Live data
Polygon (MATIC) perpetual futures
Live funding rates, open interest, and measured trade costs for Polygon. 28 venues in the PerpFinder venue map list MATIC perps.
At a glance
This MATIC funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists MATIC.
- Highest annualized funding
- 0.00%dYdX
- Lowest annualized funding
- 0.00%Hyperliquid
More
The highest listed annualized funding rate is 0.00% on dYdX, and the lowest is 0.00% on Hyperliquid.
0 of 2 listed venues report open interest for MATIC, so there is no executable spread.
The MATIC price in this snapshot comes from Hyperliquid at $0.3762.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
dYdXDEX
HyperliquidDEXOpen interest
Per-exchange open interest
No venue in this snapshot reports open interest
Long/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. MATIC is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Polygon (MATIC) Perpetual Futures
27 of the 28 venues that list MATIC perps have a PerpFinder review page. The table compares fees, leverage, and features for those 27.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | MATIC → | |
| 0.010% | 0.050% | 50x | 9.0 | MATIC → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | MATIC → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | MATIC → | ||
| 0.010% | 0.035% | 50x | 8.0 | MATIC → | |
| 0.020% | 0.050% | 100x | 8.0 | MATIC → | |
| 0.010% | 0.020% | 100x | 7.8 | MATIC → | |
| Free | 0.030% | 50x | 7.8 | MATIC → | |
| -0.010% | 0.017% | 1000x | 7.8 | MATIC → | |
| 0.050% | 0.080% | 20x | 7.5 | MATIC → | |
| Free | 0.040% | 100x | 7.5 | MATIC → | |
| 0.012% | 0.038% | 100x | 7.5 | MATIC → | |
| Free | 0.000% | 50x | 7.5 | MATIC → | |
| Free | 0.000% | 50x | 7.5 | MATIC → | |
| 0.03% when opening and again when closing; Regular Tier 0 fee for each executed position increase or decrease. Volume tiers can lower it. Price impact and funding are separate. | 100x | 7.5 | MATIC → | ||
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | MATIC → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | MATIC → | ||
| Free | 0.025% | 100x | 7.0 | MATIC → | |
| -0.000% | 0.045% | 50x | 7.0 | MATIC → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | MATIC → | ||
| 0.020% | 0.050% | 100x | 6.5 | MATIC → | |
| 0.020% | 0.050% | 50x | 6.5 | MATIC → | |
| 0.015% | 0.040% | 50x | 6.5 | MATIC → | |
| 0.010% | 0.040% | 40x | 6.5 | MATIC → | |
| Free | 0.045% | 50x | 6.5 | MATIC → | |
| 0.010% | 0.035% | 100x | 6.0 | MATIC → | |
| 0.020% | 0.050% | 100x | 6.0 | MATIC → | |
Market Overview
MATIC perps — still trading under the MATIC ticker on most venues despite the network's rebranding to Polygon — carry the legacy of Ethereum's dominant sidechain era and now trade as a proxy for the Polygon CDK and AggLayer vision of ZK-based chain aggregation. The funding profile has shifted over the past 18 months from a high-beta ETH-sidechain bet to something closer to a modular infrastructure narrative.
Venue split and liquidity character
MATIC perps are available on Binance, Bybit, OKX, and most major CEX platforms. Hyperliquid lists MATIC with mid-tier depth relative to its market cap, consistent with the asset's reduced retail heat since the 2021 peak. DEX venues hold a small fraction of total MATIC perp OI. Coinalyze's MATIC open interest data shows OI concentrated on Binance and Bybit, with both venues typically within 5% of each other on funding rates.
The ticker migration from MATIC to POL is underway on-chain but lagging on perp venues. Traders should confirm the ticker on each venue before opening positions to avoid confusion.
Funding dynamics and the CDK narrative
MATIC funding tracks the ZK rollup narrative closely. When Polygon CDK chain launches accelerate, or when AggLayer integrations are announced, OI builds and funding turns positive for 3-7 days. The market prices a roadmap announcement quickly, so the funding move it causes ends sooner than a speculative one.
The asset's correlation with ETH is high on a daily basis but weakens during ecosystem-specific news cycles. When Ethereum undergoes a major upgrade, MATIC frequently lags ETH in the first 24 hours then catches up or overshoots.
Key risk factors
MATIC carries token migration risk from the MATIC-to-POL transition. The migration mechanism is well-documented in Polygon's technical docs, but any execution friction or exchange-specific delays in recognizing POL could create temporary price dislocations between spot and perp. Monitor the cost comparison tool for spread anomalies around migration milestones. Check the broader L1 picture at /perps.
Trading Tips for Polygon Perps
MATIC trades in a trio with ARB and OP as L2 tokens. When Ethereum gas fees spike, all three tend to rally as users migrate to L2s. Monitor Ethereum base fees as a leading indicator for L2 token momentum.
Frequently Asked Questions — Polygon (MATIC)
What is the current MATIC perpetual futures funding rate?
The live Polygon (MATIC) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists MATIC perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest MATIC perp trading fees?
Among 21 tracked MATIC venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. Lighter lists 0.000%. 6 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Polygon open interest compare across exchanges?
The Polygon (MATIC) open-interest chart shows the total value of outstanding MATIC derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the MATIC long/short ratio indicate?
The Polygon long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade MATIC perpetual futures?
Polygon (MATIC) perps are listed on 27 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 22 more. The "Where to Trade Polygon (MATIC) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Layer 2 · Data updates every 2 minutes · All rates shown are annualized