Funding you earn now, next payment 02:00 UTC−0.0244%/8h= −26.8% APRpaid last 24h −0.022%
Price spread now: Polymarket Perps against Binance+0.015%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 2 days (all we have)−0.050%−$5 · spread now +0.015%, 7d avg −0.010%
=The price spread pays, funding is against you. Polymarket Perps is 0.025% dearer against Binance than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.010%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment. 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 | Binance LITEUSDT | 961.07 | 0.0294 | pay 0.0294% / 8h | 6h 26m | $13.7M | $44.0M | 25x |
| Short | Polymarket Perps LITE-USD | 961.21 | 0.0050 | get 0.0006% / 1h | 26m 29s | $75K | $228K | 10x |
Binance LITEUSDT
Polymarket Perps LITE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Binance. 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
- −$51.33
- Price spread: +0.015% → −0.010%
- $2.48
- Slippage, 4 orders
- −$14.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$81.72
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; Polymarket Perps: live order book, 41 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 Binance live order book, 16 min ago | 1.56 bp | 8.5 bp −$9 | 22.1 bp −$221 | 82.0 bp −$8,205 | doesn't fit |
| Sell Polymarket Perps live order book, 41 min ago | 3.21 bp | 7.2 bp −$7 | 7.8 bp −$78 | doesn't fit | doesn't fit |
LITE 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0232% | 1h | 965.50 | +0.461% | $111K | $195K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 960.98 | −0.009% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 961.34 | +0.028% | $1.9M | $1.6M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 961.30 | +0.024% | $3.8M | $17.7M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 961.09 | +0.002% | $8.0M | $5.9M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 960.88 | −0.020% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 960.25 | −0.085% | $893 | $192K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 960.80 | −0.028% | $706 | $3.9M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 960.92 | −0.016% | $7K | $32K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 960.85 | −0.023% | $1.5M | $683K | 10x | as long as short |
Coinbase International LITE-PERP-INTX
Aster LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
SunX LITE-USDT
HTX LITE-USDT
Phemex LITEUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX LITE-USD | +0.0028% | 1h | 961.04 | −0.003% | $1.1M | $5.0M | 10x | as long as short |
| Lighter LITE | +0.0032% | 1h | 960.53 | −0.056% | $27K | $101K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 960.68 | −0.041% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USDshort | +0.0050% | 1h | 961.21 | +0.015% | $75K | $228K | 10x | |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 960.89 | −0.019% | $168K | $163K | 10x | as long as short |
| SoDEX LITE-USD | +0.0096% | 1h | 960.38 | −0.072% | $23K | $10K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 960.07 | −0.104% | $519K | $39K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 959.79 | −0.133% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 960.51 | −0.058% | $934 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 960.52 | −0.057% | — | — | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0181% | 1h | 960.57 | −0.052% | $7.2M | $5.2M | 10x | as long as short |
| Variational Omni LITE | +0.0188% | 8h | 958.95 | −0.220% | $241K | $122K | — | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0229% | 1h | 960.45 | −0.065% | $19K | $37K | 10x | as long as short |
| edgeX LITEUSDC | +0.0245% | 4h | 960.75 | −0.033% | $70K | $453K | 10x | as long as short |
| Binance LITEUSDTlong | +0.0294% | 8h | 961.07 | long leg | $13.7M | $44.0M | 25x | |
| Extended LITE-USD | +0.0296% | 1h | 960.32 | −0.078% | $10K | $201K | 10x | as long as short |
QFEX LITE-USD
Lighter LITE
Vest LITE-USD-PERP
Ondo Perps LITE-USD.P
SoDEX LITE-USD
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
tradeXYZ xyz:LITE
Variational Omni LITE
Deribit LITE_USDC-PERPETUAL
edgeX LITEUSDC
Extended LITE-USD