Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.022%
Price spread now: Lighter against Gate+0.132%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.132%, 7d avg +0.091%
=Together, before fees+0.090%+ Points / potential airdropLighter: Season 3 · farm board+$9 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 0.042% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate POL_USDT | 0.1102 | 0.0100 | pay 0.0050% / 4h | 2h 02m | $1.8M | $1.3M | 75x |
| Short | Lighter POL | 0.1103 | 0.0096 | get 0.0012% / 1h | 2m 05s | $285K | $577K | 8x |
Gate POL_USDT
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.132% → +0.091%
- $4.17
- Slippage, 4 orders
- −$51.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$63.43
- Costs to cover
- 0.668%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 58 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 Gate live order book, 1 min ago | 5.90 bp | 22.8 bp −$23 | 193.9 bp −$1,939 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 58 min ago | 5.77 bp | 10.3 bp −$10 | 66.3 bp −$663 | doesn't fit | doesn't fit |
POL on 24 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 | −0.0312% | 1h | 0.1099 | −0.263% | $202K | $202K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1103 | +0.056% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1103 | +0.082% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1103 | +0.136% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.826% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0047% | 4h | 0.1103 | +0.091% | $11K | $309K | 20x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1103 | +0.132% | $285K | $577K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1103 | +0.123% | $367K | $276K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1103 | +0.118% | $17.1M | $42.7M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1103 | +0.100% | $16.0M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1103 | +0.100% | $5.7M | $10.2M | 50x | as long as short |
| Gate POL_USDTlong | +0.0100% | 4h | 0.1102 | long leg | $1.8M | $1.3M | 75x | |
| MEXC POL_USDT | +0.0100% | 4h | 0.1103 | +0.118% | $23.8M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1103 | +0.100% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1103 | +0.136% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1103 | +0.127% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1100 | −0.140% | $609K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1101 | −0.062% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1101 | −0.082% | $195K | $636K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1103 | +0.081% | $92K | $446K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1102 | +0.009% | $40K | — | 3x | as long as short |
| Kraken Futures PF_POLUSD | +0.0117% | 1h | 0.1104 | +0.179% | $1.2M | $1.2M | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1104 | +0.150% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0246% | 1h | 0.1105 | +0.299% | $7.4M | $3.7M | 5x | as long as short |
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Kraken Futures PF_POLUSD
GMX POL/USD [ETH-USDC]
Hyperliquid POL