Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against Lighter−0.202%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.202% cheaper against Lighter than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.5201 | 0.0096 | pay 0.0012% / 1h | 54m 18s | $551K | $375K | 5x |
| Short | Polymarket Perps PENDLE-USD | 2.5150 | 0.0100 | get 0.0013% / 1h | 54m 18s | $16K | $19K | 5x |
Lighter PENDLE
Polymarket Perps PENDLE-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
- $0.84
- Price spread: −0.202% → 0.000%
- −$20.24
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$27.4
- Costs to cover
- 0.080%
- Break-even
- 235.3 days
Slippage unknown: Lighter: live order book, 30 min ago; Polymarket Perps: 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, 30 min ago | 8.07 bp | 8.9 bp −$9 | 62.8 bp −$628 | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: 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.
PENDLE on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.4806% | 1h | 2.4860 | −1.353% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0430% | 1h | 2.5193 | −0.032% | $159K | $259K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0068% | 1h | 2.5166 | −0.139% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5214 | +0.054% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0010% | 8h | 2.5125 | −0.302% | $607K | $2.3M | — | as long as short |
| BloFin PENDLE-USDT | +0.0018% | 8h | 2.5219 | +0.071% | $1.3M | $800K | 75x | as long as short |
| Extended PENDLE-USD | +0.0032% | 1h | 2.5162 | −0.154% | $165K | $524K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0033% | 1h | 2.5143 | −0.228% | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5174 | −0.107% | $23K | $8K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0035% | 8h | 2.5145 | −0.222% | $16.9M | $2.2M | 125x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Variational Omni PENDLE
BloFin PENDLE-USDT
Extended PENDLE-USD
Reya PENDLERUSDPERP
Orderly PERP_PENDLE_USDC
MEXC PENDLE_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PENDLEUSDT | +0.0036% | 8h | 2.5166 | −0.139% | $27.5M | $38.9M | 75x | as long as short |
| Aster PENDLEUSDT | +0.0076% | 8h | 2.5183 | −0.071% | $41K | $177K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5163 | −0.151% | $26K | — | 3x | as long as short |
| Lighter PENDLElong | +0.0096% | 1h | 2.5201 | long leg | $551K | $375K | 5x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5159 | −0.166% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5168 | −0.131% | $12.4M | $5.5M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5144 | −0.226% | $15.6M | $12.3M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5170 | −0.123% | $3.2M | $5.6M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5100 | −0.401% | $847K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5136 | −0.258% | $908K | $607K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5149 | −0.206% | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5156 | −0.179% | — | $36.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5141 | −0.239% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5138 | −0.250% | $427K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5100 | −0.401% | $77K | $239K | 50x | as long as short |
| Polymarket Perps PENDLE-USDshort | +0.0100% | 1h | 2.5150 | −0.202% | $16K | $19K | 5x | |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5199 | −0.008% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5173 | −0.112% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5240 | +0.155% | $118K | $438K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0671% | 1h | 2.5287 | +0.341% | $366K | $466K | 15x | as long as short |
Binance PENDLEUSDT
Aster PENDLEUSDT
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP