Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.037%
Price spread now: Lighter against Injective−0.822%7-day average +0.287% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.533%+$153 on $10k
+Price spread, last 4 days (all we have)+4.164%+$416 · spread now −0.822%, 7d avg +0.287%
=Together, before fees+5.697%+ Points / potential airdropLighter: Season 3 · farm board+$570 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 1.109% cheaper against Injective than usual: you would sell low and buy high (spread −0.822% now, against its 7-day average of +0.287%). If the spread goes back, that is −$111 on $10k: about 59 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.533% in total) that is about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective POL/USDC PERP | 0.1111 | 0.0033 | pay 0.0004% / 1h | 22m 59s | $3K | $124K | 12x |
| Short | Lighter POL | 0.1102 | 0.0096 | get 0.0012% / 1h | 22m 59s | $280K | $555K | 8x |
Injective POL/USDC PERP
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- $13.16
- Price spread: −0.822% → +0.287%
- −$110.86
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$97.72
- Costs to cover
- 0.000%
- Break-even
- 59.0 days
Slippage unknown: Injective: live order book, 56 min ago; Lighter: live order book, 27 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 Injective live order book, 56 min ago | 68.03 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 27 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 | 0.1100 | −0.990% | $202K | $197K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | −0.892% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | −0.797% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPlong | +0.0033% | 1h | 0.1111 | long leg | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0041% | 4h | 0.1101 | −0.891% | $11K | $252K | 20x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1102 | −0.822% | $280K | $555K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | −0.844% | $366K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1102 | −0.835% | $17.1M | $41.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1101 | −0.873% | $15.8M | $11.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1101 | −0.855% | $5.7M | $10.1M | 50x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.918% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1102 | −0.810% | $24.6M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | −0.837% | $2.9M | $977K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | −0.837% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1101 | −0.855% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1100 | −0.950% | $609K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1102 | −0.819% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1103 | −0.720% | $196K | $637K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1101 | −0.862% | $92K | $456K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.988% | $40K | — | 3x | as long as short |
| Hyperliquid POL | +0.0139% | 1h | 0.1103 | −0.684% | $7.5M | $3.7M | 5x | as long as short |
| dYdX POL-USD | +0.0177% | 1h | 0.1102 | −0.801% | $17K | $2K | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | −0.831% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0313% | 1h | 0.1102 | −0.829% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1102 | −0.819% | $905K | $169K | 75x | as long as short |
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
dYdX POL-USD
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT