Funding you earn now, next payment 04:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.034%
Price spread now: Orderly against Injective−1.638%58s7-day average +0.224% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.902%+$90 on $10k
+Price spread, last 4 days (all we have)+4.200%+$420 · spread now −1.638%, 7d avg +0.224%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 1.863% cheaper against Injective than usual: you would sell low and buy high, −$186 on $10k if it goes back to its 7-day average of +0.224%. The two prices were read 58 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 | Injective POL/USDC PERP | 0.1111 | 0.0033 | pay 0.0004% / 1h | 42m 30s | $3K | $124K | 12x |
| Short | Orderly PERP_POL_USDC | 0.1093 | 0.0040 | get 0.0020% / 4h | 42m 30s | $11K | $263K | 20x |
Injective POL/USDC PERP
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Injective. 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
- $1.4
- Price spread: −1.638% → +0.224%
- −$186.26
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$190.88
- Costs to cover
- 0.060%
- Break-even
- 964.3 days
Slippage unknown: Injective: live order book, 37 min ago; Orderly: no order-book sample. 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 Injective live order book, 37 min ago | 68.03 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 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 | −0.0520% | 1h | 0.1091 | −1.800% | $201K | $195K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1093 | −1.637% | $2K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1093 | −1.589% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPlong | +0.0033% | 1h | 0.1111 | long leg | $3K | $124K | 12x | |
| Orderly PERP_POL_USDCshort | +0.0040% | 4h | 0.1093 | −1.638% | $11K | $263K | 20x | |
| ApeX Omni POLUSDT | +0.0086% | 1h | 0.1093 | −1.620% | $194K | $633K | 50x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1092 | −1.688% | $278K | $554K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1092 | −1.674% | $363K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1093 | −1.622% | $16.9M | $42.1M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1092 | −1.683% | $15.7M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
ApeX Omni POLUSDT
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 | 0.1093 | −1.638% | $5.6M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1092 | −1.710% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1093 | −1.584% | $24.3M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1093 | −1.611% | $2.9M | $976K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1093 | −1.620% | $4.1M | $4.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1093 | −1.647% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1092 | −1.737% | $604K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1093 | −1.641% | $1.1M | $2.7M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1093 | −1.636% | $94K | $453K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1090 | −1.845% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0179% | 1h | 0.1095 | −1.476% | $7.4M | $3.7M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1093 | −1.656% | $3K | — | 100x | as long as short |
| dYdX POL-USD | +0.0234% | 1h | 0.1093 | −1.639% | $17K | $2K | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0316% | 1h | 0.1093 | −1.638% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1092 | −1.674% | $907K | $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
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
dYdX POL-USD
Kraken Futures PF_POLUSD
BloFin POL-USDT