Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.005%
Price spread now: Lighter against MEXC+0.036%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.241%+$24 on $10k
Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.036%, 7d avg +0.053%
Together, before fees+0.275%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC POL_USDT0.11020.0100pay 0.0050% / 4h2h 19m$23.8M$3.6M125x
ShortLighter POL0.11020.0096get 0.0012% / 1h19m 14s$285K$576K8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: +0.036% → +0.053%
−$1.65
Slippage, 4 orders
−$24.07
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$26.56
Costs to cover
0.241%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago0.45 bp4.5 bp −$520.9 bp −$20981.3 bp −$8,134197.5 bp −$98.7K
Sell Lighter live order book, 41 min ago5.77 bp10.3 bp −$1066.3 bp −$663doesn't fitdoesn't fit

POL on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0312%1h0.1101−0.054%$203K$204K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1102−0.004%$3Kas long as short
dYdX POL-USD0.0000%1h0.1103+0.104%$17K$4K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1102+0.052%$24K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+0.853%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0040%4h0.1101−0.018%$11K$323K20xas long as short
Lighter POLshort+0.0096%1h0.1102+0.036%$285K$576K8x
Aster POLUSDT+0.0100%4h0.1103+0.131%$367K$276K20xas long as short
Binance POLUSDT+0.0100%4h0.1102+0.009%$17.1M$43.9M75xas long as short
Bybit POLUSDT+0.0100%4h0.1101−0.054%$15.9M$12.3M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX POL-USDT-SWAP+0.0100%4h0.1102+0.009%$5.7M$10.4M50xas long as short
Gate POL_USDT+0.0100%4h0.1101−0.018%$1.8M$1.3M75xas long as short
MEXC POL_USDTlong+0.0100%4h0.1102long leg$23.8M$3.6M125x
KuCoin POLUSDTM+0.0100%4h0.11020.000%$2.9M$999K50xas long as short
Bitget POLUSDT+0.0100%4h0.1102+0.018%$4.2M$4.9M50xas long as short
BingX POL-USDT+0.0100%4h0.1101−0.018%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1102+0.027%$610K$224Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1104+0.213%$1.1M$2.8M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1103+0.127%$195K$637K50xas long as short
Extended POL-USD+0.0104%1h0.1101−0.009%$95K$446K10xas long as short
Aevo POL-PERP+0.0104%1h0.1100−0.135%$40K3xas long as short
Kraken Futures PF_POLUSD+0.0117%1h0.1103+0.100%$1.2M$1.2M50xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1102+0.011%$3K100xas long as short
Hyperliquid POL+0.0229%1h0.1104+0.200%$7.4M$3.8M5xas long as short