POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.184%

Price spread now: GMX against Injective−1.389%57s7-day average — · you buy dearer than you sell

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

Long on Injective Short on GMX

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

Funding pays, the price is against you. GMX is 1.389% cheaper against Injective than usual: you would sell low and buy high (spread −1.389% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$139 on $10k: about 13 days of funding at the current rate (+$11 a day). The two prices were read 57 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	26m 02s	$3K	$124K	12x
Short	GMX POL/USD [ETH-USDC]	0.1096	L +0.0210% / S −0.0388%	get 0.0049% / 1h	26m 02s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −1.389%Rate

Funding earned: $74.54
Price spread: −1.389% → 0.000%: −$138.88
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$76.37
Costs to cover: 0.120%
Break-even: 14.2 days

Slippage unknown: Injective: live order book, 48 min ago; GMX: no order-book sample. 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, 48 min ago	77.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0512%	1h	0.1094	−1.530%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1096	−1.369%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1095	−1.472%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	−1.352%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1096	−1.374%	$12K	—	150x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Orderly PERP_POL_USDC	+0.0043%	4h	0.1096	−1.386%	$11K	$467K	20x	as long as short
Gate POL_USDT	+0.0068%	4h	0.1096	−1.350%	$1.8M	$1.4M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1095	−1.407%	$279K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	−1.269%	$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	0.1096	−1.335%	$364K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1095	−1.412%	$16.9M	$40.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1095	−1.458%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1095	−1.404%	$5.7M	$9.9M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1095	−1.422%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1096	−1.332%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	−1.440%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1095	−1.440%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	−1.490%	$606K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1098	−1.206%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	−1.260%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1095	−1.433%	$91K	$398K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1094	−1.563%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1096	−1.389%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1097	−1.296%	$904K	$164K	75x	as long as short