POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.037%

Price spread now: Lighter against Injective−1.368%7-day average +0.273% · you buy dearer than you sell

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.526%+$153 on $10k

Price spread, last 4 days (all we have)+3.966%+$397 · spread now −1.368%, 7d avg +0.273%

Together, before fees+5.491%+ Points / potential airdropLighter: Season 3 · farm board+$549 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 1.641% cheaper against Injective than usual: you would sell low and buy high (spread −1.368% now, against its 7-day average of +0.273%). If the spread goes back, that is −$164 on $10k: about 3 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.526% in total) that is about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	26m 48s	$3K	$124K	12x
Short	Lighter POL	0.1096	0.0096	get 0.0012% / 1h	26m 48s	$279K	$541K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee LighterbpOrdersPrice spread, now −1.368%Rate

Funding earned: $13.16
Price spread: −1.368% → +0.273%: −$164.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$150.98
Costs to cover: 0.000%
Break-even: 87.3 days

Slippage unknown: Injective: live order book, 47 min ago; Lighter: live order book, 18 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 Injective live order book, 47 min ago	77.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 18 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	−1.530%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1096	−1.379%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1095	−1.413%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1098	−1.145%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1096	−1.354%	$12K	—	150x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Orderly PERP_POL_USDC	+0.0043%	4h	0.1096	−1.332%	$11K	$462K	20x	as long as short
Gate POL_USDT	+0.0088%	4h	0.1096	−1.323%	$1.8M	$1.4M	75x	as long as short
Lighter POLshort	+0.0096%	1h	0.1096	−1.368%	$279K	$541K	8x
Hyperliquid POL	+0.0100%	1h	0.1097	−1.256%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1097	−1.297%	$364K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1096	−1.359%	$16.9M	$40.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1095	−1.404%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1096	−1.368%	$5.7M	$9.9M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1096	−1.377%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1096	−1.305%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1096	−1.359%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1095	−1.413%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1099	−1.084%	$608K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1098	−1.206%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	−1.260%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1095	−1.433%	$91K	$421K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1094	−1.530%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1096	−1.345%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1097	−1.296%	$904K	$164K	75x	as long as short