Funding you earn now, next payment 03:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.065%
Price spread now: Extended against Orderly−0.067%7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.386%+$39 on $10k
+Price spread, last 3 days (all we have)+0.277%+$28 · spread now −0.067%, 7d avg +0.011%
=Together, before fees+0.662%+ Points / potential airdropExtended: Active · farm board+$66 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.078% cheaper against Orderly than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.011%). If the spread goes back, that is −$8 on $10k: about 4.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.386% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1101 | 0.0046 | pay 0.0023% / 4h | 1h 58m | $11K | $304K | 20x |
| Short | Extended POL-USD | 0.1100 | 0.0104 | get 0.0013% / 1h | 58m 03s | $92K | $446K | 10x |
Orderly PERP_POL_USDC
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. 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
- $12.24
- Price spread: −0.067% → +0.011%
- −$7.85
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$6.6
- Costs to cover
- 0.110%
- Break-even
- 10.8 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago | 2.09 bp | 17.7 bp −$18 | 129.4 bp −$1,294 | doesn't fit | 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 | −0.0464% | 1h | 0.1099 | −0.200% | $202K | $201K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | +0.009% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1103 | +0.145% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | +0.091% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.890% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDClong | +0.0046% | 4h | 0.1101 | long leg | $11K | $304K | 20x | |
| Lighter POL | +0.0096% | 1h | 0.1102 | +0.075% | $285K | $564K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | +0.114% | $366K | $276K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1101 | −0.028% | $17.1M | $42.5M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1100 | −0.082% | $15.9M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1099 | −0.173% | $5.7M | $10.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1102 | +0.036% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1101 | +0.027% | $23.8M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | +0.045% | $2.9M | $969K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1101 | +0.009% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1101 | +0.009% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1102 | +0.028% | $610K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1102 | +0.065% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1103 | +0.163% | $195K | $634K | 50x | as long as short |
| Extended POL-USDshort | +0.0104% | 1h | 0.1100 | −0.067% | $92K | $446K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.095% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0134% | 1h | 0.1103 | +0.194% | $7.4M | $3.7M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | +0.059% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0260% | 1h | 0.1103 | +0.138% | $1.2M | $1.2M | 50x | as long as short |
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
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD