Daily close and perpetual volume across tracked exchanges
Polygon's native token is POL, which replaced MATIC as the gas and staking token of the Polygon PoS network. Validators stake POL to secure the chain, and the token is designed to support Polygon's wider group of chains connected through its aggregation layer. Perps let traders take leveraged positions on the Polygon ecosystem, hedge staked holdings, or go short without borrowing tokens.
Ecosystem activity and Ethereum scaling sentiment move POL, along with news on payments and tokenised asset deployments on Polygon. POL has ongoing emissions that fund validators and a community treasury, which adds steady supply. Binance leads on volume, WhiteBIT and Bybit follow, and MEXC holds large open interest relative to its trading. Comparing funding rates across venues helps spot crowded positioning before it unwinds.
POL funding rates POL open interest POL liquidations POL long/short ratio
Every tracked POL perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked POL perpetual markets · updated
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POL is the native token of Polygon, used to pay gas on Polygon PoS and to stake with the validators who secure the network. It was introduced as the upgraded successor to MATIC and is intended to secure multiple chains across the Polygon ecosystem.
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MATIC was migrated to POL at a one-to-one ratio, starting in September 2024. POL became the gas and staking token on Polygon PoS, and most exchanges converted MATIC balances and markets to POL. MATIC price history is usually treated as the earlier chapter of POL's chart.
Yes, POL has a set annual emission that rewards validators and funds a community treasury. This adds new supply each year, unlike MATIC, which had a fixed cap. The emission rate can be changed through Polygon governance, so supply policy is worth following.
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Polygon ecosystem news, Ethereum scaling sentiment and broad altcoin moves drive POL perps. Partnerships in payments and tokenised assets have drawn attention to the network. Rising open interest during a rally shows leverage building, which can unwind quickly if the move fades.
POL perpetual futures are derivatives contracts that track the price of POL and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any POL.
Funding is a payment between longs and shorts. When POL perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology