Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Lighter−0.063%7-day average +0.023% · 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−$22as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.063%, 7d avg +0.023%
=Together, before fees+0.236%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 201.71 | 0.0104 | pay 0.0013% / 1h | 30m 15s | $375K | $1.8M | 10x |
| Short | Polymarket Perps COIN-USD | 201.58 | 0.0050 | get 0.0006% / 1h | 30m 15s | $129K | $1.2M | 10x |
Lighter COIN
Polymarket Perps COIN-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
- −$11.34
- Price spread: −0.063% → +0.023%
- −$8.57
- Slippage, 4 orders
- −$5.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$33.63
- Costs to cover
- 0.137%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 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, 1 min ago | 0.40 bp | 1.0 bp −$1 | 2.7 bp −$27 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 1.49 bp | 5.9 bp −$6 | 7.5 bp −$75 | 10.5 bp −$1,054 | doesn't fit |
COIN on 26 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 COIN/USDC PERP | −0.0440% | 1h | 201.69 | −0.008% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.64 | −0.035% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.66 | −0.024% | $120K | $814K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.71 | +0.001% | $15.8M | $75.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.73 | +0.011% | $5.1M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.74 | +0.016% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.74 | +0.016% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.82 | +0.056% | $6.9M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.69 | −0.007% | $839K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.54 | −0.083% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.70 | −0.003% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.65 | −0.028% | $434K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.71 | +0.001% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.52 | −0.093% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.64 | −0.033% | $16.6M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 201.58 | −0.063% | $129K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.68 | −0.013% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.58 | −0.063% | $357K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.80 | +0.046% | $1.0M | $125K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.44 | −0.132% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.66 | −0.023% | $583 | $4K | 10x | as long as short |
| Lighter COINlong | +0.0104% | 1h | 201.71 | long leg | $375K | $1.8M | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 201.67 | −0.020% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.74 | +0.016% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.53 | −0.088% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0611% | 4h | 201.54 | −0.082% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC