Funding you earn now, next payment 07:00 UTC+0.0640%/8h= +70.1% APRnext payment +$0.80 per $10,000 · paid last 24h +0.149%
Price spread now: Lighter against Coinbase International+0.037%7-day average +0.418% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
Funding, last 7 days+0.663%+$66 on $10k
+Price spread, last 4 days (all we have)+0.966%+$97 · spread now +0.037%, 7d avg +0.418%
=Together, before fees+1.629%+ Points / potential airdropLighter: Season 3 · farm board+$163 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.381% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.418%). If the spread goes back, that is −$38 on $10k: about 48 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.663% in total) that is about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1087 | −0.0544 | get 0.0068% / 1h | 21m 17s | $201K | $176K | 50x |
| Short | Lighter POL | 0.1087 | 0.0096 | get 0.0012% / 1h | 21m 17s | $275K | $544K | 8x |
Coinbase International POL-PERP-INTX
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $134.4
- Price spread: +0.037% → +0.418%
- −$38.1
- Slippage, 4 orders
- −$134.32
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.02
- Costs to cover
- 1.443%
- Break-even
- 9.5 days
Slippage from Coinbase International: live order book, 17 min ago; Lighter: live order book, 9 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 Coinbase International live order book, 17 min ago | 18.33 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 5.22 bp | 9.8 bp −$10 | 69.0 bp −$690 | 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-INTXlong | −0.0544% | 1h | 0.1087 | long leg | $201K | $176K | 50x | |
| Gate POL_USDT | −0.0278% | 4h | 0.1087 | +0.046% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0234% | 1h | 0.1088 | +0.053% | $1.1M | $996K | 50x | as long as short |
| OKX POL-USDT-SWAP | −0.0082% | 4h | 0.1088 | +0.110% | $5.7M | $9.3M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0040% | 4h | 0.1088 | +0.074% | $11K | $1.9M | 20x | as long as short |
| ApeX Omni POLUSDT | −0.0016% | 1h | 0.1087 | 0.000% | $193K | $643K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1088 | +0.078% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1090 | +0.248% | $18K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1089 | +0.204% | $9K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.208% | $3K | $124K | 12x | as long as short |
Gate POL_USDT
Kraken Futures PF_POLUSD
OKX POL-USDT-SWAP
Orderly PERP_POL_USDC
ApeX Omni POLUSDT
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT POL_USDT_Perp | +0.0038% | 4h | 0.1087 | +0.009% | $1.1M | $2.8M | 10x | as long as short |
| Bybit POLUSDT | +0.0071% | 4h | 0.1087 | 0.000% | $15.6M | $9.6M | 75x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1087 | +0.037% | $275K | $544K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1090 | +0.258% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1089 | +0.172% | $361K | $167K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1087 | +0.041% | $16.6M | $36.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1088 | +0.120% | $24.9M | $3.4M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1089 | +0.156% | $2.8M | $918K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1089 | +0.156% | $4.0M | $3.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1088 | +0.101% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1086 | −0.092% | $601K | $166K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1088 | +0.059% | $91K | $522K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1085 | −0.152% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1089 | +0.186% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1088 | +0.083% | $901K | $145K | 75x | as long as short |
GRVT POL_USDT_Perp
Bybit POLUSDT
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT