Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%
Price spread now: Bybit against Extended−0.060%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.060%, 7d avg −0.004%
=Together, before fees+0.246%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.056% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POL-USD | 0.1128 | 0.0104 | pay 0.0013% / 1h | 31m 46s | $94K | $427K | 10x |
| Short | Bybit POLUSDT | 0.1127 | 0.0100 | get 0.0050% / 4h | 1h 31m | $16.2M | $15.9M | 75x |
Extended POL-USD
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$0.84
- Price spread: −0.060% → −0.004%
- −$5.63
- Slippage, 4 orders
- −$44.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$66.87
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from Extended: live order book, 51 min ago; Bybit: live order book, 2 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 Extended live order book, 51 min ago | 1.88 bp | 15.7 bp −$16 | 212.5 bp −$2,125 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.44 bp | 12.6 bp −$13 | 34.7 bp −$347 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.488% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1126 | −0.158% | $205K | $233K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1128 | +0.026% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0020% | 4h | 0.1127 | −0.069% | $11K | $200K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1126 | −0.132% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1127 | −0.080% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1128 | −0.010% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1127 | −0.037% | $307K | $570K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1128 | +0.014% | $375K | $357K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1129 | +0.100% | $17.3M | $51.5M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDTshort | +0.0100% | 4h | 0.1127 | −0.060% | $16.2M | $15.9M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1128 | −0.016% | $5.8M | $12.2M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1130 | +0.179% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1129 | +0.126% | $23.9M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1130 | +0.161% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1129 | +0.064% | $4.3M | $5.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1128 | +0.028% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1125 | −0.236% | $664K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | −0.170% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1126 | −0.158% | $199K | $659K | 50x | as long as short |
| Extended POL-USDlong | +0.0104% | 1h | 0.1128 | long leg | $94K | $427K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1126 | −0.181% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0161% | 1h | 0.1130 | +0.162% | $7.7M | $4.6M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1128 | −0.010% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1126 | −0.140% | $904K | $170K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT