Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%
Price spread now: Bullet against Lighter+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Bullet is 0.026% dearer against Lighter than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,538 | 0.0032 | pay 0.0004% / 1h | 45m 02s | $3.9M | $92.6M | 30x |
| Short | Bullet US100-USD | 30,546 | 0 | get 0.0000% / 1h | 45m 02s | $3K | $90K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$6.72
- Price spread: +0.026% → 0.000%
- $2.62
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$12.1
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Bullet: no order-book sample. Net counts fees only.
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, 4 min ago | 0.49 bp | 0.5 bp $0 | 0.9 bp −$9 | 5.9 bp −$591 | 222.7 bp −$111.3K |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0219% | 8h | 30,533.9 | −0.013% | $102K | $38K | 20x | as long as short |
| MEXC NAS100_USDT | −0.0111% | 8h | 30,544 | +0.020% | $22.5M | $19.4M | 200x | as long as short |
| Gate NAS100_USDT | −0.0021% | 8h | 30,486.9 | −0.167% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,518 | −0.065% | $259K | $357K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,507 | −0.102% | $3.5M | $667K | 50x | as long as short |
| Bullet US100-USDshort | 0.0000% | 1h | 30,546 | +0.026% | $3K | $90K | 10x | |
| Phemex NAS100USDT | 0.0000% | 4h | 30,438.9 | −0.325% | $1.4M | $172K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,547 | +0.029% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,538 | long leg | $3.9M | $92.6M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,543.9 | +0.019% | $2.1M | $5.5M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,830 | +0.956% | — | $194.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,539.9 | +0.006% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,544 | +0.020% | $7.2M | $1.8M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0217% | 1h | 30,553.6 | +0.051% | $6.0M | $8.9M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1978% | 1h | 30,612.4 | +0.244% | $124K | $123K | 20x | as long as short |
Lighter US100
Bullet US100-USD
MEXC NAS100_USDT
Gate NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Phemex NAS100USDT
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD