048% | 1h | 0.1100 | −0.053% | $269K | $502K | 8x | as long as short |
| ApeX Omni POLUSDT | +0.0074% | 1h | 0.1101 | +0.036% | $156K | $663K | 50x | as long as short |
| BloFin POL-USDT | +0.0081% | 4h | 0.1100 | −0.082% | $897K | $143K | 75x | as long as short |
| Aevo POL-PERP | +0.0088% | 1h | 0.1099 | −0.191% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1102 | +0.145% | $7.4M | $3.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1101 | +0.064% | $370K | $172K | 20x | as long as short |
| Bybit POLUSDTshort | +0.0100% | 4h | 0.1100 | −0.073% | $15.8M | $9.1M | 75x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1101 | 0.000% | $2.9M | $782K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1100 | −0.082% | $4.0M | $3.7M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1100 | −0.045% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1100 | −0.041% | $609K | $167K | — | as long as short |
| dYdX POL-USD | +0.0104% | 1h | 0.1102 | +0.128% | $23K | $8K | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0164% / S −0.0294% | 1h | 0.1102 | +0.152% | $3K | — | 100x | as long as short |
Extended POL-USD
Injective POL/USDC PERP
Lighter POL
ApeX Omni POLUSDT
BloFin POL-USDT
Aevo POL-PERP
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
dYdX POL-USD
GMX POL/USD [ETH-USDC]