POL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0624%/8h= −68.3% APRnext payment −$0.78 per $10,000 · paid last 24h −0.152%

Price spread now: Coinbase International against Extended−0.215%7-day average −0.357% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 4 days (all we have)−1.648%−$165 · spread now −0.215%, 7d avg −0.357%

Together, before fees−2.021%+ Points / potential airdropExtended: Active · farm board−$202 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.142% dearer against Extended than usual: you sell high and buy low (spread −0.215% now, against its 7-day average of −0.357%): +$14 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.373% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.373% in total (about -19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1103	0.0104	pay 0.0013% / 1h	30m 20s	$95K	$451K	10x
Short	Coinbase International POL-PERP-INTX	0.1101	−0.0520	pay 0.0065% / 1h	30m 20s	$203K	$197K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.215%Rate

Funding earned: −$131.04
Price spread: −0.215% → −0.357%: $14.2
Slippage, 4 orders: −$71.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$203.57
Costs to cover: 0.867%
Break-even: never at this rate

Slippage from Extended: live order book, 27 min ago; Coinbase International: live order book, 27 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 Extended live order book, 27 min ago	1.51 bp	16.2 bp −$16	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell Coinbase International live order book, 27 min ago	13.68 bp	27.8 bp −$28	doesn't fit	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-INTXshort	−0.0520%	1h	0.1101	−0.215%	$203K	$197K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1103	−0.037%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1104	+0.039%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.691%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1103	+0.002%	$11K	$260K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1104	+0.023%	$281K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1103	+0.002%	$366K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1104	+0.011%	$17.1M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1103	−0.043%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1103	+0.002%	$5.7M	$10.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1103	−0.061%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	+0.002%	$24.5M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1104	+0.020%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1104	+0.066%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1104	+0.029%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.192%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	−0.721%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1099	−0.396%	$195K	$635K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1103	long leg	$95K	$451K	10x
Aevo POL-PERP	+0.0104%	1h	0.1102	−0.125%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0168%	1h	0.1105	+0.160%	$7.5M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	+0.038%	$3K	—	100x	as long as short
dYdX POL-USD	+0.0220%	1h	0.1103	−0.053%	$17K	$2K	5x	as long as short
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1104	+0.078%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1102	−0.125%	$910K	$169K	75x	as long as short