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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.067%
7d average−0.103%if it closes, per $10,000$7funding while held, a day+$0.12
Long on LighterShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter POL0.11230.0096pay 0.0012% / 1h23m 38s$331K$538K8x
ShortVariational Omni POL0.11240.0100get 0.0050% / 4h3h 23m$671K$318K—

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
$6.74
Funding while held
$0.12
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$6.86
Spread needed to break even
0.000%
Slippage unknown: Lighter: live order book, 13 min ago; Variational Omni: RFQ quote, 22 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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, 13 min ago5.49 bp5.6 bp −$645.4 bp −$454doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 22 min ago8.83 bpdoesn't fit44.2 bp −$442doesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
Aevo0.1121cheapestOKX0.1121+0.014%Gate0.1121+0.014%Coinbase International0.1121+0.014%Bybit0.1121+0.023%Reya0.1121+0.058%Extended0.1122+0.068%Binance0.1122+0.086%MEXC0.1122+0.095%BingX0.1122+0.095%Bitget0.1122+0.103%Orderly0.1122+0.112%BloFin0.1123+0.157%GMX0.1123+0.162%dYdX0.1123+0.163%KuCoin0.1123+0.166%Aster0.1123+0.175%
Lighter0.1123+0.176%
gTrade (Gains Network)0.1123+0.186%Kraken Futures0.1123+0.223%
Variational Omni0.1124+0.243%
ApeX Omni0.1124+0.282%Hyperliquid0.1124+0.300%Injective0.1131+0.906%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo POL-PERP−0.175%+0.0104%1h$41K—3xas long as short
OKX POL-USDT-SWAP−0.161%−0.0027%4h$5.8M$12.6M50xas long as short
Gate POL_USDT−0.161%−0.0032%4h$1.8M$1.5M75xas long as short
Coinbase International POL-PERP-INTX−0.161%−0.0344%1h$230K$241K50xas long as short
Bybit POLUSDT−0.152%+0.0100%4h$16.1M$17.0M75xas long as short
Reya POLRUSDPERP−0.117%−0.0006%1h$3K——as long as short
Extended POL-USD−0.108%+0.0104%1h$94K$450K10xas long as short
Binance POLUSDT−0.090%+0.0100%4h$17.2M$54.3M75xas long as short
MEXC POL_USDT−0.081%+0.0100%4h$23.2M$4.3M125xas long as short
BingX POL-USDC−0.081%+0.0100%4h—$1.6M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget POLUSDT−0.072%+0.0100%4h$4.2M$6.1M50xas long as short
Orderly PERP_POL_USDC−0.063%−0.0118%4h$11K$253K20xas long as short
BloFin POL-USDT−0.019%+0.0340%4h$927K$185K75xas long as short
GMX POL/USD [ETH-USDC]−0.013%L +0.0215% / S −0.0699%1h$3K—100xas long as short
dYdX POL-USD−0.012%+0.0175%1h$17K$3K5xas long as short
KuCoin POLUSDTM−0.010%+0.0100%4h$3.2M$1.0M50xas long as short
Aster POLUSDT−0.001%+0.0100%4h$379K$530K20xas long as short
Lighter POLlong0.000%+0.0096%1h$331K$538K8x
gTrade (Gains Network) POL/USD+0.010%L +0.0004% / S −0.0006%1h$22K—150xas long as short
Kraken Futures PF_POLUSD+0.047%−0.0207%1h$1.2M$1.7M50xas long as short
Variational Omni POLshort+0.067%+0.0100%4h$671K$318K—
ApeX Omni POLUSDT+0.106%+0.0100%1h$199K$648K50xas long as short
Hyperliquid POL+0.124%+0.0955%1h$7.5M$5.2M5xas long as short
Injective POL/USDC PERP+0.729%+0.0033%1h$3K$137K12xas long as short