Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004995 | +0.0100 | pay 0.0013% / 1h | 31m 32s | $333K | $370K | 10x | Long Polymarket Perps | |
| SHORT | 0.000005005 | +0.0096 | get 0.0012% / 1h | 31m 32s | $999K | $5.1M | 10x | Short Lighter7d free |
Price gap+0.200%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$13 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17−0.0004% /8h now · paid +0.168% over the last 7D
Price+$13spread +0.200% now, avg +0.075% → +0.125% if it goes back
Costs−$260.257% of $10k · taker + slippage, in and out
Result+$4+0.04%+ 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+0.200%
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
5 ok · 1 to watch- OK: Fits both order books8.0 / 6.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Polymarket Perps 10x, Lighter 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 Polymarket Perps: 24 payments, −$3.00; short Lighter: 24 payments, +$2.88.
- OK: Entry gap works for you+0.200% vs +0.075%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$333K vs $999K 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 legPolymarket Perps No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0080%/8h × 21 periods+$16.82
Price spread+0.200% → +0.075% (7d avg)+$12.51
Slippage, 4 orderslive order books−$17.67
Fee Polymarket Perps bp × 2 orders−$8.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$3.66
Costs to cover0.257%Break-even5.5 days
Slippage: Polymarket Perps: live order book, 21 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPolymarket Perps4.018.0 bp−$89.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTLighter1.996.7 bp−$716.8 bp−$16847.4 bp−$4,743doesn’t fit
Closing costs about the same again.
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