Funding you earn now, next payment 00:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.021%
Price spread now: Bybit against Reya+0.041%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.041% dearer against Reya than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POLRUSDPERP | 0.1118 | −0.0006 | get 0.0001% / 1h | 24m 57s | $3K | — | — |
| Short | Bybit POLUSDT | 0.1119 | 0.0100 | get 0.0050% / 4h | 24m 57s | $16.1M | $15.3M | 75x |
Reya POLRUSDPERP
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Reya. 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
- $22.32
- Price spread: +0.041% → 0.000%
- $4.11
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $9.43
- Costs to cover
- 0.170%
- Break-even
- 4.0 days
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 3 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 Reya no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.45 bp | 13.6 bp −$14 | 33.0 bp −$330 | doesn't fit | doesn't fit |
Reya: 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 | −0.0128% | 1h | 0.1120 | +0.139% | $205K | $225K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1120 | +0.153% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERPlong | −0.0006% | 1h | 0.1118 | long leg | $3K | — | — | |
| dYdX POL-USD | +0.0002% | 1h | 0.1120 | +0.144% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | +0.122% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0009% | 4h | 0.1119 | +0.086% | $11K | $189K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.665% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1120 | +0.116% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.226% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | +0.086% | $17.2M | $50.1M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
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 | 0.1119 | +0.041% | $16.1M | $15.3M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | +0.086% | $5.8M | $11.7M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | +0.139% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1120 | +0.113% | $24.2M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | +0.113% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | +0.122% | $4.2M | $5.4M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1120 | +0.130% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | +0.092% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | +0.202% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | +0.139% | $198K | $654K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | +0.023% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1118 | −0.005% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1120 | +0.110% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0278% | 1h | 0.1121 | +0.274% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | +0.023% | $911K | $168K | 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
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT