diff --git a/packages/indexer-agent/src/db/migrations/12-add-protocol-network-field-cost-model.ts b/packages/indexer-agent/src/db/migrations/12-add-protocol-network-field-cost-model.ts
new file mode 100644
index 000000000..ec0ff924d
--- /dev/null
+++ b/packages/indexer-agent/src/db/migrations/12-add-protocol-network-field-cost-model.ts
@@ -0,0 +1,61 @@
+import { Logger } from '@graphprotocol/common-ts'
+import { caip2IdRegex } from '@graphprotocol/indexer-common'
+import { DataTypes, QueryInterface } from 'sequelize'
+
+interface MigrationContext {
+  queryInterface: QueryInterface
+  logger: Logger
+}
+
+interface Context {
+  context: MigrationContext
+}
+
+export async function up({ context }: Context): Promise<void> {
+  const { queryInterface, logger } = context
+
+  logger.debug(`Checking if 'CostModel' table exists`)
+  const tables = await queryInterface.showAllTables()
+  if (!tables.includes('CostModel')) {
+    logger.info(`Indexing rules table does not exist, migration not necessary`)
+    return
+  }
+
+  logger.debug(`Checking if 'CostModel' table needs to be migrated`)
+  const table = await queryInterface.describeTable('CostModel')
+  const protocolNetwork = table.protocolNetwork
+  if (protocolNetwork) {
+    logger.info(
+      `'protocolNetwork' column already exist, migration not necessary`,
+    )
+    return
+  }
+
+  logger.info(`Add 'protocolNetwork' column to 'CostModel' table`)
+  await queryInterface.addColumn('CostModel', 'protocolNetwork', {
+    type: DataTypes.STRING,
+    allowNull: false,
+    validate: {
+      is: caip2IdRegex,
+    },
+  })
+}
+
+export async function down({ context }: Context): Promise<void> {
+  const { queryInterface, logger } = context
+
+  return await queryInterface.sequelize.transaction({}, async transaction => {
+    const tables = await queryInterface.showAllTables()
+
+    if (tables.includes('CostModel')) {
+      logger.info(`Remove 'protocolNetwork' column`)
+      await context.queryInterface.removeColumn(
+        'CostModel',
+        'protocolNetwork',
+        {
+          transaction,
+        },
+      )
+    }
+  })
+}