POL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against ApeX Omni+0.114%48s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.528% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.114%, 7d avg +0.034%

Together, before fees−0.046%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.081% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1084	0.0074	pay 0.0009% / 1h	22m 23s	$192K	$628K	50x
Short	Lighter POL	0.1085	0.0096	get 0.0012% / 1h	22m 23s	$276K	$542K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.114%Rate

Funding earned: $4.64
Price spread: +0.114% → +0.034%: $8.06
Slippage, 4 orders: −$42.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.11
Costs to cover: 0.528%
Break-even: 67.6 days

Slippage from ApeX Omni: live order book, 26 min ago; Lighter: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 26 min ago	9.17 bp	18.8 bp −$19	115.4 bp −$1,154	doesn't fit	doesn't fit
Sell Lighter live order book, 18 min ago	2.67 bp	12.7 bp −$13	66.6 bp −$666	doesn't fit	doesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International POL-PERP-INTX	−0.0480%	1h	0.1081	−0.277%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0222%	4h	0.1085	+0.065%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1085	+0.070%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1086	+0.213%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1085	+0.137%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1087	+0.283%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.491%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0037%	4h	0.1087	+0.240%	$11K	$968K	20x	as long as short
ApeX Omni POLUSDTlong	+0.0074%	1h	0.1084	long leg	$192K	$628K	50x
Lighter POLshort	+0.0096%	1h	0.1085	+0.114%	$276K	$542K	8x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0099%	4h	0.1087	+0.240%	$5.6M	$9.5M	50x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1088	+0.378%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1086	+0.217%	$360K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1086	+0.221%	$16.6M	$38.2M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1086	+0.194%	$15.6M	$10.5M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1086	+0.231%	$24.5M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1086	+0.175%	$2.9M	$940K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1086	+0.231%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1086	+0.203%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1083	−0.072%	$600K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	+0.102%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1086	+0.149%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1083	−0.092%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1087	+0.285%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1085	+0.138%	$893K	$159K	75x	as long as short