data as of
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Price arb /

POL

all POL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.073%7d average−0.085%fees + slippage, in and out−$48spread needed0.477%
Long on LighterShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter POL0.11320.0096pay 0.0012% / 1h57m 03s$331K$533K8x
ShortBybit POLUSDT0.11320.0080get 0.0040% / 4h57m 03s$16.2M$16.8M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$7.33
Funding while held
−$0.48
Slippage, 4 orders
−$36.75
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$55.55
Spread needed to break even
0.477%
Slippage from Lighter: live order book, 50 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0016%
Per $10,000 a day
−$0.48
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 50 min ago5.48 bp5.8 bp −$655.0 bp −$550doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.44 bp19.4 bp −$1942.5 bp −$425doesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.1128cheapestReya0.1130+0.164%Aevo0.1130+0.177%Coinbase International0.1130+0.177%Variational Omni0.1130+0.184%Gate0.1130+0.222%Orderly0.1131+0.257%Injective0.1131+0.266%MEXC0.1131+0.293%BingX0.1131+0.301%Extended0.1131+0.308%
Bybit0.1132+0.310%
GMX0.1132+0.316%gTrade (Gains Network)0.1132+0.324%OKX0.1132+0.328%Binance0.1132+0.337%KuCoin0.1132+0.346%Aster0.1132+0.372%
Lighter0.1132+0.384%
Bitget0.1132+0.390%Kraken Futures0.1132+0.397%BloFin0.1133+0.426%dYdX0.1133+0.427%Hyperliquid0.1134+0.541%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni POLUSDT−0.382%−0.0054%1h$200K$643K50xas long as short
Reya POLRUSDPERP−0.219%−0.0006%1h$3K——as long as short
Aevo POL-PERP−0.206%+0.0104%1h$41K—3xas long as short
Coinbase International POL-PERP-INTX−0.206%−0.0504%1h$251K$246K50xas long as short
Variational Omni POL−0.199%+0.0100%4h$708K$283K—as long as short
Gate POL_USDT−0.162%−0.0006%4h$1.9M$1.5M75xas long as short
Orderly PERP_POL_USDC−0.126%−0.0139%4h$12K$294K20xas long as short
Injective POL/USDC PERP−0.117%+0.0033%1h$3K$176K12xas long as short
MEXC POL_USDT−0.091%+0.0100%4h$23.0M$3.8M125xas long as short
BingX POL-USDT−0.082%+0.0100%4h—$7.2M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended POL-USD−0.076%+0.0104%1h$94K$450K10xas long as short
Bybit POLUSDTshort−0.073%+0.0080%4h$16.2M$16.8M75x
GMX POL/USD [ETH-USDC]−0.068%L +0.0215% / S −0.0699%1h$3K—100xas long as short
gTrade (Gains Network) POL/USD−0.059%L +0.0004% / S −0.0006%1h$22K—150xas long as short
OKX POL-USDT-SWAP−0.056%+0.0033%4h$5.8M$12.6M50xas long as short
Binance POLUSDT−0.047%+0.0100%4h$17.4M$54.2M75xas long as short
KuCoin POLUSDTM−0.038%+0.0100%4h$3.3M$1.1M50xas long as short
Aster POLUSDT−0.011%+0.0100%4h$395K$532K20xas long as short
Lighter POLlong0.000%+0.0096%1h$331K$533K8x
Bitget POLUSDT+0.006%+0.0100%4h$4.3M$6.0M50xas long as short
Kraken Futures PF_POLUSD+0.013%+0.0010%1h$1.3M$1.7M50xas long as short
BloFin POL-USDT+0.042%+0.0340%4h$935K$185K75xas long as short
dYdX POL-USD+0.043%+0.3345%1h$17K$3K5xas long as short
Hyperliquid POL+0.156%+0.0100%1h$6.6M$4.5M5xas long as short