Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Lighter−0.054%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.054%, 7d avg −0.078%
=Together, before fees−0.289%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$29 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: Extended is 0.024% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1084 | 0.0096 | pay 0.0012% / 1h | 28m 25s | $276K | $542K | 8x |
| Short | Extended POL-USD | 0.1083 | 0.0104 | get 0.0013% / 1h | 28m 25s | $91K | $270K | 10x |
Lighter POL
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.054% → −0.078%
- $2.38
- Slippage, 4 orders
- −$42.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$43.72
- Costs to cover
- 0.478%
- Break-even
- 189.2 days
Slippage from Lighter: live order book, 12 min ago; Extended: live order book, 19 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, 12 min ago | 2.67 bp | 3.0 bp −$3 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell Extended live order book, 19 min ago | 1.84 bp | 15.6 bp −$16 | 145.1 bp −$1,451 | 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 | −0.0480% | 1h | 0.1085 | +0.101% | $200K | $201K | 50x | as long as short |
| Gate POL_USDT | −0.0260% | 4h | 0.1083 | −0.055% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1086 | +0.157% | $1.1M | $1.0M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1083 | −0.059% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1085 | +0.141% | $18K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1087 | +0.266% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.500% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0038% | 4h | 0.1086 | +0.166% | $11K | $934K | 20x | as long as short |
| ApeX Omni POLUSDT | +0.0042% | 1h | 0.1087 | +0.286% | $193K | $630K | 50x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1084 | long leg | $276K | $542K | 8x |
Coinbase International POL-PERP-INTX
Gate POL_USDT
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
ApeX Omni POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0096% | 4h | 0.1084 | −0.037% | $5.5M | $9.5M | 50x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1085 | +0.120% | $7.3M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1085 | +0.062% | $359K | $240K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1083 | −0.046% | $16.5M | $38.3M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1083 | −0.046% | $15.6M | $10.5M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1083 | −0.065% | $24.4M | $3.2M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1084 | +0.046% | $2.8M | $939K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1084 | −0.028% | $4.0M | $4.2M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1084 | −0.009% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1084 | −0.029% | $600K | $166K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1085 | +0.083% | $1.1M | $2.8M | 10x | as long as short |
| Extended POL-USDshort | +0.0104% | 1h | 0.1083 | −0.054% | $91K | $270K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1086 | +0.221% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1087 | +0.246% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1086 | +0.212% | $891K | $159K | 75x | as long as short |
OKX POL-USDT-SWAP
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT