Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004989 | +0.0096 | pay 0.0012% / 1h | 45m 48s | $996K | $3.3M | 10x | Long Lighter7d free | |
| SHORT | 0.000004982 | +0.0100 | get 0.0013% / 1h | 45m 48s | $327K | $296K | 10x | Short Polymarket Perps |
Price gap−0.140%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.065% under its 7d average: the price leg works against you, −$6 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16+0.0004% /8h now · paid −0.163% over the last 7D
Price−$6spread −0.140% now, avg −0.075% → −0.065% if it goes back
Costs−$250.249% of $10k · taker + slippage, in and out
Result−$48−0.48%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.140%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books3.0 / 8.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Lighter 10x, Polymarket Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter: 24 payments, −$2.88; short Polymarket Perps: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.140% vs −0.075%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$327K vs $996K OIPolymarket Perps sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legLighter No · Polymarket Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0078%/8h × 21 periods−$16.33
Price spread−0.140% → −0.075% (7d avg)−$6.49
Slippage, 4 orderslive order books−$16.94
Fee Lighter bp × 2 orders$0.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$47.76
Costs to cover0.249%Break-evennever at this rate
Slippage: Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter3.003.0 bp−$313.3 bp−$13336.3 bp−$3,625doesn’t fit
SELL · SHORTPolymarket Perps4.018.0 bp−$811.4 bp−$114doesn’t fitdoesn’t fit
Closing costs about the same again.
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