COIN: Coinbase Perps

COIN is a perpetual futures contract on Polymarket that tracks the price of Coinbase (COIN). It lets you go long or short on COIN using pUSD as collateral, with no expiry date, so you can hold your position as long as you want. Right now, COIN is trading at $173.12, down 3.23% in the last 24 hours.

You can trade COIN with up to 10x leverage on Polymarket. The default margin mode is Isolated. For example, with 10x leverage and a $1,000 position, you're controlling $10,000.00 worth of COIN. Higher leverage amplifies both gains and losses, and at current settings, a 10x long position would have a liquidation price around $164.25.

COIN uses two prices. The oracle price (173.12) reflects Coinbase's real-time stock price from external data feeds. The mark price (173.38) is Polymarket's calculated fair value used for P&L and liquidations. Right now, the spread between mark and oracle is just $0.26 (0.15%), which means the contract is tracking COIN's spot price very closely. A funding rate of 0.0035% is applied every funding cycle to keep these prices aligned.

Yes. On the COIN trading page, select Short at the top of the order panel, set your amount and leverage (up to 10x), and hit Trade. You'll profit when COIN's price drops.

In the last 24 hours, COIN has done $43,069.10 in trading volume with $98,072.43 in open interest. The order book is currently showing $43,069.10 in total volume. You can view the full order book depth directly on the COIN page by expanding the Order book section.