Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: ApeX Omni against Lighter+0.145%48s7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.145%, 7d avg −0.034%
=Together, before fees−0.220%+ Points / potential airdropLighter: Season 3 · farm board−$22 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: ApeX Omni is 0.179% dearer against Lighter than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1100 | 0.0096 | pay 0.0012% / 1h | 58m 51s | $280K | $540K | 8x |
| Short | ApeX Omni POLUSDT | 0.1102 | 0.0100 | get 0.0013% / 1h | 58m 51s | $195K | $638K | 50x |
Lighter POL
ApeX Omni POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- $0.84
- Price spread: +0.145% → −0.034%
- $17.94
- Slippage, 4 orders
- −$50.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$41.43
- Costs to cover
- 0.602%
- Break-even
- 352.2 days
Slippage from Lighter: live order book, 51 min ago; ApeX Omni: live order book, 59 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 Lighter live order book, 51 min ago | 5.88 bp | 7.1 bp −$7 | 52.9 bp −$529 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 59 min ago | 13.68 bp | 21.8 bp −$22 | 116.3 bp −$1,163 | 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 | −0.0512% | 1h | 0.1101 | +0.055% | $202K | $198K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1101 | +0.084% | $1.2M | $1.2M | 50x | as long as short |
| Bybit POLUSDT | −0.0061% | 4h | 0.1100 | −0.036% | $15.8M | $11.7M | 75x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | +0.029% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1102 | +0.118% | $17K | $2K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | +0.118% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.963% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0042% | 4h | 0.1101 | +0.027% | $11K | $245K | 20x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1100 | long leg | $280K | $540K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1102 | +0.145% | $7.5M | $3.7M | 5x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Bybit POLUSDT
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Hyperliquid POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster POLUSDT | +0.0100% | 4h | 0.1100 | −0.008% | $365K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1100 | −0.018% | $17.0M | $41.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1100 | −0.018% | $5.7M | $10.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1100 | −0.036% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1100 | −0.027% | $24.7M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1101 | +0.082% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1100 | −0.045% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1101 | +0.027% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1102 | +0.123% | $610K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1102 | +0.137% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDTshort | +0.0100% | 1h | 0.1102 | +0.145% | $195K | $638K | 50x | |
| Extended POL-USD | +0.0104% | 1h | 0.1100 | −0.079% | $92K | $454K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1099 | −0.111% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1101 | +0.086% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1101 | +0.055% | $911K | $169K | 75x | as long as short |
Aster POLUSDT
Binance POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT