Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.069%
Price spread now: Lighter against Orderly+0.043%7-day average +0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.632%+$63 on $10k
+Price spread, last 3 days (all we have)+0.262%+$26 · spread now +0.043%, 7d avg +0.088%
=Together, before fees+0.894%+ Points / potential airdropLighter: Season 3 · farm board+$89 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.046% cheaper against Orderly than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.088%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.632% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_POL_USDC | 0.1122 | 0.0023 | pay 0.0012% / 4h | 3h 17m | $11K | $164K | 20x |
| Short | Lighter POL | 0.1123 | 0.0096 | get 0.0012% / 1h | 17m 00s | $293K | $585K | 8x |
Orderly PERP_POL_USDC
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $15.3
- Price spread: +0.043% → +0.088%
- −$4.55
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.75
- Costs to cover
- 0.060%
- Break-even
- 4.8 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 48 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 48 min ago | 4.78 bp | 9.4 bp −$9 | 66.8 bp −$668 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0239% | 1h | 0.1123 | +0.087% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1116 | −0.552% | $204K | $199K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1122 | +0.009% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1123 | +0.068% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0019% | 1h | 0.1122 | −0.037% | $17K | $4K | 5x | as long as short |
| Orderly PERP_POL_USDClong | +0.0023% | 4h | 0.1122 | long leg | $11K | $164K | 20x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.998% | $3K | $124K | 12x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1123 | +0.043% | $293K | $585K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1123 | +0.076% | $373K | $303K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1124 | +0.201% | $17.3M | $44.3M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1124 | +0.196% | $16.2M | $13.0M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1124 | +0.169% | $5.8M | $10.6M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1123 | +0.062% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1124 | +0.196% | $24.4M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1124 | +0.196% | $3.0M | $980K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1125 | +0.241% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1123 | +0.089% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1121 | −0.115% | $620K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | −0.127% | $1.1M | $2.9M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1122 | −0.018% | $199K | $646K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1124 | +0.131% | $94K | $449K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1121 | −0.088% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0153% | 1h | 0.1126 | +0.348% | $7.6M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1123 | +0.081% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1120 | −0.196% | $911K | $159K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
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
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT