POL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0183%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.068%

Price spread now: Injective against GMX−0.974%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.974% cheaper against GMX than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1122	L +0.0217% / S −0.0750%	pay 0.0027% / 1h	20m 50s	$3K	—	100x
Short	Injective POL/USDC PERP	0.1111	0.0033	get 0.0004% / 1h	20m 50s	$3K	$124K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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 GMXbpFee InjectivebpOrdersPrice spread, now −0.974%Rate

Funding earned: −$38.47
Price spread: −0.974% → 0.000%: −$97.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$147.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Injective: live order book, 13 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 GMX no order-book sample	—	—	—	—	—
Sell Injective live order book, 13 min ago	76.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

GMX: 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 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	−0.0128%	1h	0.1122	+0.006%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1121	−0.109%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.089%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	−0.003%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0010%	4h	0.1121	−0.101%	$11K	$188K	20x	as long as short
dYdX POL-USD	+0.0018%	1h	0.1122	+0.005%	$17K	$3K	5x	as long as short
Injective POL/USDC PERPshort	+0.0033%	1h	0.1111	−0.974%	$3K	$124K	12x
Lighter POL	+0.0096%	1h	0.1121	−0.087%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	−0.012%	$373K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	−0.137%	$17.2M	$50.1M	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	0.1120	−0.172%	$16.1M	$15.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.172%	$5.8M	$11.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.127%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.119%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.074%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	−0.092%	$4.2M	$5.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	−0.101%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	−0.150%	$662K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1120	−0.161%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.172%	$198K	$652K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	−0.129%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.306%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0217% / S −0.0750%	1h	0.1122	long leg	$3K	—	100x
Hyperliquid POL	+0.0253%	1h	0.1123	+0.069%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	−0.038%	$911K	$168K	75x	as long as short