POL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h −0.370%

Price spread now: Lighter against dYdX−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.030% cheaper against dYdX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 31 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1127	0.0018	pay 0.0002% / 1h	14m 14s	$17K	$4K	5x
Short	Lighter POL	0.1126	0.0096	get 0.0012% / 1h	14m 14s	$294K	$585K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now −0.030%Rate

Funding earned: $16.39
Price spread: −0.030% → 0.000%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.38
Costs to cover: 0.100%
Break-even: 5.6 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 51 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 51 min ago	4.78 bp	9.4 bp −$9	66.8 bp −$668	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_POLUSD	−0.0238%	1h	0.1127	+0.003%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.960%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1125	−0.177%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1126	−0.080%	$24K	—	150x	as long as short
dYdX POL-USDlong	+0.0018%	1h	0.1127	long leg	$17K	$4K	5x
Orderly PERP_POL_USDC	+0.0024%	4h	0.1125	−0.135%	$11K	$162K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.404%	$3K	$124K	12x	as long as short
Lighter POLshort	+0.0096%	1h	0.1126	−0.030%	$294K	$585K	8x
Aster POLUSDT	+0.0100%	4h	0.1126	−0.104%	$374K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	−0.046%	$17.3M	$44.1M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1126	−0.064%	$16.2M	$12.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1126	−0.055%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1125	−0.161%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1127	−0.019%	$24.4M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1126	−0.082%	$3.0M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	−0.090%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1125	−0.126%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.159%	$623K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1124	−0.281%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	−0.428%	$199K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1125	−0.148%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	−0.250%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0175%	1h	0.1127	+0.051%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1126	−0.093%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	−0.028%	$912K	$161K	75x	as long as short