POL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.183%

Price spread now: Extended against Coinbase International−0.086%7-day average +0.368% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 3 days (all we have)+2.654%+$265 · spread now −0.086%, 7d avg +0.368%

Together, before fees+2.947%+ Points / potential airdropExtended: Active · farm board+$295 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.453% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.368%). If the spread goes back, that is −$45 on $10k: about 8.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1115	−0.0080	get 0.0010% / 1h	56m 51s	$203K	$255K	50x
Short	Extended POL-USD	0.1114	0.0104	get 0.0013% / 1h	56m 51s	$93K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.086%Rate

Funding earned: $38.64
Price spread: −0.086% → +0.368%: −$45.31
Slippage, 4 orders: −$68.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$90.08
Costs to cover: 0.834%
Break-even: 23.3 days

Slippage from Coinbase International: live order book, 31 min ago; Extended: live order book, 30 min ago.

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 Coinbase International live order book, 31 min ago	8.94 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	1.79 bp	15.5 bp −$15	148.8 bp −$1,488	doesn't fit	doesn't fit

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-INTXlong	−0.0080%	1h	0.1115	long leg	$203K	$255K	50x
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1115	+0.026%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0043%	4h	0.1115	−0.036%	$11K	$214K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1114	−0.066%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1115	+0.045%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1116	+0.049%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	−0.179%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0092%	4h	0.1117	+0.152%	$1.1M	$3.5M	10x	as long as short
Lighter POL	+0.0096%	1h	0.1115	−0.013%	$321K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1116	+0.126%	$7.6M	$4.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1115	−0.027%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1114	−0.085%	$17.0M	$52.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1114	−0.099%	$16.0M	$16.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1114	−0.099%	$5.8M	$12.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1116	+0.063%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1114	−0.063%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1116	+0.054%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1114	−0.090%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1115	−0.036%	—	$7.3M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.293%	$659K	$260K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1116	+0.090%	$197K	$659K	50x	as long as short
Extended POL-USDshort	+0.0104%	1h	0.1114	−0.086%	$93K	$437K	10x
Aevo POL-PERP	+0.0104%	1h	0.1113	−0.161%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1115	+0.033%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1114	−0.090%	$907K	$169K	75x	as long as short