Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Phemex against Lighter−0.215%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.215%, 7d avg −0.165%
=Together, before fees+0.299%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.050% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.165%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,562 | 0.0032 | pay 0.0004% / 1h | 52m 33s | $3.9M | $92.2M | 30x |
| Short | Phemex NAS100USDT | 30,496.3 | 0 | get 0.0000% / 4h | 3h 52m | $1.4M | $174K | 10x |
Lighter US100
Phemex NAS100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.215% → −0.165%
- −$5.04
- Slippage, 4 orders
- −$36.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$60.01
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Phemex: 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 Lighter live order book, 7 min ago | 0.16 bp | 0.2 bp $0 | 0.2 bp −$2 | 8.5 bp −$847 | 228.1 bp −$114.0K |
| Sell Phemex live order book, 5 min ago | 1.54 bp | 17.4 bp −$17 | doesn't fit | 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 | −0.0216% | 8h | 30,554 | −0.026% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,510.5 | −0.169% | $1.8M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0106% | 8h | 30,565 | +0.010% | $22.6M | $19.3M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,525 | −0.121% | $261K | $356K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,537 | −0.082% | $3.5M | $669K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,566.1 | +0.013% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,496.3 | −0.215% | $1.4M | $174K | 10x | |
| QFEX US100-USD | +0.0002% | 1h | 30,569 | +0.023% | $1.4M | $975K | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,562 | long leg | $3.9M | $92.2M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,568 | +0.020% | $2.1M | $5.5M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
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 | 30,849.8 | +0.942% | — | $194.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,559.9 | −0.007% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,564 | +0.007% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0190% | 1h | 30,582.5 | +0.067% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2935% | 1h | 30,621.1 | +0.193% | $124K | $122K | 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