Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.071%
Price spread now: Orderly against Lighter−0.024%7-day average −0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.631%−$63 on $10k
+Price spread, last 4 days (all we have)−0.841%−$84 · spread now −0.024%, 7d avg −0.088%
=Together, before fees−1.472%+ Points / potential airdropLighter: Season 3 · farm board−$147 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.063% dearer against Lighter than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.088%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.631% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1102 | 0.0096 | pay 0.0012% / 1h | 3m 02s | $280K | $555K | 8x |
| Short | Orderly PERP_POL_USDC | 0.1102 | 0.0040 | get 0.0020% / 4h | 3m 02s | $11K | $247K | 20x |
Lighter POL
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$11.78
- Price spread: −0.024% → −0.088%
- $6.31
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.47
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 47 min ago; Orderly: 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, 47 min ago | 5.88 bp | 7.1 bp −$7 | 52.9 bp −$529 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0520% | 1h | 0.1099 | −0.297% | $202K | $196K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1102 | −0.036% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1103 | +0.048% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.792% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0040% | 4h | 0.1102 | −0.024% | $11K | $247K | 20x | |
| Lighter POLlong | +0.0096% | 1h | 0.1102 | long leg | $280K | $555K | 8x | |
| Gate POL_USDT | +0.0096% | 4h | 0.1100 | −0.224% | $1.8M | $1.3M | 75x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | −0.062% | $366K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1102 | 0.000% | $17.1M | $41.5M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1101 | −0.088% | $15.8M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Gate POL_USDT
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1102 | −0.043% | $5.7M | $10.1M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1102 | −0.015% | $24.7M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | −0.052% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | −0.043% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1102 | −0.052% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1099 | −0.264% | $609K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1101 | −0.093% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1101 | −0.115% | $195K | $638K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1102 | −0.019% | $92K | $454K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1101 | −0.149% | $40K | — | 3x | as long as short |
| dYdX POL-USD | +0.0114% | 1h | 0.1101 | −0.160% | $17K | $2K | 5x | as long as short |
| Hyperliquid POL | +0.0123% | 1h | 0.1104 | +0.130% | $7.5M | $3.7M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1103 | +0.063% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0313% | 1h | 0.1103 | +0.027% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1100 | −0.242% | $910K | $169K | 75x | as long as short |
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
dYdX POL-USD
Hyperliquid POL
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT