POL (POL (ex-MATIC)) perpetual futures funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 31 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now POL funding ranges from -432.16% annualized on Coinbase International to +125.82% on dYdX.
The widest cross-exchange funding spread for POL is currently 558.0% APR. A delta-neutral funding trade captures this gap by going long on Coinbase International — where funding is lowest, so the long leg is paid or pays the least — and short on dYdX, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
POL ranks #86 by open interest among tracked perpetual assets, total open interest across covered venues is $100.0M, 24h volume is $89.6M, the volume-weighted mark price is $0.1122. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest POL funding rate right now?
- dYdX shows the highest POL funding at +125.82% annualized. A high positive rate means shorts get paid, so this is the venue to short POL when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
- Which exchange is best to long POL for funding?
- Coinbase International has the lowest POL funding at -432.16% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
- What is the best POL funding-arbitrage pair?
Coinbase International
dYdX
