Funding you earn now, next payment 02:00 UTC−0.0458%/8h= −50.1% APRnext payment −$0.57 per $10,000 · paid last 24h −0.126%
Price spread now: Coinbase International against Reya−0.584%7-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 −$14 a day on $10k at the current rate, and Coinbase International is 0.584% cheaper against Reya than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POLRUSDPERP | 0.1104 | −0.0006 | get 0.0001% / 1h | 28m 41s | $3K | — | — |
| Short | Coinbase International POL-PERP-INTX | 0.1098 | −0.0464 | pay 0.0058% / 1h | 28m 41s | $202K | $199K | 50x |
Reya POLRUSDPERP
Coinbase International POL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Reya. 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
- −$96.13
- Price spread: −0.584% → 0.000%
- −$58.44
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$170.57
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 34 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 Reya no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 34 min ago | 13.63 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
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-INTXshort | −0.0464% | 1h | 0.1098 | −0.584% | $202K | $199K | 50x | |
| Reya POLRUSDPERPlong | −0.0006% | 1h | 0.1104 | long leg | $3K | — | — | |
| dYdX POL-USD | 0.0000% | 1h | 0.1104 | −0.059% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1105 | +0.058% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.593% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0042% | 4h | 0.1104 | −0.023% | $11K | $298K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1104 | −0.059% | $285K | $564K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1103 | −0.118% | $367K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1104 | −0.059% | $17.1M | $42.2M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1103 | −0.132% | $15.9M | $11.8M | 75x | as long as short |
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1103 | −0.114% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1104 | −0.086% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1104 | −0.086% | $23.8M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1104 | −0.059% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1104 | −0.077% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1103 | −0.123% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1105 | +0.043% | $612K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1106 | +0.145% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1105 | +0.049% | $196K | $637K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1103 | −0.087% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1103 | −0.177% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1105 | +0.046% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0217% | 1h | 0.1105 | +0.004% | $7.4M | $3.7M | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0259% | 1h | 0.1105 | +0.053% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1105 | +0.077% | $912K | $166K | 75x | 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
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
Kraken Futures PF_POLUSD
BloFin POL-USDT