POL

Alert

Funding spread now, next payment 16:00 UTC+0.0231%/8h

paid, last 24h+0.131%paid, last 7 days−0.144%to open and closeno order book

Long on Coinbase International Short on Orderly

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment. 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	Coinbase International POL-PERP-INTX	0.1118	−0.0344	get 0.0043% / 1h	16m 57s	$228K	$241K	50x
Short	Orderly PERP_POL_USDC	0.1118	−0.0113	pay 0.0057% / 4h	3h 16m	$11K	$252K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee OrderlybpOrdersRate

Funding earned: $48.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $32.49
Break-even: 2.3 days

Slippage unknown: Coinbase International: live order book, 27 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.045%
Avg gap 7d: +0.376%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 27 min ago	17.58 bp	601.3 bp −$601	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

POL on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International POL-PERP-INTXlong	−0.0344%	1h	$228K	$241K	50x
Kraken Futures PF_POLUSD	−0.0208%	1h	$1.2M	$1.7M	50x	as long as short
Orderly PERP_POL_USDCshort	−0.0113%	4h	$11K	$252K	20x
OKX POL-USDT-SWAP	−0.0028%	4h	$5.8M	$12.6M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	$21K	—	150x	as long as short
Gate POL_USDT	+0.0028%	4h	$1.8M	$1.5M	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	$3K	$137K	12x	as long as short
Lighter POL	+0.0096%	1h	$330K	$539K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	$377K	$530K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	$17.2M	$54.6M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	$16.1M	$17.1M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	$23.1M	$4.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	$3.2M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	$4.2M	$6.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	$667K	$318K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	$197K	$649K	50x	as long as short
Extended POL-USD	+0.0104%	1h	$93K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	$41K	—	3x	as long as short
dYdX POL-USD	+0.0150%	1h	$17K	$3K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0215% / S −0.0699%	1h	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	$934K	$173K	75x	as long as short
Hyperliquid POL	+0.0904%	1h	$7.5M	$5.2M	5x	as long as short