POL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0657%/8h= −72.0% APRnext payment −$0.82 per $10,000 · paid last 24h −0.110%

Price spread now: Coinbase International against Injective−3.150%64s7-day average −0.263% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.822%+$82 on $10k

Price spread, last 4 days (all we have)+4.312%+$431 · spread now −3.150%, 7d avg −0.263%

Together, before fees+5.134%+$513 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Coinbase International is 2.888% cheaper against Injective than usual: you would sell low and buy high (−$289 if the spread goes back to its 7-day average of −0.263%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.822%, so the current rate has only just turned against you. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	31m 40s	$3K	$124K	12x
Short	Coinbase International POL-PERP-INTX	0.1076	−0.0624	pay 0.0078% / 1h	31m 40s	$195K	$164K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −3.150%Rate

Funding earned: −$138.04
Price spread: −3.150% → −0.263%: −$288.76
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$436.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 15 min ago; Coinbase International: live order book, 14 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 Injective live order book, 15 min ago	101.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 14 min ago	18.47 bp	79.2 bp −$79	doesn't fit	doesn't fit	doesn't fit

POL on 25 exchanges

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	−0.0624%	1h	0.1076	−3.150%	$195K	$164K	50x
Kraken Futures PF_POLUSD	−0.0349%	1h	0.1079	−2.911%	$1.1M	$959K	50x	as long as short
Orderly PERP_POL_USDC	−0.0192%	4h	0.1078	−2.970%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0126%	4h	0.1078	−2.961%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0074%	4h	0.1082	−2.602%	$1.0M	$2.7M	10x	as long as short
Bitget POLUSDT	−0.0012%	4h	0.1079	−2.916%	$3.9M	$3.2M	50x	as long as short
OKX POL-USDT-SWAP	−0.0012%	4h	0.1079	−2.925%	$5.6M	$8.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1078	−2.982%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1079	−2.896%	$23K	$9K	5x	as long as short
Extended POL-USD	0.0000%	1h	0.1078	−2.961%	$90K	$528K	10x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDT	+0.0002%	4h	0.1078	−2.943%	$24.8M	$3.2M	125x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1079	−2.848%	$8K	—	150x	as long as short
Binance POLUSDT	+0.0004%	4h	0.1078	−2.957%	$16.4M	$31.8M	75x	as long as short
BloFin POL-USDT	+0.0015%	4h	0.1077	−3.051%	$889K	$134K	75x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Bybit POLUSDT	+0.0055%	4h	0.1077	−3.015%	$15.3M	$8.8M	75x	as long as short
BingX POL-USDT	+0.0076%	4h	0.1078	−2.961%	—	$7.0M	—	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1076	−3.123%	$39K	—	3x	as long as short
Aster POLUSDT	+0.0080%	4h	0.1080	−2.829%	$363K	$164K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1078	−2.943%	$263K	$486K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1080	−2.799%	$7.3M	$3.5M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1080	−2.826%	$3.1M	$790K	50x	as long as short
Variational Omni POL	+0.0100%	4h	0.1080	−2.833%	$598K	$161K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1081	−2.700%	$153K	$662K	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0202% / S −0.0373%	1h	0.1080	−2.788%	$3K	—	100x	as long as short