POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter against GMX−0.096%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.096% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1095	L +0.0210% / S −0.0388%	pay 0.0026% / 1h	10m 33s	$3K	—	100x
Short	Lighter POL	0.1094	0.0096	get 0.0012% / 1h	10m 33s	$278K	$541K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$23.87
Price spread: −0.096% → 0.000%: −$9.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.46
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 35 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 35 min ago	5.44 bp	8.4 bp −$8	75.1 bp −$751	doesn't fit	doesn't fit

GMX: 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
Coinbase International POL-PERP-INTX	−0.0512%	1h	0.1093	−0.204%	$201K	$199K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1095	−0.056%	$1.2M	$1.2M	50x	as long as short
Gate POL_USDT	−0.0052%	4h	0.1094	−0.149%	$1.8M	$1.4M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.165%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1095	−0.042%	$12K	—	150x	as long as short
dYdX POL-USD	+0.0024%	1h	0.1096	+0.050%	$17K	$2K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.440%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1095	−0.039%	$11K	$584K	20x	as long as short
Lighter POLshort	+0.0096%	1h	0.1094	−0.096%	$278K	$541K	8x
Hyperliquid POL	+0.0100%	1h	0.1095	+0.006%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1095	−0.002%	$364K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1094	−0.139%	$16.8M	$40.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−0.176%	$15.7M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1094	−0.131%	$5.7M	$9.8M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1094	−0.149%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1095	−0.067%	$2.9M	$965K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	−0.030%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1094	−0.103%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	−0.117%	$606K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	+0.006%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	+0.162%	$195K	$633K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1094	−0.143%	$96K	$275K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1094	−0.158%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0210% / S −0.0388%	1h	0.1095	long leg	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1095	−0.003%	$902K	$164K	75x	as long as short