Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.071%
Price spread now: Orderly against Lighter−0.071%7-day average −0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.631%−$63 on $10k
+Price spread, last 4 days (all we have)−1.504%−$150 · spread now −0.071%, 7d avg −0.088%
=Together, before fees−2.135%+ Points / potential airdropLighter: Season 3 · farm board−$214 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POL | 0.1106 | 0.0096 | pay 0.0012% / 1h | 10m 38s | $285K | $565K | 8x |
| Short | Orderly PERP_POL_USDC | 0.1106 | 0.0042 | get 0.0021% / 4h | 1h 10m | $11K | $271K | 20x |
Lighter POL
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$11.27
- Price spread: −0.071% → −0.088%
- $1.76
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$15.52
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 45 min ago; Orderly: no order-book sample. 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, 45 min ago | 7.85 bp | 10.4 bp −$10 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1103 | −0.306% | $203K | $199K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1105 | −0.102% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1105 | −0.118% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1106 | −0.019% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.418% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDCshort | +0.0042% | 4h | 0.1106 | −0.071% | $11K | $271K | 20x | |
| Lighter POLlong | +0.0096% | 1h | 0.1106 | long leg | $285K | $565K | 8x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1106 | −0.069% | $368K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1106 | −0.009% | $17.2M | $42.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1105 | −0.089% | $15.9M | $11.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
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 | 0.1106 | −0.071% | $5.7M | $10.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1105 | −0.098% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1106 | −0.016% | $24.5M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1106 | −0.007% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1106 | +0.002% | $4.2M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1106 | −0.034% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1104 | −0.226% | $611K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1105 | −0.134% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1105 | −0.125% | $196K | $634K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1106 | −0.030% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1105 | −0.080% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1106 | −0.018% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0229% | 1h | 0.1108 | +0.153% | $7.5M | $3.7M | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0259% | 1h | 0.1107 | +0.078% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1105 | −0.170% | $916K | $167K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
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