Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%
Price spread now: BingX against Lighter−0.044%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.044%, 7d avg −0.065%
=Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · farm board−$11 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: BingX is 0.021% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1115 | 0.0096 | pay 0.0012% / 1h | 4m 35s | $309K | $562K | 8x |
| Short | BingX POL-USDT | 0.1114 | 0.0100 | get 0.0050% / 4h | 2h 04m | — | $7.2M | — |
Lighter POL
BingX POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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: −0.044% → −0.065%
- $2.09
- Slippage, 4 orders
- −$38.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$45.37
- Costs to cover
- 0.483%
- Break-even
- 385.1 days
Slippage from Lighter: live order book, 11 min ago; BingX: live order book, 3 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, 11 min ago | 6.24 bp | 8.5 bp −$9 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.89 bp | 15.6 bp −$16 | 31.6 bp −$316 | 93.7 bp −$9,372 | 481.6 bp −$240.8K |
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 | −0.0080% | 1h | 0.1111 | −0.358% | $202K | $253K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1116 | +0.058% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0026% | 4h | 0.1115 | −0.035% | $11K | $206K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1114 | −0.046% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1116 | +0.061% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.358% | $3K | $124K | 12x | as long as short |
| dYdX POL-USD | +0.0034% | 1h | 0.1116 | +0.072% | $17K | $3K | 5x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1115 | long leg | $309K | $562K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1117 | +0.195% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1116 | +0.059% | $371K | $359K | 20x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
dYdX POL-USD
Hyperliquid POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance POLUSDT | +0.0100% | 4h | 0.1115 | −0.014% | $17.0M | $51.7M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1114 | −0.071% | $16.1M | $16.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1114 | −0.044% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1114 | −0.098% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1115 | −0.008% | $23.5M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1116 | +0.064% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1115 | +0.001% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDTshort | +0.0100% | 4h | 0.1114 | −0.044% | — | $7.2M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1115 | −0.035% | $659K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | +0.319% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1119 | +0.360% | $198K | $662K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1115 | −0.035% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1113 | −0.159% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1115 | +0.039% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1115 | −0.026% | $903K | $168K | 75x | as long as short |
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT