POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0173%/8h= −18.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.046%

Price spread now: Kraken Futures against Injective−0.871%7-day average +0.312% · you buy dearer than you sell

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

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.168%+$117 on $10k

Price spread, last 4 days (all we have)+3.586%+$359 · spread now −0.871%, 7d avg +0.312%

Together, before fees+4.754%+$475 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 1.183% cheaper against Injective than usual: you would sell low and buy high (−$118 if the spread goes back to its 7-day average of +0.312%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.168%, so the current rate has only just turned against you.

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	59m 06s	$3K	$124K	12x
Short	Kraken Futures PF_POLUSD	0.1101	−0.0140	pay 0.0017% / 1h	59m 06s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −0.871%Rate

Funding earned: −$36.31
Price spread: −0.871% → +0.312%: −$118.32
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$164.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 15 min ago; Kraken Futures: live order book, 4 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	77.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	5.89 bp	20.0 bp −$20	53.1 bp −$531	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-INTX	−0.0512%	1h	0.1101	−0.900%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0140%	1h	0.1101	−0.871%	$1.2M	$1.2M	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.925%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	−0.837%	$24K	—	150x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Orderly PERP_POL_USDC	+0.0042%	4h	0.1101	−0.927%	$11K	$245K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.907%	$280K	$540K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1102	−0.837%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	−0.855%	$366K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1100	−0.945%	$17.0M	$41.4M	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	0.1100	−0.990%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1100	−0.990%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1100	−0.945%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.936%	$24.7M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	−0.837%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1100	−0.981%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1101	−0.918%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	−0.832%	$610K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.819%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1102	−0.810%	$195K	$638K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1101	−0.927%	$92K	$454K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	−1.064%	$40K	—	3x	as long as short
dYdX POL-USD	+0.0106%	1h	0.1102	−0.837%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	−0.869%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	−0.900%	$911K	$169K	75x	as long as short