POL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.028%

Price spread now: Reya against Lighter−0.171%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.171% cheaper against Lighter than usual: you would sell low and buy high (−$17 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	0.1127	0.0096	pay 0.0012% / 1h	33m 33s	$308K	$570K	8x
Short	Reya POLRUSDPERP	0.1125	−0.0006	pay 0.0001% / 1h	33m 33s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.171%Rate

Funding earned: −$21.48
Price spread: −0.171% → 0.000%: −$17.12
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$44.61
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 42 min ago; Reya: 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, 42 min ago	6.24 bp	8.5 bp −$9	54.3 bp −$543	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.407%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1126	−0.075%	$205K	$233K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1127	−0.009%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0021%	4h	0.1126	−0.102%	$11K	$200K	20x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1125	−0.171%	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1127	+0.002%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1126	−0.036%	$22K	—	150x	as long as short
Lighter POLlong	+0.0096%	1h	0.1127	long leg	$308K	$570K	8x
Aster POLUSDT	+0.0100%	4h	0.1127	−0.019%	$375K	$357K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1127	−0.031%	$17.3M	$51.5M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1126	−0.102%	$16.2M	$15.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1126	−0.067%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	−0.093%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1127	+0.004%	$23.8M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1127	−0.031%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1127	−0.022%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1126	−0.067%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.153%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	−0.087%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1126	−0.075%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1127	−0.025%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1125	−0.185%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0159%	1h	0.1129	+0.182%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1126	−0.037%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	−0.013%	$905K	$170K	75x	as long as short