POL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.067%

Price spread now: Binance against Orderly+0.047%49s7-day average +0.038% · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now +0.047%, 7d avg +0.038%

Together, before fees+0.599%+$60 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 49 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	Orderly PERP_POL_USDC	0.1102	0.0047	pay 0.0023% / 4h	1h 59m	$11K	$306K	20x
Short	Binance POLUSDT	0.1102	0.0100	get 0.0050% / 4h	1h 59m	$17.1M	$42.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 OrderlybpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: $11.2
Price spread: +0.047% → +0.038%: $0.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.89
Costs to cover: 0.160%
Break-even: 9.4 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 13 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.45 bp	8.3 bp −$8	27.2 bp −$272	140.1 bp −$14.0K	doesn't fit

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 24 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	−0.0312%	1h	0.1099	−0.254%	$202K	$201K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1102	+0.001%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1103	+0.091%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1103	+0.085%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.835%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDClong	+0.0047%	4h	0.1102	long leg	$11K	$306K	20x
Lighter POL	+0.0096%	1h	0.1103	+0.105%	$285K	$564K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1104	+0.221%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	+0.169%	$367K	$276K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1102	+0.047%	$17.1M	$42.5M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1102	−0.009%	$15.9M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1102	+0.009%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1102	+0.009%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	+0.027%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1103	+0.073%	$2.9M	$969K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	+0.045%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1103	+0.073%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	−0.027%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.011%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.109%	$195K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1102	+0.055%	$92K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	−0.073%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1103	+0.094%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1103	+0.067%	$3K	—	100x	as long as short