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−$22
spread now+0.158%7d average+0.040%fees + slippage, in and out−$34spread needed0.340%
Long on LighterShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter POL0.11070.0096pay 0.0012% / 1h16m 51s$329K$546K8x
ShortHyperliquid POL0.11090.0271get 0.0034% / 1h16m 51s$7.5M$4.6M5x

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
$15.81
Funding while held
$5.24
Slippage, 4 orders
−$24.98
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$12.94
Spread needed to break even
0.340%
Slippage from Lighter: live order book, 10 min ago; Hyperliquid: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0175%
Per $10,000 a day
+$5.24
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, 10 min ago5.06 bp5.6 bp −$648.3 bp −$483doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.45 bp5.0 bp −$5doesn't fitdoesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1104cheapestAevo0.1105+0.107%Coinbase International0.1105+0.114%Gate0.1106+0.169%Reya0.1106+0.172%Orderly0.1106+0.178%MEXC0.1106+0.205%ApeX Omni0.1106+0.205%Extended0.1106+0.206%Bybit0.1106+0.223%Bitget0.1106+0.223%OKX0.1106+0.232%BingX0.1106+0.232%BloFin0.1106+0.232%GMX0.1106+0.242%Binance0.1106+0.250%gTrade (Gains Network)0.1107+0.257%Kraken Futures0.1107+0.275%
Lighter0.1107+0.282%
Aster0.1107+0.296%dYdX0.1107+0.305%KuCoin0.1107+0.305%Injective0.1108+0.386%
Hyperliquid0.1109+0.440%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni POL−0.281%+0.0100%4h$653K$302K—as long as short
Aevo POL-PERP−0.174%+0.0104%1h$40K—3xas long as short
Coinbase International POL-PERP-INTX−0.167%−0.0016%1h$202K$267K50xas long as short
Gate POL_USDT−0.113%+0.0100%4h$1.9M$1.4M75xas long as short
Reya POLRUSDPERP−0.109%−0.0006%1h$3K——as long as short
Orderly PERP_POL_USDC−0.104%−0.0072%4h$11K$225K20xas long as short
MEXC POL_USDT−0.077%+0.0100%4h$23.1M$4.1M125xas long as short
ApeX Omni POLUSDT−0.077%+0.0100%1h$196K$642K50xas long as short
Extended POL-USD−0.076%+0.0104%1h$92K$448K10xas long as short
Bybit POLUSDT−0.059%+0.0100%4h$15.9M$16.8M75xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget POLUSDT−0.059%+0.0100%4h$4.1M$6.0M50xas long as short
OKX POL-USDT-SWAP−0.050%+0.0032%4h$5.7M$12.4M50xas long as short
BingX POL-USDT−0.050%+0.0100%4h—$7.2M—as long as short
BloFin POL-USDT−0.050%+0.0340%4h$914K$168K75xas long as short
GMX POL/USD [ETH-USDC]−0.040%L +0.0211% / S −0.0606%1h$3K—100xas long as short
Binance POLUSDT−0.032%+0.0100%4h$16.9M$53.0M75xas long as short
gTrade (Gains Network) POL/USD−0.024%L +0.0004% / S −0.0006%1h$22K—150xas long as short
Kraken Futures PF_POLUSD−0.007%−0.0250%1h$1.2M$1.8M50xas long as short
Lighter POLlong0.000%+0.0096%1h$329K$546K8x
Aster POLUSDT+0.014%+0.0068%4h$368K$388K20xas long as short
dYdX POL-USD+0.023%0.0000%1h$17K$3K5xas long as short
KuCoin POLUSDTM+0.023%+0.0100%4h$2.8M$1.1M50xas long as short
Injective POL/USDC PERP+0.104%+0.0033%1h$3K$115K12xas long as short
Hyperliquid POLshort+0.158%+0.0271%1h$7.5M$4.6M5x