POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.011%

Price spread now: ApeX Omni against Lighter−0.132%78s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.617% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.132%, 7d avg −0.033%

Together, before fees+0.091%+ 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: ApeX Omni is 0.099% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter POL	0.1105	0.0096	pay 0.0012% / 1h	47m 50s	$281K	$540K	8x
Short	ApeX Omni POLUSDT	0.1104	0.0100	get 0.0013% / 1h	47m 50s	$196K	$638K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.132%Rate

Funding earned: $0.84
Price spread: −0.132% → −0.033%: −$9.86
Slippage, 4 orders: −$51.67
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.69
Costs to cover: 0.617%
Break-even: 596.1 days

Slippage from Lighter: live order book, 62 min ago; ApeX Omni: live order book, 5 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 Lighter live order book, 62 min ago	5.88 bp	7.1 bp −$7	52.9 bp −$529	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	13.56 bp	23.0 bp −$23	125.8 bp −$1,258	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	0.1098	−0.675%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1105	−0.001%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.044%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1106	+0.041%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	+0.036%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.501%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1105	−0.033%	$11K	$243K	20x	as long as short
Lighter POLlong	+0.0096%	1h	0.1105	long leg	$281K	$540K	8x
Hyperliquid POL	+0.0100%	1h	0.1107	+0.121%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1106	+0.066%	$367K	$247K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1105	−0.042%	$17.1M	$41.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.069%	$15.9M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1105	−0.014%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1105	−0.042%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1105	−0.024%	$24.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	+0.040%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1105	−0.005%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1105	−0.042%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1105	−0.009%	$612K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1107	+0.113%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1104	−0.132%	$196K	$638K	50x
Extended POL-USD	+0.0104%	1h	0.1105	−0.062%	$92K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.162%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	+0.016%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.049%	$907K	$169K	75x	as long as short