Spread before costs (cost unknown: a leg has no order-book sample)+0.074%
7d average—if it closes, per $10,000$7funding while held, a day+$24.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1118 | −0.0113 | get 0.0057% / 4h | 3h 17m | $11K | $252K | 20x |
| Short | GMX POL/USD [ETH-USDC] | 0.1118 | L +0.0215% / S −0.0699% | get 0.0087% / 1h | 17m 21s | $3K | — | 100x |
Orderly PERP_POL_USDC
GMX POL/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $7.43
- Funding while held
- $24.36
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $13.79
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0812%
- Per $10,000 a day
- +$24.36
- Average in range /8h
- —
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 GMX no order-book sample | — | — | — | — | — |
Orderly and GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Gate0.1116cheapestAevo0.1116+0.009%Reya0.1117+0.076%Aster0.1117+0.090%MEXC0.1117+0.090%ApeX Omni0.1117+0.099%Coinbase International0.1117+0.099%BloFin0.1117+0.099%Bybit0.1117+0.108%KuCoin0.1117+0.108%Extended0.1117+0.124%OKX0.1117+0.125%BingX0.1117+0.125%Binance0.1117+0.134%
Gate
Aevo
Reya
Aster
MEXC
ApeX Omni
Coinbase International
BloFin
Bybit
KuCoin
Extended
OKX
BingX
BinanceOrderly0.1118+0.143%
Kraken Futures0.1118+0.149%dYdX0.1118+0.154%Bitget0.1118+0.161%Lighter0.1118+0.171%gTrade (Gains Network)0.1118+0.200%
Kraken Futures
dYdX
Bitget
Lighter
gTrade (Gains Network)GMX0.1118+0.218%
Hyperliquid0.1119+0.314%Variational Omni0.1121+0.434%Injective0.1131+1.353%
Hyperliquid
Variational Omni
InjectivePOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate POL_USDT | −0.143% | +0.0028% | 4h | $1.8M | $1.5M | 75x | as long as short |
| Aevo POL-PERP | −0.134% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| Reya POLRUSDPERP | −0.068% | −0.0006% | 1h | $3K | — | — | as long as short |
| Aster POLUSDT | −0.054% | +0.0100% | 4h | $377K | $530K | 20x | as long as short |
| MEXC POL_USDT | −0.054% | +0.0100% | 4h | $23.1M | $4.3M | 125x | as long as short |
| ApeX Omni POLUSDT | −0.045% | +0.0100% | 1h | $197K | $649K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.045% | −0.0344% | 1h | $228K | $241K | 50x | as long as short |
| BloFin POL-USDT | −0.045% | +0.0340% | 4h | $928K | $172K | 75x | as long as short |
| Bybit POLUSDT | −0.036% | +0.0100% | 4h | $16.1M | $17.1M | 75x | as long as short |
| KuCoin POLUSDTM | −0.036% | +0.0100% | 4h | $3.2M | $1.0M | 50x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended POL-USD | −0.019% | +0.0104% | 1h | $93K | $450K | 10x | as long as short |
| OKX POL-USDT-SWAP | −0.018% | −0.0028% | 4h | $5.8M | $12.6M | 50x | as long as short |
| BingX POL-USDC | −0.018% | +0.0100% | 4h | — | $1.6M | — | as long as short |
| Binance POLUSDT | −0.009% | +0.0100% | 4h | $17.2M | $54.6M | 75x | as long as short |
| Orderly PERP_POL_USDClong | 0.000% | −0.0113% | 4h | $11K | $252K | 20x | |
| Kraken Futures PF_POLUSD | +0.006% | −0.0208% | 1h | $1.2M | $1.7M | 50x | as long as short |
| dYdX POL-USD | +0.011% | +0.0150% | 1h | $17K | $3K | 5x | as long as short |
| Bitget POLUSDT | +0.018% | +0.0100% | 4h | $4.2M | $6.1M | 50x | as long as short |
| Lighter POL | +0.028% | +0.0096% | 1h | $330K | $539K | 8x | as long as short |
| gTrade (Gains Network) POL/USD | +0.056% | L +0.0004% / S −0.0006% | 1h | $21K | — | 150x | as long as short |
| GMX POL/USD [ETH-USDC]short | +0.074% | L +0.0215% / S −0.0699% | 1h | $3K | — | 100x | |
| Hyperliquid POL | +0.170% | +0.0906% | 1h | $7.5M | $5.2M | 5x | as long as short |
| Variational Omni POL | +0.290% | +0.0100% | 4h | $667K | $318K | — | as long as short |
| Injective POL/USDC PERP | +1.208% | +0.0033% | 1h | $3K | $137K | 12x | as long as short |