Funding you earn now, next payment 03:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.037%
Price spread now: Injective against Lighter+0.502%7-day average −0.304% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.533%−$153 on $10k
+Price spread, last 4 days (all we have)−4.495%−$450 · spread now +0.502%, 7d avg −0.304%
=Together, before fees−6.028%+ Points / potential airdropLighter: Season 3 · farm board−$603 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.806% dearer against Lighter than usual: you sell high and buy low (spread +0.502% now, against its 7-day average of −0.304%): +$81 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 days. At the pace of the last 7 days (−1.533% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1105 | 0.0096 | pay 0.0012% / 1h | 13m 09s | $285K | $565K | 8x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 13m 09s | $3K | $124K | 12x |
Lighter POL
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: +0.502% → −0.304%
- $80.61
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $67.43
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 42 min ago; Injective: live order book, 6 min ago. Net counts fees only.
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, 42 min ago | 7.85 bp | 10.4 bp −$10 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Injective live order book, 6 min ago | 68.03 bp | doesn't fit | 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-INTX | −0.0464% | 1h | 0.1098 | −0.674% | $202K | $198K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1105 | −0.040% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1105 | −0.034% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1106 | +0.015% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | +0.502% | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0042% | 4h | 0.1105 | −0.050% | $11K | $282K | 20x | as long as short |
| Lighter POLlong | +0.0096% | 1h | 0.1105 | long leg | $285K | $565K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1105 | −0.021% | $367K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1105 | −0.050% | $17.2M | $42.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1104 | −0.131% | $15.9M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
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 | 0.1105 | −0.077% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1105 | −0.086% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1105 | −0.023% | $23.9M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1105 | −0.014% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1105 | −0.014% | $4.2M | $4.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1105 | −0.041% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1105 | −0.038% | $612K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1106 | +0.090% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1106 | +0.050% | $196K | $635K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1105 | −0.043% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1102 | −0.299% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1106 | +0.027% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0236% | 1h | 0.1107 | +0.167% | $7.5M | $3.7M | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0259% | 1h | 0.1106 | +0.025% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1106 | +0.032% | $917K | $167K | 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
Kraken Futures PF_POLUSD
BloFin POL-USDT