POL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h −0.114%

Price spread now: Coinbase International against Injective−1.710%64s7-day average −0.178% · 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+0.887%+$89 on $10k

Price spread, last 4 days (all we have)+2.724%+$272 · spread now −1.710%, 7d avg −0.178%

Together, before fees+3.611%+$361 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Coinbase International is 1.532% cheaper against Injective than usual: you would sell low and buy high (−$153 if the spread goes back to its 7-day average of −0.178%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.887%, 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	56m 19s	$3K	$124K	12x
Short	Coinbase International POL-PERP-INTX	0.1092	−0.0472	pay 0.0059% / 1h	56m 19s	$202K	$203K	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

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 Coinbase InternationalbpOrdersPrice spread, now −1.710%Rate

Funding earned: −$106.12
Price spread: −1.710% → −0.178%: −$153.2
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: −$269.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 8 min ago; Coinbase International: live order book, 52 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, 8 min ago	77.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	18.33 bp	104.1 bp −$104	doesn't fit	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-INTXshort	−0.0472%	1h	0.1092	−1.710%	$202K	$203K	50x
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1094	−1.575%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0220%	4h	0.1092	−1.710%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−1.636%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1094	−1.550%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	−1.541%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0031%	4h	0.1093	−1.602%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Lighter POL	+0.0096%	1h	0.1093	−1.623%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	−1.458%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1094	−1.560%	$362K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	−1.620%	$16.7M	$37.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−1.638%	$15.7M	$10.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1093	−1.620%	$5.7M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	−1.620%	$24.6M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−1.512%	$2.9M	$938K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	−1.593%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	−1.638%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1095	−1.445%	$605K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1096	−1.387%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1096	−1.350%	$195K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	−1.657%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−1.750%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	−1.546%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1096	−1.359%	$898K	$155K	75x	as long as short