Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter−0.014%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$110.114% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.014%, 7d avg −0.039%
=Together, before fees+0.075%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.024% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 339.69 | 0.0032 | pay 0.0004% / 1h | 38m 37s | $941K | $2.7M | 20x |
| Short | Polymarket Perps AAPL-USD | 339.64 | 0.0050 | get 0.0006% / 1h | 38m 37s | $279K | $424K | 10x |
Lighter AAPL
Polymarket Perps AAPL-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
- $3.78
- Price spread: −0.014% → −0.039%
- $2.41
- Slippage, 4 orders
- −$3.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$5.17
- Costs to cover
- 0.114%
- Break-even
- 16.6 days
Slippage from Lighter: live order book, 3 min ago; Polymarket Perps: live order book, 64 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, 3 min ago | 0.55 bp | 1.0 bp −$1 | 1.4 bp −$14 | 22.8 bp −$2,275 | doesn't fit |
| Sell Polymarket Perps live order book, 64 min ago | 0.88 bp | 4.9 bp −$5 | 6.0 bp −$60 | 8.0 bp −$798 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0613% | 4h | 339.71 | +0.006% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0156% | 1h | 339.78 | +0.027% | $556K | $37K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0074% | 1h | 339.61 | −0.023% | $28K | $69K | 10x | as long as short |
| BloFin AAPL-USDT | −0.0023% | 8h | 339.74 | +0.015% | $342K | $167K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.70 | +0.004% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.66 | −0.009% | $289K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.75 | +0.019% | $22.1M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.64 | −0.014% | $6.1M | $136.5M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.68 | −0.003% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.52 | −0.050% | $3.0M | $5.3M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.74 | +0.015% | $6.2M | $3.6M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.77 | +0.025% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.72 | +0.010% | $13K | $410K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.74 | +0.015% | $608 | $4.5M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.80 | +0.033% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.80 | +0.033% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.67 | −0.006% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 339.69 | long leg | $941K | $2.7M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.68 | −0.003% | $950K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.60 | −0.026% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.66 | −0.009% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.70 | +0.003% | $40.6M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USDshort | +0.0050% | 1h | 339.64 | −0.014% | $279K | $424K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.69 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.59 | −0.029% | $1.3M | $2.4M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.041% | $660K | $661K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.70 | +0.003% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.49 | −0.059% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.69 | 0.000% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.62 | −0.020% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.67 | −0.006% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.63 | −0.017% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.83 | +0.042% | $5K | $12K | 20x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL