Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.055%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$530.526% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.106%+$11 on $10k
Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.055%, 7d avg +0.043%
Together, before fees+0.199%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11010.0100pay 0.0050% / 4h1h 44m$4.2M$4.7M50x
ShortLighter POL0.11020.0096get 0.0012% / 1h44m 30s$285K$564K8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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

Funding earned
−$0.84
Price spread: +0.055% → +0.043%
$1.23
Slippage, 4 orders
−$40.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$52.2
Costs to cover
0.526%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago3.18 bp15.9 bp −$1623.6 bp −$236doesn't fitdoesn't fit
Sell Lighter live order book, 11 min ago7.85 bp13.4 bp −$1363.8 bp −$638doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0464%1h0.1098−0.318%$202K$201K50xas long as short
ApeX Omni POLUSDT−0.0133%1h0.1101−0.045%$195K$635K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1101−0.067%$3Kas long as short
dYdX POL-USD0.0000%1h0.1101−0.033%$17K$1K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1101−0.005%$24K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+0.862%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0044%4h0.1101−0.064%$11K$299K20xas long as short
Lighter POLshort+0.0096%1h0.1102+0.055%$285K$564K8x
Aster POLUSDT+0.0100%4h0.11010.000%$366K$269K20xas long as short
Binance POLUSDT+0.0100%4h0.1101−0.056%$17.1M$42.2M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDT+0.0100%4h0.1100−0.118%$15.9M$11.9M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1100−0.091%$5.7M$10.0M50xas long as short
Gate POL_USDT+0.0100%4h0.1101−0.064%$1.8M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1101−0.027%$23.8M$3.5M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1101−0.018%$2.9M$968K50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1101long leg$4.2M$4.7M50x
BingX POL-USDC+0.0100%4h0.1101−0.054%$1.7Mas long as short
Variational Omni POL+0.0100%4h0.1100−0.095%$609K$209Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1100−0.103%$1.1M$2.7M10xas long as short
Extended POL-USD+0.0104%1h0.1101−0.056%$92K$448K10xas long as short
Aevo POL-PERP+0.0104%1h0.1100−0.136%$40K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1101−0.027%$3K100xas long as short
Hyperliquid POL+0.0224%1h0.1103+0.109%$7.4M$3.7M5xas long as short
Kraken Futures PF_POLUSD+0.0260%1h0.1102+0.070%$1.2M$1.2M50xas long as short
BloFin POL-USDT+0.0340%4h0.1101−0.027%$911K$161K75xas long as short