POL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.067%

Price spread now: Injective against GMX+0.515%57s7-day average — · you sell dearer than you buy

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

The price spread pays, funding is against you. Injective is 0.515% dearer against GMX than usual: you sell high and buy low (spread +0.515% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9.7 days. 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	GMX POL/USD [ETH-USDC]	0.1105	L +0.0210% / S −0.0388%	pay 0.0026% / 1h	11m 40s	$3K	—	100x
Short	Injective POL/USDC PERP	0.1111	0.0033	get 0.0004% / 1h	11m 40s	$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 +0.515%Rate

Funding earned: −$37.05
Price spread: +0.515% → 0.000%: $51.48
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: $2.41
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: live order book, 7 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, 7 min ago	68.03 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	−0.0464%	1h	0.1098	−0.661%	$202K	$198K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1104	−0.075%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1105	−0.021%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1105	−0.005%	$24K	—	150x	as long as short
Injective POL/USDC PERPshort	+0.0033%	1h	0.1111	+0.515%	$3K	$124K	12x
Orderly PERP_POL_USDC	+0.0042%	4h	0.1105	−0.055%	$11K	$275K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1105	−0.027%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1105	−0.068%	$367K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1105	+0.008%	$17.2M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.073%	$15.9M	$11.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1105	−0.010%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1104	−0.119%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1105	−0.055%	$24.5M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1105	−0.064%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1105	−0.010%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1105	−0.046%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1105	−0.025%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1105	−0.038%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1105	−0.028%	$196K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1105	−0.070%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1103	−0.209%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0210% / S −0.0388%	1h	0.1105	long leg	$3K	—	100x
Hyperliquid POL	+0.0228%	1h	0.1106	+0.108%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1106	+0.023%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.044%	$917K	$167K	75x	as long as short