POL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0632%/8h= −69.2% APRnext payment −$0.79 per $10,000 · paid last 24h −0.149%

Price spread now: Coinbase International against Lighter−0.107%7-day average −0.416% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.677%−$68 on $10k

Price spread, last 4 days (all we have)−2.512%−$251 · spread now −0.107%, 7d avg −0.416%

Together, before fees−3.189%+ Points / potential airdropLighter: Season 3 · farm board−$319 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.309% dearer against Lighter than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.416%): +$31 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter POL	0.1096	0.0048	pay 0.0006% / 1h	55m 02s	$268K	$502K	8x
Short	Coinbase International POL-PERP-INTX	0.1095	−0.0584	pay 0.0073% / 1h	55m 02s	$199K	$180K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$132.72
Price spread: −0.107% → −0.416%: $30.93
Slippage, 4 orders: −$147.09
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$258.88
Costs to cover: 1.571%
Break-even: never at this rate

Slippage from Lighter: live order book, 30 min ago; Coinbase International: live order book, 38 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 Lighter live order book, 30 min ago	6.55 bp	7.4 bp −$7	51.3 bp −$513	doesn't fit	doesn't fit
Sell Coinbase International live order book, 38 min ago	18.30 bp	119.8 bp −$120	doesn't fit	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-INTXshort	−0.0584%	1h	0.1095	−0.107%	$199K	$180K	50x
Kraken Futures PF_POLUSD	−0.0353%	1h	0.1096	+0.010%	$1.2M	$995K	50x	as long as short
Gate POL_USDT	−0.0214%	4h	0.1095	−0.088%	$1.8M	$1.1M	75x	as long as short
Orderly PERP_POL_USDC	−0.0125%	4h	0.1096	−0.034%	$10K	$2.6M	20x	as long as short
GRVT POL_USDT_Perp	−0.0060%	4h	0.1100	+0.380%	$1.1M	$2.8M	10x	as long as short
OKX POL-USDT-SWAP	−0.0055%	4h	0.1095	−0.143%	$5.7M	$9.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1096	−0.046%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1099	+0.237%	$23K	$8K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1102	+0.513%	$9K	—	150x	as long as short
Binance POLUSDT	+0.0012%	4h	0.1094	−0.171%	$16.7M	$34.3M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDT	+0.0014%	4h	0.1094	−0.189%	$25.2M	$3.3M	125x	as long as short
Extended POL-USD	+0.0016%	1h	0.1094	−0.201%	$93K	$521K	10x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.353%	$3K	$124K	12x	as long as short
Bybit POLUSDT	+0.0036%	4h	0.1094	−0.180%	$15.8M	$9.3M	75x	as long as short
Lighter POLlong	+0.0048%	1h	0.1096	long leg	$268K	$502K	8x
BloFin POL-USDT	+0.0049%	4h	0.1097	+0.057%	$899K	$143K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1099	+0.241%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1096	+0.021%	$7.4M	$3.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1096	−0.024%	$368K	$173K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1096	+0.003%	$2.8M	$776K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	−0.216%	$4.0M	$3.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1094	−0.180%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1098	+0.143%	$608K	$167K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1100	+0.349%	$156K	$662K	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1097	+0.081%	$3K	—	100x	as long as short