POL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.082%

Price spread now: Kraken Futures against Injective+0.985%7-day average +0.347% · you sell dearer than you buy

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+1.157%+$116 on $10k

Price spread, last 3 days (all we have)+1.142%+$114 · spread now +0.985%, 7d avg +0.347%

Together, before fees+2.299%+$230 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.638% dearer against Injective than usual: you sell high and buy low (spread +0.985% now, against its 7-day average of +0.347%): +$64 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 7.8 days. Mind the row above: over the last 7 days funding on this pair paid +1.157%, 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	26m 43s	$3K	$124K	12x
Short	Kraken Futures PF_POLUSD	0.1122	−0.0239	pay 0.0030% / 1h	26m 43s	$1.2M	$1.3M	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 +0.985%Rate

Funding earned: −$57.22
Price spread: +0.985% → +0.347%: $63.8
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: −$3.43
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	89.44 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.68 bp	21.9 bp −$22	48.6 bp −$486	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
Kraken Futures PF_POLUSDshort	−0.0239%	1h	0.1122	+0.985%	$1.2M	$1.3M	50x
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	+0.450%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	+0.903%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.985%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0019%	4h	0.1121	+0.900%	$11K	$167K	20x	as long as short
dYdX POL-USD	+0.0025%	1h	0.1123	+1.064%	$17K	$3K	5x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Lighter POL	+0.0096%	1h	0.1123	+1.085%	$294K	$583K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	+0.948%	$373K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1123	+1.098%	$17.3M	$44.5M	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	0.1123	+1.071%	$16.2M	$13.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	+1.098%	$5.8M	$10.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1121	+0.864%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1123	+1.107%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	+0.963%	$3.0M	$982K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+0.981%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1122	+0.981%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	+0.709%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.765%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.810%	$198K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	+0.903%	$93K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	+0.810%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0124%	1h	0.1124	+1.188%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	+0.974%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	+0.918%	$910K	$159K	75x	as long as short