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−$48
spread now+0.055%7d average−0.005%fees + slippage, in and out−$54spread needed0.542%
Long on LighterShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter POL0.11180.0096pay 0.0012% / 1h57m 13s$330K$535K8x
ShortKraken Futures PF_POLUSD0.1119−0.0121pay 0.0015% / 1h57m 13s$1.2M$1.7M50x

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
$5.49
Funding while held
−$6.52
Slippage, 4 orders
−$44.2
Fee Lighter: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$55.23
Spread needed to break even
0.542%
Slippage from Lighter: live order book, 40 min ago; Kraken Futures: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0217%
Per $10,000 a day
−$6.52
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, 40 min ago5.49 bp5.6 bp −$645.4 bp −$454doesn't fitdoesn't fit
Sell Kraken Futures live order book, 3 min ago5.36 bp16.2 bp −$1640.7 bp −$407doesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
Aevo0.1117cheapestBybit0.1117+0.030%Binance0.1117+0.048%OKX0.1118+0.056%Gate0.1118+0.065%BingX0.1118+0.083%Extended0.1118+0.100%ApeX Omni0.1118+0.101%Reya0.1118+0.104%Orderly0.1118+0.119%Variational Omni0.1118+0.121%
Lighter0.1118+0.141%
Aster0.1119+0.155%BloFin0.1119+0.173%MEXC0.1119+0.182%Bitget0.1119+0.191%GMX0.1119+0.194%
Kraken Futures0.1119+0.196%
dYdX0.1119+0.201%gTrade (Gains Network)0.1119+0.210%KuCoin0.1120+0.244%Coinbase International0.1120+0.280%Hyperliquid0.1120+0.316%Injective0.1131+1.265%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo POL-PERP−0.140%+0.0104%1h$41K—3xas long as short
Bybit POLUSDT−0.111%+0.0100%4h$16.1M$17.0M75xas long as short
Binance POLUSDT−0.092%+0.0100%4h$17.4M$54.4M75xas long as short
OKX POL-USDT-SWAP−0.084%−0.0005%4h$5.8M$12.6M50xas long as short
Gate POL_USDT−0.075%+0.0100%4h$1.8M$1.4M75xas long as short
BingX POL-USDT−0.057%+0.0100%4h—$7.2M—as long as short
Extended POL-USD−0.040%+0.0104%1h$93K$450K10xas long as short
ApeX Omni POLUSDT−0.039%+0.0100%1h$198K$646K50xas long as short
Reya POLRUSDPERP−0.037%−0.0006%1h$3K——as long as short
Orderly PERP_POL_USDC−0.021%−0.0105%4h$11K$248K20xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni POL−0.019%+0.0100%4h$663K$318K—as long as short
Lighter POLlong0.000%+0.0096%1h$330K$535K8x
Aster POLUSDT+0.014%+0.0100%4h$376K$531K20xas long as short
BloFin POL-USDT+0.032%+0.0340%4h$934K$174K75xas long as short
MEXC POL_USDT+0.041%+0.0100%4h$23.1M$4.0M125xas long as short
Bitget POLUSDT+0.050%+0.0100%4h$4.2M$6.1M50xas long as short
GMX POL/USD [ETH-USDC]+0.054%L +0.0215% / S −0.0699%1h$3K—100xas long as short
Kraken Futures PF_POLUSDshort+0.055%−0.0121%1h$1.2M$1.7M50x
dYdX POL-USD+0.061%+0.0515%1h$17K$3K5xas long as short
gTrade (Gains Network) POL/USD+0.069%L +0.0004% / S −0.0006%1h$21K—150xas long as short
KuCoin POLUSDTM+0.104%+0.0100%4h$3.2M$1.0M50xas long as short
Coinbase International POL-PERP-INTX+0.139%−0.0144%1h$227K$243K50xas long as short
Hyperliquid POL+0.175%+0.0347%1h$7.5M$5.3M5xas long as short
Injective POL/USDC PERP+1.123%+0.0033%1h$3K$137K12xas long as short