Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against Extended+0.048%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days+0.255%+$26 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.048%, 7d avg +0.080%
=Together, before fees+0.323%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$32 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 0.033% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POL-USD | 0.1111 | 0.0104 | pay 0.0013% / 1h | 46m 01s | $93K | $437K | 10x |
| Short | Lighter POL | 0.1111 | 0.0096 | get 0.0012% / 1h | 46m 01s | $310K | $559K | 8x |
Extended POL-USD
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.048% → +0.080%
- −$3.28
- Slippage, 4 orders
- −$42.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.4
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Extended: live order book, 41 min ago; Lighter: live order book, 38 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 Extended live order book, 41 min ago | 1.79 bp | 15.9 bp −$16 | 230.4 bp −$2,304 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 38 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 | +0.188% | $197K | $660K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0080% | 1h | 0.1111 | +0.008% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1112 | +0.091% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0044% | 4h | 0.1111 | +0.017% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1111 | +0.010% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1112 | +0.119% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0007% | 1h | 0.1113 | +0.205% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.008% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0034% | 4h | 0.1112 | +0.095% | $1.1M | $3.5M | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.0083% | 4h | 0.1111 | +0.035% | $5.7M | $12.1M | 50x | as long as short |
ApeX Omni POLUSDT
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
GRVT POL_USDT_Perp
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter POLshort | +0.0096% | 1h | 0.1111 | +0.048% | $310K | $559K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1113 | +0.170% | $7.5M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1112 | +0.105% | $370K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1112 | +0.062% | $17.0M | $52.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1111 | +0.008% | $16.0M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1110 | −0.046% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1111 | +0.008% | $23.3M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1111 | +0.035% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1111 | −0.001% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1111 | −0.001% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1112 | +0.054% | $657K | $230K | — | as long as short |
| Extended POL-USDlong | +0.0104% | 1h | 0.1111 | long leg | $93K | $437K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1110 | −0.105% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1112 | +0.077% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1112 | +0.098% | $905K | $168K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT