Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.27 per $10,000 · paid last 24h +0.083%
Price spread now: Lighter against Kraken Futures+0.049%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days+0.365%+$37 on $10k
+Price spread, last 4 days (all we have)+0.669%+$67 · spread now +0.049%, 7d avg 0.000%
=Together, before fees+1.034%+ Points / potential airdropLighter: Season 3 · farm board+$103 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.048% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.365%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POLUSD | 0.1094 | 0.0316 | pay 0.0039% / 1h | 46m 58s | $1.2M | $1.2M | 50x |
| Short | Lighter POL | 0.1094 | 0.0096 | get 0.0012% / 1h | 46m 58s | $278K | $553K | 8x |
Kraken Futures PF_POLUSD
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$46.15
- Price spread: +0.049% → 0.000%
- $4.82
- Slippage, 4 orders
- −$47.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.98
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Lighter: live order book, 3 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 Kraken Futures live order book, 1 min ago | 10.51 bp | 16.9 bp −$17 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 5.88 bp | 8.6 bp −$9 | 68.5 bp −$685 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0520% | 1h | 0.1093 | −0.048% | $201K | $196K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1094 | +0.063% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1095 | +0.125% | $17K | $2K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1095 | +0.139% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.598% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0039% | 4h | 0.1094 | +0.025% | $11K | $264K | 20x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1094 | +0.049% | $278K | $553K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1095 | +0.142% | $364K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1094 | +0.013% | $17.0M | $42.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1093 | −0.048% | $15.7M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1094 | −0.003% | $5.6M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1094 | +0.016% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1095 | +0.116% | $24.2M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1095 | +0.116% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1094 | +0.070% | $4.1M | $4.7M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1095 | +0.116% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1096 | +0.268% | $607K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1095 | +0.153% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1096 | +0.226% | $194K | $634K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1094 | +0.055% | $94K | $453K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1092 | −0.171% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0175% | 1h | 0.1097 | +0.281% | $7.4M | $3.7M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1095 | +0.121% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSDlong | +0.0316% | 1h | 0.1094 | long leg | $1.2M | $1.2M | 50x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1095 | +0.135% | $909K | $167K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT