Funding you earn now, next payment 00:00 UTC−0.0302%/8h= −33.1% APRnext payment −$0.38 per $10,000 · paid last 24h −0.057%
Price spread now: Polymarket Perps against Lighter−0.125%45s7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as 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−$120.116% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.125%, 7d avg −0.066%
=Together, before fees+0.032%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Polymarket Perps is 0.060% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.066%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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 AMZN | 259.36 | 0.0352 | pay 0.0044% / 1h | 18m 45s | $834K | $1.1M | 20x |
| Short | Polymarket Perps AMZN-USD | 259.03 | 0.0050 | get 0.0006% / 1h | 18m 45s | $304K | $315K | 10x |
Lighter AMZN
Polymarket Perps AMZN-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
- −$63.42
- Price spread: −0.125% → −0.066%
- −$5.96
- Slippage, 4 orders
- −$3.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$80.95
- Costs to cover
- 0.116%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Polymarket Perps: live order book, 58 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, 2 min ago | 0.25 bp | 0.3 bp $0 | 1.4 bp −$14 | 79.9 bp −$7,987 | doesn't fit |
| Sell Polymarket Perps live order book, 58 min ago | 0.58 bp | 4.6 bp −$5 | 6.1 bp −$61 | 7.9 bp −$786 | doesn't fit |
AMZN on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AMZN-PERP | −0.0040% | 1h | 259.13 | −0.087% | $33K | — | 20x | as long as short |
| Aster AMZNUSDT | 0.0000% | 8h | 259.13 | −0.087% | $203K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.12 | −0.091% | $765K | $2.6M | 100x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.15 | −0.079% | $27K | $177K | 10x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.37 | +0.006% | $719K | $1.6M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.07 | −0.110% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USDshort | +0.0050% | 1h | 259.03 | −0.125% | $304K | $315K | 10x | |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.19 | −0.064% | $625 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 258.94 | −0.160% | $1.3M | $1.3M | 10x | as long as short |
| QFEX AMZN-USD | +0.0053% | 1h | 259.18 | −0.067% | $1.4M | $4.5M | 10x | as long as short |
Hotstuff AMZN-PERP
Aster AMZNUSDT
Gate AMZN_USDT
Deribit AMZN_USDC-PERPETUAL
Lighter RH AMZN
Vest AMZN-USD-PERP
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AMZN-PERP-INTX | +0.0064% | 1h | 259.00 | −0.137% | $940K | $2.7M | 10x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.13 | −0.087% | $1.5M | $615K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.08 | −0.106% | $92K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.25 | −0.040% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.20 | −0.061% | $14K | $510 | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0135% | 8h | 259.40 | +0.017% | $2.9M | $4.4M | 20x | as long as short |
| GRVT AMZN_USDT_Perp | +0.0157% | 8h | 259.37 | +0.004% | $7K | $1.8M | 10x | as long as short |
| tradeXYZ xyz:AMZN | +0.0197% | 1h | 259.24 | −0.044% | $28.5M | $10.9M | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.49 | +0.052% | $75K | $27K | 30x | as long as short |
| Variational Omni AMZN | +0.0243% | 8h | 259.26 | −0.035% | $1.8M | $1.4M | — | as long as short |
| Nado AMZN-PERP | +0.0247% | 1h | 259.03 | −0.127% | $414K | $122K | 20x | as long as short |
| Binance AMZNUSDT | +0.0256% | 8h | 259.33 | −0.010% | $16.2M | $31.0M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0256% | 1h | 259.27 | −0.032% | $497K | $2.5M | 10x | as long as short |
| Arcus AMZN-USD | +0.0274% | 1h | 259.11 | −0.094% | $197K | $233K | 10x | as long as short |
| Bitget AMZNUSDT | +0.0292% | 8h | 259.30 | −0.021% | $4.8M | $4.0M | 100x | as long as short |
| Phoenix AMZN | +0.0309% | 1h | 259.21 | −0.056% | $5K | $98K | 20x | as long as short |
| Lighter AMZNlong | +0.0352% | 1h | 259.36 | long leg | $834K | $1.1M | 20x | |
| Bybit AMZNUSDT | +0.0352% | 8h | 259.41 | +0.021% | $3.7M | $3.2M | 100x | as long as short |
| BloFin AMZN-USDT | +0.0375% | 8h | 259.25 | −0.040% | $178K | $215K | 20x | as long as short |
| edgeX AMZNUSDC | +0.0803% | 4h | 259.35 | −0.003% | $28K | $247K | 10x | as long as short |
Coinbase International AMZN-PERP-INTX
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
OKX AMZN-USDT-SWAP
GRVT AMZN_USDT_Perp
tradeXYZ xyz:AMZN
Injective AMZN/USDC PERP
Variational Omni AMZN
Nado AMZN-PERP
Binance AMZNUSDT
Extended AMZN_24_5-USD
Arcus AMZN-USD
Bitget AMZNUSDT
Phoenix AMZN
Bybit AMZNUSDT
BloFin AMZN-USDT
edgeX AMZNUSDC