POL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.187%

Price spread now: Lighter against Coinbase International+0.064%7-day average +0.441% · 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−$106as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.558%+$56 on $10k

Price spread, last 3 days (all we have)+1.895%+$189 · spread now +0.064%, 7d avg +0.441%

Together, before fees+2.452%+ Points / potential airdropLighter: Season 3 · farm board+$245 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.377% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.064% now, against its 7-day average of +0.441%). If the spread goes back, that is −$38 on $10k: about 7.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1111	−0.0080	get 0.0010% / 1h	47m 08s	$202K	$254K	50x
Short	Lighter POL	0.1112	0.0096	get 0.0012% / 1h	47m 08s	$311K	$559K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.064%Rate

Funding earned: $36.96
Price spread: +0.064% → +0.441%: −$37.67
Slippage, 4 orders: −$58.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$68.86
Costs to cover: 0.681%
Break-even: 20.0 days

Slippage from Coinbase International: live order book, 40 min ago; Lighter: live order book, 37 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 Coinbase International live order book, 40 min ago	8.94 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 37 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	−0.0462%	1h	0.1113	+0.180%	$197K	$660K	50x	as long as short
Coinbase International POL-PERP-INTXlong	−0.0080%	1h	0.1111	long leg	$202K	$254K	50x
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1112	+0.115%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0045%	4h	0.1112	+0.054%	$11K	$210K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1111	+0.030%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1113	+0.135%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0007%	1h	0.1113	+0.197%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	0.000%	$3K	$124K	12x	as long as short
GRVT POL_USDT_Perp	+0.0034%	4h	0.1112	+0.087%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0084%	4h	0.1111	+0.027%	$5.7M	$12.1M	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	+0.064%	$311K	$559K	8x
Hyperliquid POL	+0.0100%	1h	0.1113	+0.216%	$7.5M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1113	+0.139%	$370K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1111	+0.036%	$17.0M	$52.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1111	−0.009%	$16.0M	$16.4M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1111	−0.018%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1111	+0.045%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1111	+0.027%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1111	+0.036%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1111	+0.045%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1112	+0.046%	$657K	$230K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1111	+0.035%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1110	−0.045%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1112	+0.120%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1112	+0.090%	$905K	$168K	75x	as long as short