Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%

Price spread now: Lighter against Binance+0.030%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.030%, 7d avg +0.052%

Together, before fees+0.297%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1112	0.0100	pay 0.0050% / 4h	2h 50m	$17.0M	$52.3M	75x
Short	Lighter POL	0.1112	0.0096	get 0.0012% / 1h	50m 47s	$311K	$559K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$0.84
Price spread: +0.030% → +0.052%: −$2.17
Slippage, 4 orders: −$26.89
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.9
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Lighter: live order book, 33 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 Binance live order book, 6 min ago	0.45 bp	10.1 bp −$10	22.0 bp −$220	170.6 bp −$17.1K	doesn't fit
Sell Lighter live order book, 33 min ago	6.23 bp	9.8 bp −$10	57.7 bp −$577	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
ApeX Omni POLUSDT	−0.0185%	1h	0.1113	+0.092%	$197K	$660K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1111	−0.088%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1113	+0.049%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0045%	4h	0.1112	−0.016%	$11K	$212K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1112	−0.002%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1113	+0.095%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0010%	1h	0.1113	+0.109%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	+0.092%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0068%	4h	0.1116	+0.339%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0084%	4h	0.1112	−0.016%	$5.7M	$12.2M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POLshort	+0.0096%	1h	0.1112	+0.030%	$311K	$559K	8x
Hyperliquid POL	+0.0100%	1h	0.1114	+0.164%	$7.5M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1113	+0.104%	$370K	$383K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1112	long leg	$17.0M	$52.3M	75x
Bybit POLUSDT	+0.0100%	4h	0.1112	−0.034%	$16.0M	$16.5M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1113	+0.092%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1112	+0.002%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1113	+0.056%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1112	+0.002%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1112	+0.038%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1114	+0.155%	$658K	$260K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1112	−0.017%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1111	−0.091%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1113	+0.063%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1112	+0.029%	$904K	$168K	75x	as long as short