Funding you earn now, next payment 21:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.187%
Price spread now: Coinbase International against Lighter−0.427%7-day average −0.441% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.558%−$56 on $10k
+Price spread, last 3 days (all we have)−1.532%−$153 · spread now −0.427%, 7d avg −0.441%
=Together, before fees−2.090%+ Points / potential airdropLighter: Season 3 · farm board−$209 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.441%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1116 | 0.0096 | pay 0.0012% / 1h | 36m 27s | $312K | $559K | 8x |
| Short | Coinbase International POL-PERP-INTX | 0.1111 | −0.0080 | pay 0.0010% / 1h | 36m 27s | $202K | $254K | 50x |
Lighter POL
Coinbase International POL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$36.96
- Price spread: −0.427% → −0.441%
- $1.4
- Slippage, 4 orders
- −$58.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$103.7
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 47 min ago; Coinbase International: live order book, 51 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, 47 min ago | 6.23 bp | 6.3 bp −$6 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 51 min ago | 8.94 bp | 38.1 bp −$38 | doesn't fit | 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 | −0.0154% | 1h | 0.1113 | −0.247% | $197K | $661K | 50x | as long as short |
| Coinbase International POL-PERP-INTXshort | −0.0080% | 1h | 0.1111 | −0.427% | $202K | $254K | 50x | |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1116 | +0.007% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0036% | 4h | 0.1116 | +0.004% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1115 | −0.044% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1116 | +0.018% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1116 | +0.039% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.427% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0064% | 4h | 0.1112 | −0.364% | $1.1M | $3.5M | 10x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1116 | long leg | $312K | $559K | 8x |
ApeX Omni POLUSDT
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
GRVT POL_USDT_PerpShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0098% | 4h | 0.1115 | −0.041% | $5.8M | $12.1M | 50x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1118 | +0.183% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1116 | +0.006% | $371K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1115 | −0.031% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1115 | −0.032% | $16.1M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1115 | −0.059% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1115 | −0.023% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1116 | −0.014% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1115 | −0.023% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1115 | −0.059% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1111 | −0.399% | $657K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1116 | −0.012% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1114 | −0.149% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1116 | +0.051% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1115 | −0.023% | $905K | $168K | 75x | as long as short |
OKX POL-USDT-SWAP
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT