Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.08824+0.0096pay 0.0012% / 1h19m 08s$184K$120K8xLong Lighter7d free
SHORT0.08812−0.0327pay 0.0041% / 1h19m 08s$149K$123K50xShort TxFlow5% off
Price gap−0.141%
Funding gap−0.0423% /8h

Funding costs $13 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$52−0.0423% /8h now · paid −0.520% over the last 7D
Price−$1spread −0.141% now, avg −0.134% → −0.007% if it goes back
Costs−$330.334% of $10k · taker + slippage, in and out
Result−$86−0.86%+ Points / potential airdropLighter: Season 3 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.141%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

POL on 27 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • OK: Fits both order books11.6 / 7.8 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,250 + $200
    Lighter 8x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$12.68Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$9.80.
  • Note: Gap at its usual level−0.141% vs −0.134%
    The price leg adds little either way.
  • Watch: Short leg is thinner$149K vs $184K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3 · TxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legLighter No · TxFlow No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0247%/8h × 21 periods−$51.96
Price spread−0.141% → −0.134% (7d avg)−$0.65
Slippage, 4 orderslive order books−$24.43
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$86.04
Costs to cover0.334%Break-evennever at this rate
Slippage: Lighter: live order book, 58 min ago; TxFlow: live order book, 60 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter2.6111.6 bp−$1248.4 bp−$484doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.577.8 bp−$823.4 bp−$234207.1 bp−$20.7Kdoesn’t fit

Closing costs about the same again.

Alert

POL news

posts that mention POL, from every exchangeSearch all news →
09-28 14:42DeribitListing🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗
09-28 13:03DeribitListingnew market POL_USDC-PERPETUAL ($POL) seen by our collector
09-24 09:36PhemexListingnew market POLUSDT ($POL) seen by our collector