Funding you earn now, next payment 09:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.058%
Price spread now: Gate against Lighter−0.037%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.037%, 7d avg +0.034%
=Together, before fees+0.181%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.072% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% 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 | Lighter US100 | 30,405 | 0.0032 | pay 0.0004% / 1h | 35m 25s | $3.9M | $95.0M | 30x |
| Short | Gate NAS100_USDT | 30,393.7 | −0.0200 | pay 0.0200% / 8h | 7h 35m | $1.9M | $3.2M | 100x |
Lighter US100
Gate NAS100_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$48.72
- Price spread: −0.037% → +0.034%
- −$7.16
- Slippage, 4 orders
- −$22.75
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$93.63
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Gate: 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, 9 min ago | 0.16 bp | 0.2 bp $0 | 0.8 bp −$8 | 5.3 bp −$530 | 213.1 bp −$106.5K |
| Sell Gate live order book, 3 min ago | 2.23 bp | 25.4 bp −$25 | 57.0 bp −$570 | doesn't fit | doesn't fit |
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 | −0.0282% | 8h | 30,398.2 | −0.022% | $100K | $39K | 20x | as long as short |
| Gate NAS100_USDTshort | −0.0200% | 8h | 30,393.7 | −0.037% | $1.9M | $3.2M | 100x | |
| MEXC NAS100_USDT | −0.0062% | 8h | 30,411 | +0.020% | $22.1M | $21.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,372 | −0.109% | $265K | $388K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,431 | +0.086% | $3.5M | $572K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,413.5 | +0.028% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,395.4 | −0.032% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,411 | +0.020% | $1.2M | $1.5M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,405 | long leg | $3.9M | $95.0M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,415.3 | +0.034% | $1.9M | $5.2M | 20x | as long as short |
Orderly PERP_NAS100_USDC
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,706.9 | +0.993% | — | $206.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,404.9 | 0.000% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,414 | +0.030% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,413.4 | +0.028% | $6.0M | $9.3M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.0340% | 1h | 30,438.9 | +0.111% | $140K | $128K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD