Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter against Extended+0.026%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.026%, 7d avg +0.078%
=Together, before fees+0.318%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$32 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 0.051% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POL-USD | 0.1093 | 0.0104 | pay 0.0013% / 1h | 24m 03s | $91K | $367K | 10x |
| Short | Lighter POL | 0.1093 | 0.0096 | get 0.0012% / 1h | 24m 03s | $278K | $541K | 8x |
Extended POL-USD
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.026% → +0.078%
- −$5.15
- Slippage, 4 orders
- −$39.29
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.11
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Extended: live order book, 29 min ago; Lighter: live order book, 21 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 Extended live order book, 29 min ago | 0.95 bp | 15.0 bp −$15 | 217.4 bp −$2,174 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 21 min ago | 5.44 bp | 8.4 bp −$8 | 75.1 bp −$751 | 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 | −0.0512% | 1h | 0.1094 | +0.074% | $202K | $198K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0141% | 1h | 0.1093 | +0.017% | $1.2M | $1.2M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1093 | −0.018% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1095 | +0.175% | $17K | $2K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1094 | +0.074% | $12K | — | 150x | as long as short |
| Gate POL_USDT | +0.0026% | 4h | 0.1094 | +0.065% | $1.8M | $1.4M | 75x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.629% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0043% | 4h | 0.1093 | +0.001% | $11K | $483K | 20x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1093 | +0.026% | $278K | $541K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1095 | +0.175% | $7.4M | $3.7M | 5x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Gate POL_USDT
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Hyperliquid POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster POLUSDT | +0.0100% | 4h | 0.1094 | +0.114% | $363K | $247K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1094 | +0.028% | $16.9M | $40.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1093 | −0.017% | $15.7M | $11.7M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1094 | +0.037% | $5.7M | $9.9M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1093 | +0.019% | $24.6M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1094 | +0.037% | $2.9M | $966K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1093 | +0.010% | $4.0M | $4.3M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1093 | +0.010% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1094 | +0.115% | $606K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1098 | +0.403% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1097 | +0.348% | $195K | $635K | 50x | as long as short |
| Extended POL-USDlong | +0.0104% | 1h | 0.1093 | long leg | $91K | $367K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1092 | −0.144% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1094 | +0.054% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1095 | +0.138% | $902K | $164K | 75x | as long as short |
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT