Funding you earn now, next payment 11:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Lighter−0.034%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.034%, 7d avg −0.077%
=Together, before fees−0.304%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.043% dearer against Lighter than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.077%): +$4 on $10k if it goes back. Holding the pair costs −$3 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 | 0.1080 | 0.0096 | pay 0.0012% / 1h | 27m 50s | $263K | $486K | 8x |
| Short | Extended POL-USD | 0.1079 | 0.0008 | get 0.0001% / 1h | 27m 50s | $90K | $528K | 10x |
Lighter POL
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. 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
- −$18.48
- Price spread: −0.034% → −0.077%
- $4.31
- Slippage, 4 orders
- −$42.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$61.36
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; Extended: live order book, 18 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, 10 min ago | 3.38 bp | 6.2 bp −$6 | 43.5 bp −$435 | doesn't fit | doesn't fit |
| Sell Extended live order book, 18 min ago | 1.62 bp | 15.5 bp −$16 | 194.2 bp −$1,942 | doesn't fit | doesn't fit |
POL on 25 exchanges
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 | −0.0624% | 1h | 0.1076 | −0.324% | $195K | $164K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0349% | 1h | 0.1080 | +0.040% | $1.1M | $959K | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0193% | 4h | 0.1079 | −0.046% | $10K | $2.6M | 20x | as long as short |
| Gate POL_USDT | −0.0110% | 4h | 0.1079 | −0.037% | $1.8M | $1.0M | 75x | as long as short |
| GRVT POL_USDT_Perp | −0.0080% | 4h | 0.1079 | −0.070% | $1.0M | $2.7M | 10x | as long as short |
| Bitget POLUSDT | −0.0010% | 4h | 0.1079 | −0.028% | $3.9M | $3.2M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1079 | −0.026% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1081 | +0.115% | $23K | $9K | 5x | as long as short |
| OKX POL-USDT-SWAP | 0.0000% | 4h | 0.1079 | −0.028% | $5.6M | $8.1M | 50x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1080 | +0.070% | $8K | — | 150x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Gate POL_USDT
GRVT POL_USDT_Perp
Bitget POLUSDT
Reya POLRUSDPERP
dYdX POL-USD
OKX POL-USDT-SWAP
gTrade (Gains Network) POL/USDShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC POL_USDT | +0.0004% | 4h | 0.1080 | 0.000% | $24.8M | $3.2M | 125x | as long as short |
| Extended POL-USDshort | +0.0008% | 1h | 0.1079 | −0.034% | $90K | $528K | 10x | |
| Binance POLUSDT | +0.0009% | 4h | 0.1079 | −0.028% | $16.4M | $31.8M | 75x | as long as short |
| BloFin POL-USDT | +0.0017% | 4h | 0.1079 | −0.074% | $888K | $133K | 75x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.918% | $3K | $124K | 12x | as long as short |
| Bybit POLUSDT | +0.0040% | 4h | 0.1078 | −0.111% | $15.3M | $8.8M | 75x | as long as short |
| BingX POL-USDT | +0.0066% | 4h | 0.1079 | −0.009% | — | $7.0M | — | as long as short |
| Aster POLUSDT | +0.0077% | 4h | 0.1079 | −0.028% | $362K | $164K | 20x | as long as short |
| Aevo POL-PERP | +0.0080% | 1h | 0.1077 | −0.185% | $39K | — | 3x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1080 | long leg | $263K | $486K | 8x | |
| Hyperliquid POL | +0.0100% | 1h | 0.1081 | +0.139% | $7.3M | $3.5M | 5x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1080 | +0.037% | $3.1M | $792K | 50x | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1078 | −0.149% | $597K | $161K | — | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1079 | −0.046% | $153K | $662K | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0202% / S −0.0373% | 1h | 0.1080 | +0.033% | $3K | — | 100x | as long as short |
MEXC POL_USDT
Binance POLUSDT
BloFin POL-USDT
Injective POL/USDC PERP
Bybit POLUSDT
BingX POL-USDT
Aster POLUSDT
Aevo POL-PERP
Hyperliquid POL
KuCoin POLUSDTM
Variational Omni POL
ApeX Omni POLUSDT
GMX POL/USD [ETH-USDC]