Funding you earn now, next payment 22:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.028%
Price spread now: Polymarket Perps against Lighter−0.121%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days−0.362%−$36 on $10k
+Price spread, last 3 days (all we have)+1.062%+$106 · spread now −0.121%, 7d avg −0.078%
=Together, before fees+0.700%+ Points / potential airdropLighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.042% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7245 | 0.0096 | pay 0.0012% / 1h | 2m 48s | $59.3M | $30.4M | 5x |
| Short | Polymarket Perps LIT-USD | 4.7188 | 0.0023 | get 0.0003% / 1h | 2m 48s | $446K | $105K | 10x |
Lighter LIT
Polymarket Perps LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$15.3
- Price spread: −0.121% → −0.078%
- −$4.23
- Slippage, 4 orders
- −$23.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$51.09
- Costs to cover
- 0.316%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Polymarket Perps: live order book, 20 min ago.
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, 6 min ago | 2.11 bp | 7.1 bp −$7 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 20 min ago | 2.31 bp | 12.5 bp −$12 | 35.7 bp −$357 | doesn't fit | doesn't fit |
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.1181% | 1h | 4.7169 | −0.161% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0764% | 4h | 4.7180 | −0.138% | $2.8M | $4.6M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0623% | 4h | 4.7116 | −0.273% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0600% | 1h | 4.7120 | −0.265% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0594% | 4h | 4.7140 | −0.222% | $1.3M | $2.8M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0378% | 4h | 4.7145 | −0.212% | $25.1M | $62.0M | 50x | as long as short |
| Bullet LIT-USD | −0.0356% | 1h | 4.7176 | −0.147% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0308% | 4h | 4.7172 | −0.155% | $42.7M | $30.8M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0304% | 4h | 4.7211 | −0.072% | $5.2M | $1.1M | 30x | as long as short |
| Backpack LIT_USDC_PERP | −0.0299% | 1h | 4.7210 | −0.074% | $663K | $1.5M | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTM
Backpack LIT_USDC_PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0258% | 4h | 4.7093 | −0.321% | $894K | $1.9M | 10x | as long as short |
| Aftermath Perps LITUSD | −0.0196% | 1h | 4.7231 | −0.029% | $10K | $202K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +1.008% | $660K | $404K | 50x | as long as short |
| SoDEX LIT-USD | −0.0052% | 1h | 4.7165 | −0.169% | $1K | $487K | 5x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7150 | −0.201% | $245K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0034% | 8h | 4.7162 | −0.175% | $6K | $2K | 5x | as long as short |
| Nado LIT-PERP | −0.0002% | 1h | 4.7173 | −0.151% | $2.1M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7228 | −0.037% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7210 | −0.075% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7226 | −0.041% | $747K | $2.1M | 5x | as long as short |
| Polymarket Perps LIT-USDshort | +0.0023% | 1h | 4.7188 | −0.121% | $446K | $105K | 10x | |
| Binance LITUSDT | +0.0028% | 4h | 4.7141 | −0.220% | $74.7M | $81.7M | 75x | as long as short |
| MEXC LIT_USDT | +0.0030% | 4h | 4.7135 | −0.233% | $5.8M | $4.3M | 100x | as long as short |
| edgeX LITUSDC | +0.0032% | 4h | 4.7110 | −0.286% | $287K | $311K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.683% | $422 | $178K | 5.5x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7126 | −0.252% | $147K | $44K | 3x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7245 | long leg | $59.3M | $30.4M | 5x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.7231 | −0.030% | $210.5M | $45.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7234 | −0.023% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7213 | −0.068% | $582K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7191 | −0.114% | $116K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7374 | +0.273% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7190 | −0.116% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.243% | $55K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7212 | −0.071% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7207 | −0.080% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7177 | −0.144% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7152 | −0.198% | $5.2M | $5.2M | 25x | as long as short |
| BloFin LIT-USDT | +0.0111% | 4h | 4.7170 | −0.159% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7204 | −0.087% | $31K | $843K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0357% / S −0.0155% | 1h | 4.7210 | −0.074% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0416% | 1h | 4.7263 | +0.038% | $3.7M | $14.3M | 5x | as long as short |
GRVT LIT_USDT_Perp
Aftermath Perps LITUSD
Coinbase International LIT-PERP-INTX
SoDEX LIT-USD
Phoenix LIT
Paradex LIT-USD-PERP
Nado LIT-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Binance LITUSDT
MEXC LIT_USDT
edgeX LITUSDC
Injective LIT/USDC PERP
Aevo LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT