USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.012%

Price spread now: Polymarket Perps against Lighter+0.234%45s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2002.002% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.277%−$28 · spread now +0.234%, 7d avg +0.059%

Together, before fees−0.403%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.175% dearer against Lighter than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.059%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter USELESS	0.2608	0.0096	pay 0.0012% / 1h	31m 37s	$1.2M	$1.2M	3x
Short	Polymarket Perps USELESS-USD	0.2614	0.0100	get 0.0013% / 1h	31m 37s	$25K	$233K	3x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.234%Rate

Funding earned: $0.84
Price spread: +0.234% → +0.059%: $17.49
Slippage, 4 orders: −$192.19
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$181.86
Costs to cover: 2.002%
Break-even: 1522.5 days

Slippage from Lighter: live order book, 4 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, 4 min ago	6.12 bp	21.5 bp −$22	86.9 bp −$869	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 20 min ago	4.37 bp	73.6 bp −$74	doesn't fit	doesn't fit	doesn't fit

USELESS on 24 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
Lighter USELESSlong	+0.0096%	1h	0.2608	long leg	$1.2M	$1.2M	3x
Pacifica USELESS	+0.0100%	1h	0.2610	+0.061%	$28K	$18K	3x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2618	+0.380%	$36K	$696K	25x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2614	+0.234%	$25K	$233K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2611	+0.123%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2602	−0.230%	$18K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2613	+0.180%	$599K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0168%	1h	0.2612	+0.153%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0190%	4h	0.2610	+0.084%	$8.8M	$63.1M	10x	as long as short
Bitget USELESSUSDT	+0.0204%	4h	0.2611	+0.119%	$5.0M	$10.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0218%	4h	0.2610	+0.081%	$4.7M	$10.7M	12x	as long as short
Aster USELESSUSDT	+0.0261%	4h	0.2610	+0.059%	$516K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0356%	4h	0.2618	+0.382%	$19K	$197K	10x	as long as short
Binance USELESSUSDT	+0.0360%	4h	0.2608	+0.015%	$21.8M	$121.7M	50x	as long as short
Extended USELESS-USD	+0.0360%	1h	0.2608	−0.001%	$112K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0360%	4h	0.2610	+0.054%	$10.5M	$6.0M	50x	as long as short
Hyperliquid USELESS	+0.0386%	1h	0.2610	+0.069%	$11.4M	$22.7M	3x	as long as short
Gate USELESS_USDT	+0.0462%	4h	0.2607	−0.046%	$6.5M	$8.6M	50x	as long as short
Variational Omni USELESS	+0.0590%	4h	0.2630	+0.824%	$1.1M	$1.8M	—	as long as short
BingX USELESS-USDT	+0.0822%	4h	0.2615	+0.257%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.1038%	4h	0.2611	+0.107%	$24.6M	$48.5M	13x	as long as short
BloFin USELESS-USDT	+0.1063%	4h	0.2619	+0.422%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1301%	4h	0.2612	+0.169%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2767	+6.085%	$5K	$11K	5.5x	as long as short