Funding you earn now, next payment 23:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.024%
Price spread now: Lighter RH against Polymarket Perps+0.040%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.970%−$97 · spread now +0.040%, 7d avg −0.026%
=Together, before fees−1.054%+ Points / potential airdropLighter RH: Points live · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.065% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.026%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.084% in total) that is about 5.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 201.79 | 0.0050 | pay 0.0006% / 1h | 49m 24s | $147K | $1.2M | 10x |
| Short | Lighter RH COIN | 201.87 | 0.0032 | get 0.0004% / 1h | 49m 24s | $434K | $1.8M | 10x |
Polymarket Perps COIN-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.040% → −0.026%
- $6.54
- Slippage, 4 orders
- −$11.61
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$16.85
- Costs to cover
- 0.196%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; Lighter RH: 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 Polymarket Perps live order book, 4 min ago | 1.49 bp | 7.4 bp −$7 | 7.8 bp −$78 | 9.9 bp −$992 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.25 bp | 5.6 bp −$6 | 11.2 bp −$112 | 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 | 201.98 | +0.094% | $40K | $45K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.95 | +0.078% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.89 | +0.049% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.91 | +0.057% | $15.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.91 | +0.059% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.94 | +0.074% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.92 | +0.064% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.95 | +0.081% | $759K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.01 | +0.111% | $17K | $2.0M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 201.94 | +0.074% | $1.4M | $3.8M | 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
Variational Omni COIN
GRVT COIN_USDT_Perp
QFEX COIN-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | +0.0016% | 8h | 201.96 | +0.084% | $6.9M | $9.9M | 20x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 201.87 | +0.040% | $434K | $1.8M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 202.07 | +0.139% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.81 | +0.010% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 201.79 | long leg | $147K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.94 | +0.074% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.81 | +0.010% | $349K | $3.2M | 10x | as long as short |
| Lighter COIN | +0.0096% | 1h | 201.89 | +0.052% | $368K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.95 | +0.079% | $1.0M | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.89 | +0.050% | $91K | $454K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.95 | +0.079% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.91 | +0.061% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.98 | +0.094% | $200K | $338K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.90 | +0.055% | $5K | $281K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0236% | 1h | 201.86 | +0.035% | $16.4M | $13.1M | 10x | as long as short |
| edgeX COINUSDC | +0.0744% | 4h | 201.96 | +0.084% | $52K | $293K | 10x | as long as short |
Bitget COINUSDT
Arcus COIN-USD
Vest COIN-USD-PERP
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
tradeXYZ xyz:COIN
edgeX COINUSDC