Funding you earn now, next payment 22:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.153%
Price spread now: Coinbase International against Reya−0.107%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.107% cheaper against Reya than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POLRUSDPERP | 0.1123 | −0.0006 | get 0.0001% / 1h | 6m 44s | $3K | — | — |
| Short | Coinbase International POL-PERP-INTX | 0.1122 | −0.0128 | pay 0.0016% / 1h | 6m 44s | $205K | $236K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$25.56
- Price spread: −0.107% → 0.000%
- −$10.67
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$52.23
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 11 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 Coinbase International live order book, 11 min ago | 8.88 bp | 37.3 bp −$37 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.086% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTXshort | −0.0128% | 1h | 0.1122 | −0.107% | $205K | $236K | 50x | |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1125 | +0.118% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0010% | 4h | 0.1123 | −0.018% | $11K | $196K | 20x | as long as short |
| Reya POLRUSDPERPlong | −0.0006% | 1h | 0.1123 | long leg | $3K | — | — | |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1124 | +0.060% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0013% | 1h | 0.1124 | +0.070% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1124 | +0.097% | $300K | $577K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1124 | +0.044% | $373K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1124 | +0.095% | $17.4M | $51.0M | 75x | as long as short |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1124 | +0.027% | $16.2M | $15.6M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1123 | +0.009% | $5.8M | $12.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1123 | −0.053% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1124 | +0.089% | $23.7M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | +0.018% | $2.8M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1124 | +0.080% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1123 | +0.018% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1123 | −0.036% | $663K | $191K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1124 | +0.076% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1124 | +0.071% | $199K | $656K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1124 | +0.087% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1122 | −0.123% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1124 | +0.064% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0248% | 1h | 0.1126 | +0.285% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1123 | −0.053% | $914K | $169K | 75x | as long as short |
Coinbase International POL-PERP-INTX
Injective POL/USDC PERP
Kraken Futures PF_POLUSD
gTrade (Gains Network) POL/USD
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT