Funding you earn now, next payment 01:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter against Reya+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.028% dearer against Reya than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POLRUSDPERP | 0.1113 | −0.0006 | get 0.0001% / 1h | 2m 56s | $3K | — | — |
| Short | Lighter POL | 0.1113 | 0.0096 | get 0.0012% / 1h | 2m 56s | $288K | $593K | 8x |
Reya POLRUSDPERP
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- $21.48
- Price spread: +0.028% → 0.000%
- $2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $18.24
- Costs to cover
- 0.060%
- Break-even
- 1.1 days
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 63 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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 63 min ago | 4.78 bp | 9.4 bp −$9 | 66.8 bp −$668 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0241% | 1h | 0.1114 | +0.070% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1113 | −0.015% | $203K | $199K | 50x | as long as short |
| Reya POLRUSDPERPlong | −0.0006% | 1h | 0.1113 | long leg | $3K | — | — | |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1114 | +0.091% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0014% | 1h | 0.1115 | +0.175% | $17K | $4K | 5x | as long as short |
| Orderly PERP_POL_USDC | +0.0029% | 4h | 0.1114 | +0.039% | $11K | $159K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.194% | $3K | $124K | 12x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1113 | +0.028% | $288K | $593K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1114 | +0.093% | $370K | $274K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1114 | +0.048% | $17.1M | $44.0M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
gTrade (Gains Network) POL/USD
dYdX 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 | 0.1113 | −0.006% | $16.0M | $12.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1114 | +0.039% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1112 | −0.095% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1113 | −0.006% | $24.1M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1114 | +0.057% | $2.9M | $972K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1114 | +0.030% | $4.1M | $4.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1113 | −0.015% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1117 | +0.335% | $618K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | +0.326% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | +0.435% | $198K | $645K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1113 | +0.026% | $93K | $445K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1112 | −0.091% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0203% | 1h | 0.1115 | +0.156% | $7.5M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0506% | 1h | 0.1114 | +0.056% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1113 | +0.012% | $905K | $155K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
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
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT