POL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.168%

Price spread now: Lighter against dYdX−0.076%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.076% cheaper against dYdX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1094	0	get 0.0000% / 1h	0m 01s	$19K	$3K	5x
Short	Lighter POL	0.1093	0.0096	get 0.0012% / 1h	0m 01s	$277K	$543K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now −0.076%Rate

Funding earned: $20.16
Price spread: −0.076% → 0.000%: −$7.62
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.54
Costs to cover: 0.100%
Break-even: 6.1 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 35 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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 35 min ago	5.74 bp	10.5 bp −$10	62.6 bp −$626	doesn't fit	doesn't fit

dYdX: 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
Coinbase International POL-PERP-INTX	−0.0472%	1h	0.1088	−0.531%	$201K	$193K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1094	−0.026%	$1.2M	$994K	50x	as long as short
Gate POL_USDT	−0.0330%	4h	0.1092	−0.183%	$1.8M	$1.3M	75x	as long as short
OKX POL-USDT-SWAP	−0.0026%	4h	0.1092	−0.147%	$5.7M	$9.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.103%	$2K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1094	long leg	$19K	$3K	5x
Orderly PERP_POL_USDC	+0.0001%	4h	0.1093	−0.092%	$11K	$1.6M	20x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.008%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.572%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0089%	1h	0.1094	+0.018%	$194K	$640K	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POLshort	+0.0096%	1h	0.1093	−0.076%	$277K	$543K	8x
Hyperliquid POL	+0.0100%	1h	0.1094	+0.027%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	−0.097%	$362K	$174K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1092	−0.167%	$16.7M	$36.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.165%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1092	−0.165%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	−0.101%	$2.9M	$916K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	−0.101%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1092	−0.165%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	−0.219%	$604K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.037%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.167%	$93K	$308K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.165%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.012%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.119%	$898K	$146K	75x	as long as short