Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%
Price spread now: Binance against Lighter+0.027%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.251%−$25 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.027%, 7d avg −0.052%
=Together, before fees−0.328%+ Points / potential airdropLighter: Season 3 · farm board−$33 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: Binance is 0.078% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1113 | 0.0096 | pay 0.0012% / 1h | 38m 28s | $311K | $559K | 8x |
| Short | Binance POLUSDT | 0.1114 | 0.0100 | get 0.0050% / 4h | 2h 38m | $17.0M | $51.9M | 75x |
Lighter POL
Binance POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +0.027% → −0.052%
- $7.85
- Slippage, 4 orders
- −$31.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.88
- Costs to cover
- 0.416%
- Break-even
- 281.0 days
Slippage from Lighter: live order book, 45 min ago; Binance: live order book, 4 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, 45 min ago | 6.23 bp | 6.3 bp −$6 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.45 bp | 12.9 bp −$13 | 29.8 bp −$298 | 137.3 bp −$13.7K | 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 | −0.0154% | 1h | 0.1113 | −0.018% | $197K | $661K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0080% | 1h | 0.1111 | −0.198% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1113 | −0.049% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0039% | 4h | 0.1114 | +0.045% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1113 | −0.005% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1114 | +0.092% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1112 | −0.086% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.198% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0064% | 4h | 0.1112 | −0.135% | $1.1M | $3.5M | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.0096% | 4h | 0.1114 | +0.036% | $5.8M | $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 POLlong | +0.0096% | 1h | 0.1113 | long leg | $311K | $559K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1116 | +0.216% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1114 | +0.062% | $370K | $383K | 20x | as long as short |
| Binance POLUSDTshort | +0.0100% | 4h | 0.1114 | +0.027% | $17.0M | $51.9M | 75x | |
| Bybit POLUSDT | +0.0100% | 4h | 0.1113 | −0.027% | $16.0M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1112 | −0.108% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1113 | 0.000% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1113 | −0.027% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1113 | +0.009% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1113 | +0.018% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1111 | −0.170% | $657K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1114 | +0.031% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1113 | −0.063% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1114 | +0.101% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1113 | −0.045% | $903K | $167K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT