Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter+0.020%45s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$90.095% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now +0.020%, 7d avg +0.032%
=Together, before fees+0.343%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,525 | 0.0032 | pay 0.0004% / 1h | 6m 44s | $2.8M | $101.3M | 30x |
| Short | Polymarket Perps NAS100-USD | 30,531 | 0.0050 | get 0.0006% / 1h | 6m 44s | $7.2M | $1.9M | 50x |
Lighter US100
Polymarket Perps NAS100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: +0.020% → +0.032%
- −$1.24
- Slippage, 4 orders
- −$1.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$6.95
- Costs to cover
- 0.095%
- Break-even
- 19.9 days
Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: 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, 5 min ago | 0.16 bp | 0.2 bp $0 | 0.4 bp −$4 | 3.2 bp −$320 | 203.9 bp −$101.9K |
| Sell Polymarket Perps live order book, 5 min ago | 0.16 bp | 4.3 bp −$4 | 4.9 bp −$49 | 5.8 bp −$584 | doesn't fit |
NAS100 on 15 exchanges
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 | −0.0281% | 8h | 30,516.5 | −0.028% | $100K | $36K | 20x | as long as short |
| Kraken Futures PF_US100USD | −0.0233% | 1h | 30,509.5 | −0.051% | $140K | $69K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,528.9 | +0.013% | $1.8M | $2.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0066% | 8h | 30,535 | +0.033% | $21.8M | $22.0M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,489 | −0.118% | $266K | $425K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,548 | +0.075% | $3.6M | $521K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,532.9 | +0.026% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,518 | −0.023% | $1.4M | $193K | 10x | as long as short |
| QFEX US100-USD | +0.0003% | 1h | 30,535 | +0.033% | $1.4M | $1.6M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,525 | long leg | $2.8M | $101.3M | 30x |
Orderly PERP_NAS100_USDC
Kraken Futures PF_US100USD
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USDShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TECH100m-USD | +0.0032% | 1h | 30,527.5 | +0.008% | $2.0M | $5.6M | 20x | as long as short |
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,822.9 | +0.976% | — | $208.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,527.5 | +0.008% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDshort | +0.0050% | 1h | 30,531 | +0.020% | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0074% | 1h | 30,539.3 | +0.047% | $6.0M | $10.2M | 25x | as long as short |
Extended TECH100m-USD
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P