Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against Bybit+0.106%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.106%, 7d avg +0.084%
=Together, before fees+0.066%+ Points / potential airdropLighter: Season 3 · farm board+$7 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% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1123 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $16.2M | $15.6M | 75x |
| Short | Lighter POL | 0.1124 | 0.0096 | get 0.0012% / 1h | 12m 29s | $300K | $577K | 8x |
Bybit POLUSDT
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.106% → +0.084%
- $2.19
- Slippage, 4 orders
- −$33.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$43.37
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Lighter: live order book, 63 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 Bybit live order book, 1 min ago | 0.45 bp | 13.2 bp −$13 | 34.4 bp −$344 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 63 min ago | 6.24 bp | 10.7 bp −$11 | 74.1 bp −$741 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.033% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1125 | +0.214% | $206K | $237K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1124 | +0.100% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0012% | 4h | 0.1123 | +0.053% | $11K | $197K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1123 | +0.044% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1124 | +0.122% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0014% | 1h | 0.1124 | +0.123% | $17K | $3K | 5x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1124 | +0.106% | $300K | $577K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1123 | +0.073% | $376K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1123 | +0.072% | $17.4M | $51.1M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDTlong | +0.0100% | 4h | 0.1123 | long leg | $16.2M | $15.6M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1123 | +0.062% | $5.8M | $12.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1124 | +0.116% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1123 | +0.071% | $23.7M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | +0.045% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1124 | +0.089% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1123 | +0.027% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1125 | +0.192% | $664K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | +0.264% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1125 | +0.214% | $199K | $659K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1123 | +0.051% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1122 | −0.095% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1124 | +0.123% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0233% | 1h | 0.1126 | +0.285% | $7.6M | $4.6M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1125 | +0.241% | $915K | $170K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT