POL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTPOL_USDT_Perp	0.1191	−0.0210	get 0.0105% / 4h	10m 05s	$1.1M	$3.1M	10x	Long GRVT
SHORT	PhemexPOLUSDT	0.1199	+0.0100	get 0.0050% / 4h	10m 05s	$1.2M	$1.5M	50x	Short Phemex

Price gap+0.709%77s

Funding gap+0.0310% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.701% above its 7d average: +$70 more if it goes back.

The two prices were read 77 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$20+0.0310% /8h now · paid +0.199% over the last 5 days (all we have)

Price—spread +0.709%77s now · prices read too far apart to compare

Costs−$1111.113% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phemex price against GRVTnow

RANGE STATS · 7D

Now+0.709%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

POL on 26 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size15.7 / 37.6 bp
At $10k entering Phemex costs 37.6 bp, fee and slippage, 2.4× GRVT’s.
Note: Margin at max leverage$1,000 + $200
GRVT 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$9.30Long GRVT: 6 payments, +$6.30; short Phemex: 6 payments, +$3.00.
Watch: Prices read 77 s apart+0.709% vs +0.008%
Part of this gap may be the market moving.
Note: Long leg is thinner$1.1M vs $1.2M OI
Both legs are deep; GRVT is the smaller one.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCGRVT No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0121%/8h × 21 periods+$25.40

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$90.25

Fee GRVT bp × 2 orders−$9.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$85.85

price spread not counted: prices read too far apart

Costs to cover1.113%Break-even30.7 days

Slippage: GRVT: live order book, 4 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGRVT2.5115.7 bp−$1621.9 bp−$219doesn’t fitdoesn’t fit

SELL · SHORTPhemex9.2637.6 bp−$38doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

POL news

posts that mention POL, from every exchangeSearch all news →

09-29 11:00	Reya	Listing	POLRUSDPERP no longer reported ($POL) seen by our collector
09-28 14:42	Deribit	Listing	🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC \| POL_USDC \| OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗
09-28 13:03	Deribit	Listing	new market POL_USDC-PERPETUAL ($POL) seen by our collector
09-24 09:36	Phemex	Listing	new market POLUSDT ($POL) seen by our collector

POL