Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.057%
Price spread now: BloFin against Lighter−0.015%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)−0.294%−$29 · spread now −0.015%, 7d avg −0.072%
=Together, before fees−0.285%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.057% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.072%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1113 | 0.0096 | pay 0.0012% / 1h | 3m 14s | $288K | $593K | 8x |
| Short | BloFin POL-USDT | 0.1113 | 0.0340 | get 0.0170% / 4h | 3h 03m | $905K | $155K | 75x |
Lighter POL
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $51.24
- Price spread: −0.015% → −0.072%
- $5.65
- Slippage, 4 orders
- −$26.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $18.35
- Costs to cover
- 0.385%
- Break-even
- 4.5 days
Slippage from Lighter: live order book, 62 min ago; BloFin: live order book, 4 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 | 4.78 bp | 4.9 bp −$5 | 47.0 bp −$470 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.89 bp | 8.8 bp −$9 | 14.0 bp −$140 | 51.0 bp −$5,102 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0241% | 1h | 0.1114 | +0.043% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1113 | −0.042% | $203K | $199K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1113 | −0.028% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1114 | +0.063% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0014% | 1h | 0.1115 | +0.147% | $17K | $4K | 5x | as long as short |
| Orderly PERP_POL_USDC | +0.0029% | 4h | 0.1114 | +0.012% | $11K | $159K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.222% | $3K | $124K | 12x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1113 | long leg | $288K | $593K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1114 | +0.066% | $370K | $274K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1113 | −0.042% | $17.1M | $44.0M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX 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 | 0.1112 | −0.105% | $16.0M | $12.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1112 | −0.096% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1113 | −0.060% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1113 | −0.033% | $24.1M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1114 | +0.030% | $2.9M | $972K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1113 | −0.042% | $4.1M | $4.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1113 | −0.042% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1117 | +0.307% | $618K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | +0.298% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | +0.407% | $198K | $645K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1113 | −0.029% | $93K | $445K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1112 | −0.119% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0203% | 1h | 0.1115 | +0.182% | $7.5M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0506% | 1h | 0.1114 | +0.029% | $3K | — | 100x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1113 | −0.015% | $905K | $155K | 75x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]