Funding you earn now, next payment 12:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.018%
Price spread now: Lighter against OKX+0.035%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.035%, 7d avg +0.067%
=Together, before fees+0.289%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.032% cheaper against OKX than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.067%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POL-USDT-SWAP | 0.1079 | 0.0002 | pay 0.0001% / 4h | 29m 01s | $5.6M | $7.5M | 50x |
| Short | Lighter POL | 0.1080 | 0.0096 | get 0.0012% / 1h | 29m 01s | $251K | $429K | 8x |
OKX POL-USDT-SWAP
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $19.83
- Price spread: +0.035% → +0.067%
- −$3.18
- Slippage, 4 orders
- −$37.7
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.05
- Costs to cover
- 0.477%
- Break-even
- 18.0 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 4 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 OKX live order book, 2 min ago | 0.46 bp | 12.3 bp −$12 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 6.24 bp | 8.8 bp −$9 | 57.7 bp −$577 | doesn't fit | doesn't fit |
POL on 25 exchanges
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 | −0.0648% | 1h | 0.1075 | −0.398% | $195K | $154K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0372% | 1h | 0.1080 | +0.025% | $1.1M | $773K | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0189% | 4h | 0.1079 | −0.046% | $10K | $2.6M | 20x | as long as short |
| Gate POL_USDT | −0.0174% | 4h | 0.1078 | −0.120% | $1.8M | $935K | 75x | as long as short |
| GRVT POL_USDT_Perp | −0.0088% | 4h | 0.1080 | +0.111% | $1.0M | $2.7M | 10x | as long as short |
| Bybit POLUSDT | −0.0078% | 4h | 0.1078 | −0.083% | $15.3M | $8.1M | 75x | as long as short |
| Bitget POLUSDT | −0.0018% | 4h | 0.1079 | −0.046% | $4.0M | $2.7M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1079 | +0.009% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1080 | +0.045% | $23K | $9K | 5x | as long as short |
| OKX POL-USDT-SWAPlong | +0.0002% | 4h | 0.1079 | long leg | $5.6M | $7.5M | 50x |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Gate POL_USDT
GRVT POL_USDT_Perp
Bybit POLUSDT
Bitget POLUSDT
Reya POLRUSDPERP
dYdX POL-USDShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1080 | +0.044% | $8K | — | 150x | as long as short |
| BingX POL-USDC | +0.0030% | 4h | 0.1079 | −0.028% | — | $1.7M | — | as long as short |
| Binance POLUSDT | +0.0031% | 4h | 0.1079 | −0.046% | $16.5M | $28.9M | 75x | as long as short |
| Extended POL-USD | +0.0032% | 1h | 0.1078 | −0.111% | $90K | $618K | 10x | as long as short |
| MEXC POL_USDT | +0.0032% | 4h | 0.1079 | −0.028% | $25.0M | $3.1M | 125x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.937% | $3K | $124K | 12x | as long as short |
| Aevo POL-PERP | +0.0088% | 1h | 0.1078 | −0.156% | $39K | — | 3x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1080 | +0.035% | $251K | $429K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1081 | +0.147% | $7.3M | $3.4M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1080 | +0.052% | $363K | $131K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1079 | −0.009% | $3.1M | $756K | 50x | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1080 | +0.097% | $603K | $156K | — | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1082 | +0.250% | $153K | $659K | 50x | as long as short |
| BloFin POL-USDT | +0.0133% | 4h | 0.1079 | −0.028% | $889K | $135K | 75x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0158% / S −0.0283% | 1h | 0.1080 | +0.071% | $3K | — | 100x | as long as short |
gTrade (Gains Network) POL/USD
BingX POL-USDC
Binance POLUSDT
Extended POL-USD
MEXC POL_USDT
Injective POL/USDC PERP
Aevo POL-PERP
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Variational Omni POL
ApeX Omni POLUSDT
BloFin POL-USDT
GMX POL/USD [ETH-USDC]