Funding you earn now, next payment 05:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.041%
Price spread now: ApeX Omni against Orderly+0.348%70s7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.555%+$55 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.348%, 7d avg +0.050%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.297% dearer against Orderly than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.050%. The two prices were read 70 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 | Orderly PERP_POL_USDC | 0.1093 | 0.0043 | pay 0.0022% / 4h | 3h 24m | $11K | $483K | 20x |
| Short | ApeX Omni POLUSDT | 0.1097 | 0.0100 | get 0.0013% / 1h | 24m 07s | $195K | $635K | 50x |
Orderly PERP_POL_USDC
ApeX Omni POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $11.88
- Price spread: +0.348% → +0.050%
- $29.73
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $25.61
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 29 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 ApeX Omni live order book, 29 min ago | 13.56 bp | 23.0 bp −$23 | 125.8 bp −$1,258 | 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 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 | −0.0512% | 1h | 0.1094 | +0.073% | $202K | $198K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0141% | 1h | 0.1093 | +0.017% | $1.2M | $1.2M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1093 | −0.018% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1095 | +0.174% | $17K | $2K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1094 | +0.073% | $12K | — | 150x | as long as short |
| Gate POL_USDT | +0.0026% | 4h | 0.1094 | +0.064% | $1.8M | $1.4M | 75x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.628% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDClong | +0.0043% | 4h | 0.1093 | long leg | $11K | $483K | 20x | |
| Lighter POL | +0.0096% | 1h | 0.1093 | +0.026% | $278K | $541K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1095 | +0.174% | $7.4M | $3.7M | 5x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Gate POL_USDT
Injective POL/USDC PERP
Lighter POL
Hyperliquid POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster POLUSDT | +0.0100% | 4h | 0.1094 | +0.081% | $363K | $247K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1093 | 0.000% | $16.9M | $40.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1093 | −0.027% | $15.7M | $11.7M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1093 | +0.018% | $5.7M | $9.9M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1093 | +0.018% | $24.6M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1094 | +0.037% | $2.9M | $966K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1093 | +0.009% | $4.0M | $4.3M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1093 | +0.009% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1094 | +0.114% | $606K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1098 | +0.402% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDTshort | +0.0100% | 1h | 0.1097 | +0.348% | $195K | $635K | 50x | |
| Extended POL-USD | +0.0104% | 1h | 0.1093 | −0.029% | $91K | $373K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1092 | −0.145% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1094 | +0.053% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1095 | +0.137% | $902K | $164K | 75x | as long as short |
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT