Funding you earn now, next payment 05:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.037%
Price spread now: Injective against Lighter+1.366%7-day average −0.273% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.526%−$153 on $10k
+Price spread, last 4 days (all we have)−3.963%−$396 · spread now +1.366%, 7d avg −0.273%
=Together, before fees−5.489%+ Points / potential airdropLighter: Season 3 · farm board−$549 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.639% dearer against Lighter than usual: you sell high and buy low (spread +1.366% now, against its 7-day average of −0.273%): +$164 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−1.526% in total) that is about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1096 | 0.0096 | pay 0.0012% / 1h | 26m 29s | $279K | $541K | 8x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 26m 29s | $3K | $124K | 12x |
Lighter POL
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: +1.366% → −0.273%
- $163.89
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $150.71
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 19 min ago; Injective: live order book, 47 min ago. Net counts fees only.
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, 19 min ago | 5.44 bp | 5.6 bp −$6 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Injective live order book, 47 min ago | 77.45 bp | doesn't fit | doesn't fit | 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 | 0.1094 | −0.185% | $202K | $198K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1096 | −0.032% | $1.2M | $1.2M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1095 | −0.126% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1096 | −0.004% | $17K | $2K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1096 | −0.006% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | +1.366% | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0043% | 4h | 0.1096 | +0.016% | $11K | $462K | 20x | as long as short |
| Gate POL_USDT | +0.0068% | 4h | 0.1096 | −0.003% | $1.8M | $1.4M | 75x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1096 | long leg | $279K | $541K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1097 | +0.052% | $7.4M | $3.7M | 5x | 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
Gate POL_USDT
Hyperliquid POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster POLUSDT | +0.0100% | 4h | 0.1096 | −0.016% | $364K | $247K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1095 | −0.094% | $16.9M | $40.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1095 | −0.130% | $15.8M | $11.7M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1095 | −0.085% | $5.7M | $9.9M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1095 | −0.094% | $24.7M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1097 | +0.079% | $2.9M | $966K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1095 | −0.103% | $4.0M | $4.3M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1095 | −0.067% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1099 | +0.267% | $608K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1098 | +0.143% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1097 | +0.089% | $195K | $635K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1095 | −0.102% | $91K | $414K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1094 | −0.185% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1096 | +0.003% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1097 | +0.052% | $904K | $164K | 75x | as long as short |
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
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
GMX POL/USD [ETH-USDC]
BloFin POL-USDT