Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against ApeX Omni−0.214%48s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.214%, 7d avg +0.034%
=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: Lighter is 0.248% cheaper against ApeX Omni than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni POLUSDT | 0.1102 | 0.0100 | pay 0.0013% / 1h | 18m 27s | $195K | $637K | 50x |
| Short | Lighter POL | 0.1100 | 0.0096 | get 0.0012% / 1h | 18m 27s | $280K | $555K | 8x |
ApeX Omni POLUSDT
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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: −0.214% → +0.034%
- −$24.82
- Slippage, 4 orders
- −$50.21
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$85.87
- Costs to cover
- 0.602%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 39 min ago; Lighter: live order book, 32 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 ApeX Omni live order book, 39 min ago | 13.68 bp | 22.7 bp −$23 | 128.6 bp −$1,286 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 32 min ago | 5.88 bp | 8.6 bp −$9 | 68.5 bp −$685 | 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 | −0.0520% | 1h | 0.1102 | 0.000% | $203K | $197K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1100 | −0.186% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1101 | −0.134% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.817% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0041% | 4h | 0.1100 | −0.200% | $11K | $250K | 20x | as long as short |
| Gate POL_USDT | +0.0088% | 4h | 0.1099 | −0.236% | $1.8M | $1.3M | 75x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1100 | −0.214% | $280K | $555K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1100 | −0.210% | $365K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1100 | −0.172% | $17.0M | $41.6M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1100 | −0.191% | $15.8M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Gate POL_USDT
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1100 | −0.163% | $5.7M | $10.1M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1100 | −0.145% | $24.7M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1100 | −0.172% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1100 | −0.154% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1100 | −0.145% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1100 | −0.186% | $609K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1102 | −0.018% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDTlong | +0.0100% | 1h | 0.1102 | long leg | $195K | $637K | 50x | |
| Extended POL-USD | +0.0104% | 1h | 0.1099 | −0.255% | $92K | $456K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1099 | −0.264% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0133% | 1h | 0.1102 | +0.009% | $7.5M | $3.7M | 5x | as long as short |
| dYdX POL-USD | +0.0155% | 1h | 0.1101 | −0.081% | $17K | $2K | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1101 | −0.129% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0314% | 1h | 0.1101 | −0.106% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1101 | −0.073% | $906K | $169K | 75x | as long as short |
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
dYdX POL-USD
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT