Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.032%
Price spread now: Injective against Lighter−0.422%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.531%−$153 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.422% cheaper against Lighter than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | 37m 21s | $312K | $559K | 8x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 37m 21s | $3K | $124K | 12x |
Lighter POL
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −0.422% → 0.000%
- −$42.22
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$55.4
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 46 min ago; Injective: live order book, 7 min ago. 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, 46 min ago | 6.23 bp | 6.3 bp −$6 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell Injective live order book, 7 min ago | 67.72 bp | doesn't fit | 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 | −0.243% | $197K | $661K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0080% | 1h | 0.1111 | −0.422% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1116 | +0.012% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0037% | 4h | 0.1116 | −0.010% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1116 | −0.015% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1116 | +0.058% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1115 | −0.086% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | −0.422% | $3K | $124K | 12x | |
| GRVT POL_USDT_Perp | +0.0064% | 4h | 0.1112 | −0.359% | $1.1M | $3.5M | 10x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1116 | long leg | $312K | $559K | 8x |
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
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 | 0.1116 | −0.010% | $5.8M | $12.1M | 50x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1118 | +0.210% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1115 | −0.057% | $371K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1116 | −0.001% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1115 | −0.064% | $16.0M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1115 | −0.099% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1115 | −0.019% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1115 | −0.064% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1116 | −0.010% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1115 | −0.064% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1111 | −0.395% | $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 | −0.144% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1116 | +0.063% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1113 | −0.270% | $903K | $167K | 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