Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%
Price spread now: KuCoin against Lighter−0.053%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.053%, 7d avg −0.021%
=Together, before fees+0.017%+ Points / potential airdropLighter: Season 3 · farm board+$2 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: KuCoin is 0.032% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1121 | 0.0096 | pay 0.0012% / 1h | 38m 37s | $299K | $572K | 8x |
| Short | KuCoin POLUSDTM | 0.1120 | 0.0100 | get 0.0050% / 4h | 38m 37s | $2.9M | $1.1M | 50x |
Lighter POL
KuCoin POLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.053% → −0.021%
- −$3.21
- Slippage, 4 orders
- −$50.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$65.16
- Costs to cover
- 0.628%
- Break-even
- 550.0 days
Slippage from Lighter: live order book, 32 min ago; KuCoin: 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, 32 min ago | 5.39 bp | 5.5 bp −$6 | 55.2 bp −$552 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 4.46 bp | 20.1 bp −$20 | 130.2 bp −$1,302 | 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 | −0.0128% | 1h | 0.1121 | +0.037% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.055% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | −0.036% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1122 | +0.114% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1121 | +0.046% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0006% | 4h | 0.1120 | −0.035% | $11K | $191K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.856% | $3K | $124K | 12x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1121 | long leg | $299K | $572K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.052% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1120 | −0.053% | $17.3M | $50.6M | 75x | 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
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 | 0.1119 | −0.097% | $16.2M | $15.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | −0.062% | $5.8M | $11.9M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1119 | −0.115% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1120 | −0.035% | $24.4M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTMshort | +0.0100% | 4h | 0.1120 | −0.053% | $2.9M | $1.1M | 50x | |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | −0.035% | $4.2M | $5.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1120 | −0.044% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1121 | +0.020% | $662K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1122 | +0.108% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1123 | +0.215% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1120 | −0.045% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.162% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1121 | +0.030% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0309% | 1h | 0.1122 | +0.162% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1121 | +0.010% | $913K | $169K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
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]
Hyperliquid POL
BloFin POL-USDT