Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against ApeX Omni−0.126%78s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.126%, 7d avg +0.033%
=Together, before fees+0.251%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.159% cheaper against ApeX Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni POLUSDT | 0.1092 | 0.0100 | pay 0.0013% / 1h | 46m 09s | $194K | $634K | 50x |
| Short | Lighter POL | 0.1091 | 0.0096 | get 0.0012% / 1h | 46m 09s | $276K | $542K | 8x |
ApeX Omni POLUSDT
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$0.84
- Price spread: −0.126% → +0.033%
- −$15.93
- Slippage, 4 orders
- −$42.81
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$69.58
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 62 min ago; Lighter: live order book, 54 min ago.
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 ApeX Omni live order book, 62 min ago | 9.17 bp | 18.8 bp −$19 | 115.4 bp −$1,154 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 54 min ago | 2.67 bp | 12.7 bp −$13 | 66.6 bp −$666 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0472% | 1h | 0.1088 | −0.366% | $201K | $203K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0380% | 1h | 0.1091 | −0.089% | $1.1M | $1.0M | 50x | as long as short |
| Gate POL_USDT | −0.0290% | 4h | 0.1089 | −0.247% | $1.8M | $1.3M | 75x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1090 | −0.192% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1092 | 0.000% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1091 | −0.080% | $12K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0029% | 4h | 0.1090 | −0.174% | $11K | $1.2M | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.740% | $3K | $124K | 12x | as long as short |
| OKX POL-USDT-SWAP | +0.0075% | 4h | 0.1091 | −0.110% | $5.6M | $9.5M | 50x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1091 | −0.126% | $276K | $542K | 8x |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1093 | +0.064% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1091 | −0.097% | $362K | $240K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1091 | −0.119% | $16.6M | $37.7M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1090 | −0.137% | $15.7M | $10.1M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1091 | −0.101% | $24.5M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1091 | −0.064% | $2.9M | $939K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1091 | −0.101% | $4.0M | $4.1M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1091 | −0.119% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1092 | −0.003% | $603K | $167K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1092 | +0.028% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDTlong | +0.0100% | 1h | 0.1092 | long leg | $194K | $634K | 50x | |
| Extended POL-USD | +0.0104% | 1h | 0.1090 | −0.198% | $91K | $268K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1089 | −0.274% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1091 | −0.099% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1092 | −0.027% | $899K | $149K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT