Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.028%
Price spread now: Orderly against OKX+0.256%7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.340%−$34 on $10k
+Price spread, last 4 days (all we have)−1.506%−$151 · spread now +0.256%, 7d avg −0.020%
=The price spread pays, funding is against you. Orderly is 0.276% dearer against OKX than usual: you sell high and buy low (spread +0.256% now, against its 7-day average of −0.020%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.340% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POL-USDT-SWAP | 0.1093 | −0.0075 | get 0.0037% / 4h | 3h 33m | $5.7M | $9.2M | 50x |
| Short | Orderly PERP_POL_USDC | 0.1096 | −0.0100 | pay 0.0050% / 4h | 3h 33m | $11K | $2.3M | 20x |
OKX POL-USDT-SWAP
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- −$5.29
- Price spread: +0.256% → −0.020%
- $27.58
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $6.29
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.91 bp | 13.3 bp −$13 | 55.2 bp −$552 | 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 | −0.0600% | 1h | 0.1093 | −0.018% | $199K | $180K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0473% | 1h | 0.1097 | +0.339% | $1.2M | $975K | 50x | as long as short |
| Bybit POLUSDT | −0.0443% | 4h | 0.1094 | +0.027% | $15.7M | $9.4M | 75x | as long as short |
| Gate POL_USDT | −0.0226% | 4h | 0.1095 | +0.165% | $1.8M | $1.2M | 75x | as long as short |
| Orderly PERP_POL_USDCshort | −0.0100% | 4h | 0.1096 | +0.256% | $11K | $2.3M | 20x | |
| ApeX Omni POLUSDT | −0.0092% | 1h | 0.1097 | +0.348% | $155K | $661K | 50x | as long as short |
| OKX POL-USDT-SWAPlong | −0.0075% | 4h | 0.1093 | long leg | $5.7M | $9.2M | 50x | |
| GRVT POL_USDT_Perp | −0.0028% | 4h | 0.1095 | +0.201% | $1.0M | $2.9M | 10x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1094 | +0.110% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1097 | +0.340% | $9K | — | 150x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Bybit POLUSDT
Gate POL_USDT
ApeX Omni POLUSDT
GRVT POL_USDT_Perp
Reya POLRUSDPERP
gTrade (Gains Network) POL/USDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC POL_USDT | +0.0028% | 4h | 0.1094 | +0.037% | $25.1M | $3.4M | 125x | as long as short |
| Binance POLUSDT | +0.0029% | 4h | 0.1094 | +0.033% | $16.7M | $35.6M | 75x | as long as short |
| Extended POL-USD | +0.0032% | 1h | 0.1093 | −0.013% | $91K | $521K | 10x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.628% | $3K | $124K | 12x | as long as short |
| Aevo POL-PERP | +0.0088% | 1h | 0.1098 | +0.403% | $40K | — | 3x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1094 | +0.063% | $273K | $539K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1096 | +0.247% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1096 | +0.211% | $363K | $167K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1096 | +0.247% | $2.8M | $865K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1094 | +0.037% | $4.0M | $3.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1095 | +0.128% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1096 | +0.235% | $606K | $167K | — | as long as short |
| dYdX POL-USD | +0.0100% | 1h | 0.1097 | +0.309% | $19K | $4K | 5x | as long as short |
| BloFin POL-USDT | +0.0125% | 4h | 0.1096 | +0.274% | $896K | $145K | 75x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0164% / S −0.0294% | 1h | 0.1096 | +0.276% | $3K | — | 100x | as long as short |
MEXC POL_USDT
Binance POLUSDT
Extended POL-USD
Injective POL/USDC PERP
Aevo POL-PERP
Lighter POL
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
dYdX POL-USD
BloFin POL-USDT
GMX POL/USD [ETH-USDC]