POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.209%

Price spread now: dYdX against Lighter+0.118%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. dYdX is 0.118% dearer against Lighter than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

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 37s	$280K	$540K	8x
Short	dYdX POL-USD	0.1102	0	get 0.0000% / 1h	58m 37s	$17K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$20.16
Price spread: +0.118% → 0.000%: $11.81
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 52 min ago; dYdX: no order-book sample. 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 Lighter live order book, 52 min ago	5.88 bp	7.1 bp −$7	52.9 bp −$529	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.1101	+0.055%	$202K	$198K	50x	as long as short
Gate POL_USDT	−0.0476%	4h	0.1100	−0.055%	$1.8M	$1.3M	75x	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	−0.045%	$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-USDshort	0.0000%	1h	0.1102	+0.118%	$17K	$2K	5x
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

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1102	+0.145%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.009%	$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	0.000%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1100	−0.009%	$24.7M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	+0.091%	$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 POLUSDT	+0.0100%	1h	0.1102	+0.145%	$195K	$638K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	−0.044%	$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