Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%
Price spread now: Lighter against KuCoin+0.064%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.064%, 7d avg +0.021%
=Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 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 0.044% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin POLUSDTM | 0.1120 | 0.0100 | pay 0.0050% / 4h | 39m 02s | $2.8M | $1.1M | 50x |
| Short | Lighter POL | 0.1121 | 0.0096 | get 0.0012% / 1h | 39m 02s | $299K | $572K | 8x |
KuCoin POLUSDTM
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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: +0.064% → +0.021%
- $4.38
- Slippage, 4 orders
- −$50.79
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$59.25
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 31 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 KuCoin live order book, 3 min ago | 4.46 bp | 26.9 bp −$27 | 150.3 bp −$1,503 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 5.39 bp | 10.2 bp −$10 | 66.9 bp −$669 | 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 | −0.0128% | 1h | 0.1121 | +0.089% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.108% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | +0.017% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0003% | 1h | 0.1122 | +0.167% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1121 | +0.098% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0006% | 4h | 0.1120 | +0.018% | $11K | $191K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.804% | $3K | $124K | 12x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1121 | +0.064% | $299K | $572K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | +0.168% | $373K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1120 | +0.027% | $17.3M | $50.6M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1120 | −0.036% | $16.2M | $15.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | +0.045% | $5.8M | $11.9M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1119 | −0.062% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1120 | +0.036% | $24.4M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTMlong | +0.0100% | 4h | 0.1120 | long leg | $2.8M | $1.1M | 50x | |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | +0.027% | $4.2M | $5.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1120 | +0.027% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1121 | +0.072% | $662K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1122 | +0.161% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1123 | +0.268% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1120 | +0.039% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.109% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1121 | +0.083% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0307% | 1h | 0.1122 | +0.214% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1121 | +0.063% | $913K | $169K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT