Funding you earn now, next payment 03:00 UTC−0.0163%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h +0.097%
Price spread now: Lighter against Kraken Futures−0.069%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$660.659% of the position
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 4 days (all we have)+1.523%+$152 · spread now −0.069%, 7d avg +0.001%
=Together, before fees+1.895%+ Points / potential airdropLighter: Season 3 · farm board+$189 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.071% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.372%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POLUSD | 0.1105 | 0.0259 | pay 0.0032% / 1h | 29m 13s | $1.2M | $1.2M | 50x |
| Short | Lighter POL | 0.1104 | 0.0096 | get 0.0012% / 1h | 29m 13s | $285K | $564K | 8x |
Kraken Futures PF_POLUSD
Lighter POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$34.33
- Price spread: −0.069% → +0.001%
- −$7.09
- Slippage, 4 orders
- −$55.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$107.32
- Costs to cover
- 0.659%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 26 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 Kraken Futures live order book, 4 min ago | 8.58 bp | 21.5 bp −$22 | 70.5 bp −$705 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 7.85 bp | 13.4 bp −$13 | 63.8 bp −$638 | 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 | −0.0464% | 1h | 0.1098 | −0.637% | $202K | $199K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1104 | −0.053% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1106 | +0.075% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1105 | +0.006% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.540% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0042% | 4h | 0.1104 | −0.076% | $11K | $298K | 20x | as long as short |
| Lighter POLshort | +0.0096% | 1h | 0.1104 | −0.069% | $285K | $564K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1105 | +0.002% | $367K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1104 | −0.111% | $17.1M | $42.2M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1103 | −0.230% | $15.9M | $11.9M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
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 | 0.1103 | −0.184% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1105 | −0.040% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1103 | −0.157% | $23.8M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1106 | +0.069% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1105 | −0.012% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1105 | +0.015% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1105 | −0.010% | $612K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1106 | +0.092% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1105 | −0.003% | $196K | $637K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1104 | −0.080% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1103 | −0.230% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1105 | −0.007% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0221% | 1h | 0.1107 | +0.150% | $7.5M | $3.7M | 5x | as long as short |
| Kraken Futures PF_POLUSDlong | +0.0259% | 1h | 0.1105 | long leg | $1.2M | $1.2M | 50x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1105 | +0.024% | $912K | $166K | 75x | as long as short |
OKX POL-USDT-SWAP
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
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT