Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Polymarket Perps against Lighter+0.029%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 7 days+0.217%+$22 · spread now +0.029%, 7d avg +0.105%
=Together, before fees+0.568%+ Points / potential airdropLighter: Season 3 · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.076% cheaper against Lighter than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.105%). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.351% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 97.070 | 0.0032 | pay 0.0004% / 1h | 19m 59s | $3.3M | $4.0M | 20x |
| Short | Polymarket Perps BRENTOIL-USD | 97.098 | 0.0050 | get 0.0006% / 1h | 19m 59s | $1.6M | $405K | 20x |
Lighter BRENTOIL
Polymarket Perps BRENTOIL-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: +0.029% → +0.105%
- −$7.61
- Slippage, 4 orders
- −$7.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$19.6
- Costs to cover
- 0.158%
- Break-even
- 43.3 days
Slippage from Lighter: live order book, 13 min ago; Polymarket Perps: live order book, 3 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, 13 min ago | 0.51 bp | 0.5 bp −$1 | 0.9 bp −$9 | 9.2 bp −$919 | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.68 bp | 8.1 bp −$8 | 8.3 bp −$83 | 18.3 bp −$1,831 | doesn't fit |
BZ on 31 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 BRENT/USDC PERP | −0.0220% | 1h | 96.605 | −0.479% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0059% | 1h | 97.040 | −0.031% | $100K | $255K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.110 | +0.041% | $236K | $416K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.106 | +0.037% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.061 | −0.009% | $148.0M | $352.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.060 | −0.010% | $10.2M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.040 | −0.031% | $16.0M | $19.4M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.029 | −0.043% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.020 | −0.052% | $9.2M | $11.1M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.070 | 0.000% | $27.8M | $18.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.058 | −0.012% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.086 | +0.016% | $18K | $331K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.070 | 0.000% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.030 | −0.041% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.540 | +0.484% | $1.2M | $86K | 100x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0003% | 1h | 96.990 | −0.082% | $3.1M | $1.0M | 15x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.10 | +4.152% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.627 | +0.574% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0013% | 4h | 97.075 | +0.005% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOILlong | +0.0032% | 1h | 97.070 | long leg | $3.3M | $4.0M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.081 | +0.012% | $735K | $3.0M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.042 | −0.029% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.081 | +0.011% | $154.9M | $114.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USDshort | +0.0050% | 1h | 97.098 | +0.029% | $1.6M | $405K | 20x | |
| BloFin BZ-USDT | +0.0060% | 4h | 97.070 | 0.000% | $1.5M | $98K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0096% | 1h | 97.117 | +0.048% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.040 | −0.031% | $3.8M | $800K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.100 | +0.031% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.068 | −0.002% | $82K | $200K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0184% | 1h | 97.100 | +0.031% | $33K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.075 | +0.005% | $115K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Ondo Perps BRENT-USD.P
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
BloFin BZ-USDT
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]