POL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter against GMX+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1084	L +0.0210% / S −0.0388%	pay 0.0026% / 1h	28m 18s	$3K	—	100x
Short	Lighter POL	0.1084	0.0096	get 0.0012% / 1h	28m 18s	$276K	$542K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$23.85
Price spread: +0.006% → 0.000%: $0.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 12 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 12 min ago	2.67 bp	12.7 bp −$13	66.6 bp −$666	doesn't fit	doesn't fit

GMX: 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
Coinbase International POL-PERP-INTX	−0.0480%	1h	0.1081	−0.261%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0260%	4h	0.1083	−0.049%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1084	−0.023%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1083	−0.053%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1085	+0.147%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1084	+0.016%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.507%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1084	−0.030%	$11K	$941K	20x	as long as short
ApeX Omni POLUSDT	+0.0042%	1h	0.1087	+0.292%	$193K	$630K	50x	as long as short
Lighter POLshort	+0.0096%	1h	0.1084	+0.006%	$276K	$542K	8x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0096%	4h	0.1083	−0.058%	$5.6M	$9.5M	50x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1085	+0.126%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1084	+0.033%	$359K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1083	−0.071%	$16.5M	$38.4M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1083	−0.058%	$15.6M	$10.5M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1083	−0.058%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1084	−0.003%	$2.8M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1083	−0.040%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1083	−0.058%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1084	−0.023%	$600K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	+0.090%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1083	−0.103%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1084	+0.052%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0210% / S −0.0388%	1h	0.1084	long leg	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1086	+0.219%	$891K	$159K	75x	as long as short