Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.004%

Price spread now: Lighter against Aster+0.049%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.395%+$40 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.049%, 7d avg +0.012%

Together, before fees+0.385%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$38 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 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1114	0.0100	pay 0.0050% / 4h	6m 06s	$370K	$385K	20x
Short	Lighter POL	0.1115	0.0096	get 0.0012% / 1h	6m 06s	$329K	$549K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$0.84
Price spread: +0.049% → +0.012%: $3.78
Slippage, 4 orders: −$44.1
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.16
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; Lighter: live order book, 22 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 Aster live order book, 25 min ago	9.01 bp	14.4 bp −$14	286.0 bp −$2,860	doesn't fit	doesn't fit
Sell Lighter live order book, 22 min ago	6.75 bp	6.8 bp −$7	63.6 bp −$636	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
Injective POL/USDC PERP	−0.0654%	1h	0.1113	−0.099%	$3K	$104K	12x	as long as short
Orderly PERP_POL_USDC	−0.0048%	4h	0.1114	−0.018%	$11K	$219K	20x	as long as short
Coinbase International POL-PERP-INTX	−0.0008%	1h	0.1110	−0.368%	$202K	$268K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1114	−0.040%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1115	+0.056%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0038%	1h	0.1115	+0.072%	$17K	$3K	5x	as long as short
OKX POL-USDT-SWAP	+0.0053%	4h	0.1114	+0.009%	$5.7M	$12.4M	50x	as long as short
Kraken Futures PF_POLUSD	+0.0054%	1h	0.1115	+0.081%	$1.2M	$1.8M	50x	as long as short
Lighter POLshort	+0.0096%	1h	0.1115	+0.049%	$329K	$549K	8x
Aster POLUSDTlong	+0.0100%	4h	0.1114	long leg	$370K	$385K	20x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1114	0.000%	$17.0M	$52.7M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1114	−0.027%	$16.1M	$16.7M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1114	−0.054%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1114	0.000%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1114	0.000%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1115	+0.063%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1114	−0.009%	—	$7.3M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1112	−0.176%	$657K	$276K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1113	−0.074%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1113	−0.099%	$197K	$654K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1114	−0.009%	$93K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1113	−0.099%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1115	+0.046%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1114	−0.036%	$911K	$183K	75x	as long as short
Hyperliquid POL	+0.0418%	1h	0.1116	+0.215%	$7.6M	$4.6M	5x	as long as short