Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against Polymarket Perps+0.144%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now +0.144%, 7d avg −0.017%
=Together, before fees−0.090%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.161% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of −0.017%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 194.16 | 0.0050 | pay 0.0006% / 1h | 26m 24s | $134K | $1.4M | 10x |
| Short | Lighter COIN | 194.44 | 0.0032 | get 0.0004% / 1h | 26m 24s | $358K | $2.0M | 10x |
Polymarket Perps COIN-USD
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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: +0.144% → −0.017%
- $16.13
- Slippage, 4 orders
- −$6.94
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.59
- Costs to cover
- 0.149%
- Break-even
- from the start
Slippage from Polymarket Perps: live order book, 37 min ago; Lighter: live order book, 5 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 Polymarket Perps live order book, 37 min ago | 2.05 bp | 6.2 bp −$6 | 6.5 bp −$65 | 8.2 bp −$824 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.62 bp | 0.9 bp −$1 | 1.5 bp −$15 | doesn't fit | 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 | 194.86 | +0.361% | $17K | $53K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0068% | 1h | 193.85 | −0.160% | — | $319K | 25x | as long as short |
| Bitget COINUSDT | −0.0055% | 8h | 194.41 | +0.129% | $6.3M | $10.2M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 194.35 | +0.100% | $339K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 194.26 | +0.052% | $4.6M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 194.34 | +0.093% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 194.37 | +0.108% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 194.80 | +0.331% | $657K | $981K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 194.84 | +0.350% | $17K | $3.0M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 194.32 | +0.084% | $103K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Bitget COINUSDT
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0019% | 8h | 194.36 | +0.104% | $14.6M | $81.5M | 20x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 194.44 | +0.144% | $358K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 194.27 | +0.057% | $468K | $1.3M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 194.55 | +0.201% | $17K | $49K | 5x | as long as short |
| edgeX COINUSDC | +0.0045% | 4h | 194.82 | +0.339% | $50K | $296K | 10x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 194.32 | +0.082% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 194.16 | 0.000% | $15.4M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 194.16 | long leg | $134K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 194.46 | +0.155% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.28 | +0.062% | $422K | $2.5M | 10x | as long as short |
| BloFin COIN-USDT | +0.0079% | 8h | 194.45 | +0.149% | $187K | $481K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 194.32 | +0.082% | $978K | $194K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 194.72 | +0.288% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 194.50 | +0.175% | $562 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 194.48 | +0.167% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 194.74 | +0.299% | $4K | $283K | 10x | as long as short |
Binance COINUSDT
Lighter RH COIN
Arcus COIN-USD
edgeX COINUSDC
QFEX COIN-USD
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN