Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%
Price spread now: MEXC against Lighter−0.033%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 7 days−0.251%−$25 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.033%, 7d avg −0.054%
=Together, before fees−0.289%+ Points / potential airdropLighter: Season 3 · 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: MEXC 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 −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1119 | 0.0096 | pay 0.0012% / 1h | 46m 49s | $305K | $563K | 8x |
| Short | MEXC POL_USDT | 0.1119 | 0.0100 | get 0.0050% / 4h | 1h 46m | $23.6M | $3.8M | 125x |
Lighter POL
MEXC POL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.033% → −0.054%
- $2.1
- Slippage, 4 orders
- −$25.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$22.53
- Costs to cover
- 0.255%
- Break-even
- 194.7 days
Slippage from Lighter: live order book, 29 min ago; MEXC: live order book, 2 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, 29 min ago | 6.24 bp | 8.5 bp −$9 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.45 bp | 4.0 bp −$4 | 12.3 bp −$123 | 80.8 bp −$8,084 | 201.2 bp −$100.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −0.730% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −0.730% | $202K | $250K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1119 | +0.018% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0026% | 4h | 0.1118 | −0.078% | $11K | $203K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1119 | −0.002% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1119 | −0.025% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1120 | +0.036% | $22K | — | 150x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1119 | long leg | $305K | $563K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1119 | +0.028% | $372K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | −0.024% | $17.1M | $51.4M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
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 | −0.060% | $16.1M | $16.0M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | −0.033% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1118 | −0.087% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDTshort | +0.0100% | 4h | 0.1119 | −0.033% | $23.6M | $3.8M | 125x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1119 | −0.051% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1119 | −0.006% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1119 | −0.024% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | −0.024% | $661K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | +0.008% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1119 | −0.015% | $198K | $661K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1118 | −0.067% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1117 | −0.194% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0178% | 1h | 0.1121 | +0.190% | $7.6M | $4.6M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1119 | +0.010% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | −0.051% | $904K | $168K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate 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]
BloFin POL-USDT