Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: Extended against Lighter−0.031%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.255%−$26 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.031%, 7d avg −0.080%
=Together, before fees−0.340%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$34 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: Extended is 0.049% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1112 | 0.0096 | pay 0.0012% / 1h | 46m 22s | $310K | $559K | 8x |
| Short | Extended POL-USD | 0.1111 | 0.0104 | get 0.0013% / 1h | 46m 22s | $93K | $437K | 10x |
Lighter POL
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.031% → −0.080%
- $4.91
- Slippage, 4 orders
- −$42.44
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$40.85
- Costs to cover
- 0.474%
- Break-even
- 177.2 days
Slippage from Lighter: live order book, 37 min ago; Extended: live order book, 41 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, 37 min ago | 6.23 bp | 6.3 bp −$6 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell Extended live order book, 41 min ago | 1.79 bp | 15.5 bp −$15 | 148.8 bp −$1,488 | 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 | −0.0462% | 1h | 0.1113 | +0.131% | $197K | $660K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0080% | 1h | 0.1111 | −0.049% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1112 | +0.066% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0044% | 4h | 0.1111 | −0.040% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1111 | −0.046% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1112 | +0.062% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0007% | 1h | 0.1113 | +0.148% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.049% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0034% | 4h | 0.1112 | +0.039% | $1.1M | $3.5M | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.0083% | 4h | 0.1111 | −0.031% | $5.7M | $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 | 0.1112 | long leg | $310K | $559K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1113 | +0.140% | $7.5M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1112 | +0.074% | $370K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1111 | −0.047% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1110 | −0.094% | $16.0M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1111 | −0.085% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1111 | −0.040% | $23.3M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1111 | −0.022% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1111 | −0.013% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1111 | −0.040% | — | $7.3M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1112 | −0.003% | $657K | $230K | — | as long as short |
| Extended POL-USDshort | +0.0104% | 1h | 0.1111 | −0.031% | $93K | $437K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1110 | −0.094% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1112 | +0.020% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1112 | +0.041% | $905K | $168K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT