POL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against Extended+0.129%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.129%, 7d avg +0.080%

Together, before fees+0.243%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$24 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 0.048% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1117	0.0104	pay 0.0013% / 1h	8m 02s	$93K	$427K	10x
Short	Lighter POL	0.1119	0.0096	get 0.0012% / 1h	8m 02s	$310K	$562K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee LighterbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$1.68
Price spread: +0.129% → +0.080%: $4.81
Slippage, 4 orders: −$46.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.21
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Extended: live order book, 15 min ago; Lighter: live order book, 7 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 Extended live order book, 15 min ago	1.88 bp	15.7 bp −$16	212.5 bp −$2,125	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	6.24 bp	10.7 bp −$11	74.1 bp −$741	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	−0.0080%	1h	0.1111	−0.578%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1119	+0.181%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0028%	4h	0.1119	+0.093%	$11K	$206K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	+0.080%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1119	+0.175%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.578%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0036%	1h	0.1120	+0.219%	$17K	$3K	5x	as long as short
Lighter POLshort	+0.0096%	1h	0.1119	+0.129%	$310K	$562K	8x
Hyperliquid POL	+0.0100%	1h	0.1120	+0.254%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.219%	$372K	$359K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1118	+0.012%	$17.1M	$51.7M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1117	−0.015%	$16.1M	$16.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1117	−0.024%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	+0.182%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1119	+0.093%	$23.6M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1119	+0.146%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	+0.102%	$4.2M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1118	+0.039%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.032%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.117%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1117	−0.041%	$198K	$662K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1117	long leg	$93K	$427K	10x
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.038%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1119	+0.173%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	+0.075%	$907K	$168K	75x	as long as short