POL

Alert

Funding spread now, next payment 15:00 UTC−0.0514%/8h

next payment, per $10,000−$0.64paid, last 24h−0.106%paid, last 7 days−0.140%to open and close $10k−$98

Long on Kraken Futures Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 per $10,000. 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	Kraken Futures PF_POLUSD	0.1122	0.0010	pay 0.0001% / 1h	39m 08s	$1.3M	$1.8M	50x
Short	Coinbase International POL-PERP-INTX	0.1126	−0.0504	pay 0.0063% / 1h	39m 08s	$243K	$254K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$108.02
Slippage, 4 orders: −$77.56
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$205.59
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 10 min ago.

Price risk

price view

Price gap now: +0.366%
Avg gap 7d: −0.472%

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 Kraken Futures live order book, 1 min ago	6.24 bp	27.7 bp −$28	58.4 bp −$584	doesn't fit	doesn't fit
Sell Coinbase International live order book, 10 min ago	13.21 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit

POL on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International POL-PERP-INTXshort	−0.0504%	1h	$243K	$254K	50x
ApeX Omni POLUSDT	−0.0185%	1h	$200K	$644K	50x	as long as short
Orderly PERP_POL_USDC	−0.0141%	4h	$12K	$289K	20x	as long as short
Gate POL_USDT	−0.0070%	4h	$1.8M	$1.5M	75x	as long as short
OKX POL-USDT-SWAP	−0.0031%	4h	$5.8M	$12.5M	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	$22K	—	150x	as long as short
Bybit POLUSDT	+0.0010%	4h	$16.0M	$17.0M	75x	as long as short
Kraken Futures PF_POLUSDlong	+0.0010%	1h	$1.3M	$1.8M	50x
Injective POL/USDC PERP	+0.0033%	1h	$3K	$176K	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	$328K	$533K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	$6.5M	$4.5M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	$382K	$552K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	$17.3M	$54.8M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	$22.8M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	$3.2M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	$4.3M	$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	$691K	$296K	—	as long as short
Extended POL-USD	+0.0104%	1h	$94K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	$41K	—	3x	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	$943K	$184K	75x	as long as short
dYdX POL-USD	+0.1779%	1h	$17K	$3K	5x	as long as short