Funding you earn now, next payment 00:00 UTC−0.0948%/8h= −103.8% APRnext payment −$1.19 per $10,000 · paid last 24h −0.170%
Price spread now: Polymarket Perps against Lighter−0.221%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 7 days−0.347%−$35 on $10k
+Price spread, last 3 days (all we have)+0.605%+$60 · spread now −0.221%, 7d avg −0.115%
=Together, before fees+0.258%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Polymarket Perps is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.347% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 9.0538 | 0.1048 | pay 0.0131% / 1h | 55m 16s | $4.6M | $5.1M | 15x |
| Short | Polymarket Perps UNI-USD | 9.0338 | 0.0100 | get 0.0013% / 1h | 55m 16s | $87K | $355K | 10x |
Lighter UNI
Polymarket Perps UNI-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
- −$199.08
- Price spread: −0.221% → −0.115%
- −$10.56
- Slippage, 4 orders
- −$21.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$238.89
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Polymarket Perps: live order book, 22 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, 8 min ago | 1.39 bp | 8.7 bp −$9 | 21.4 bp −$214 | 100.0 bp −$10.0K | doesn't fit |
| Sell Polymarket Perps live order book, 22 min ago | 2.25 bp | 6.4 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
UNI on 40 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 UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −2.472% | $660 | $155K | 12x | as long as short |
| Variational Omni UNI | −0.0010% | 8h | 9.0073 | −0.514% | $4.0M | $4.4M | — | as long as short |
| dYdX UNI-USD | 0.0000% | 1h | 9.0088 | −0.497% | $249K | $6K | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0326 | −0.235% | $63K | — | 150x | as long as short |
| Bybit UNIUSDT | +0.0038% | 8h | 9.0310 | −0.252% | $103.1M | $103.8M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0072% | 8h | 9.0270 | −0.296% | $55.7M | $248.4M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0226 | −0.344% | $26K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0225 | −0.346% | $957K | $4.1M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0383 | −0.171% | $1.1M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0126 | −0.455% | $301K | $586K | 10x | as long as short |
Injective UNI/USDC PERP
Variational Omni UNI
dYdX UNI-USD
gTrade (Gains Network) UNI/USD
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 9.0344 | −0.214% | $222.7M | $593.6M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0350 | −0.208% | $279K | $619K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.0330 | −0.230% | $23.2M | $57.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0330 | −0.230% | $43.6M | $23.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0300 | −0.263% | $13.7M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0330 | −0.230% | $32.8M | $41.3M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 9.0300 | −0.263% | — | $51.7M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0073 | −0.514% | $169K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0062 | −0.526% | $627K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0130 | −0.451% | $89K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0170 | −0.406% | $108K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USDshort | +0.0100% | 1h | 9.0338 | −0.221% | $87K | $355K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.0330 | −0.230% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.0391 | −0.162% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.0350 | −0.208% | $25K | $654K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0442 | −0.106% | $740K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0350 | −0.208% | $27.2M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0298 | −0.265% | $301K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0340 | −0.218% | $32K | $1K | 3x | as long as short |
| Backpack UNI_USDC_PERP | +0.0182% | 1h | 9.0263 | −0.304% | $1.0M | $2.3M | 10x | as long as short |
| 01 Exchange UNIUSD | +0.0216% | 1h | 9.0340 | −0.219% | $451 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0360 | −0.197% | $10.0M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.0390 | −0.163% | $1.1M | $5.4M | 50x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0285% | 1h | 9.0399 | −0.153% | $582K | $173K | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0363% | 1h | 9.0280 | −0.285% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 9.0331 | −0.229% | $568K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0560% | 1h | 9.0401 | −0.152% | $5.1M | $7.1M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0702% | 1h | 8.9958 | −0.640% | $1K | $49K | 10x | as long as short |
| Hyperliquid UNI | +0.0792% | 1h | 9.0444 | −0.104% | $99.7M | $59.6M | 10x | as long as short |
| Lighter UNIlong | +0.1048% | 1h | 9.0538 | long leg | $4.6M | $5.1M | 15x |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Backpack UNI_USDC_PERP
01 Exchange UNIUSD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Deribit UNI_USDC-PERPETUAL
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD
Hyperliquid UNI