Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Polymarket Perps−0.030%45s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$110.108% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.030%, 7d avg −0.033%
=Together, before fees−0.317%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.033%, 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 | Polymarket Perps NAS100-USD | 30,484 | 0.0050 | pay 0.0006% / 1h | 45m 46s | $7.2M | $1.9M | 50x |
| Short | Lighter US100 | 30,475 | 0.0032 | get 0.0004% / 1h | 45m 46s | $3.9M | $95.9M | 30x |
Polymarket Perps NAS100-USD
Lighter US100Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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: −0.030% → −0.033%
- $0.33
- Slippage, 4 orders
- −$2.83
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.28
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Lighter: live order book, 8 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 Polymarket Perps live order book, 3 min ago | 0.66 bp | 5.0 bp −$5 | 5.7 bp −$57 | 6.0 bp −$596 | 11.4 bp −$5,685 |
| Sell Lighter live order book, 8 min ago | 0.49 bp | 0.5 bp $0 | 0.8 bp −$8 | 3.8 bp −$377 | 206.9 bp −$103.4K |
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 | 30,470 | −0.046% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,448.5 | −0.117% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0070% | 8h | 30,481 | −0.010% | $24.3M | $20.4M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,467 | −0.056% | $263K | $373K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,519 | +0.115% | $3.5M | $602K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,483.3 | −0.002% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,439.4 | −0.146% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,483 | −0.003% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,475 | −0.030% | $3.9M | $95.9M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,483.5 | −0.002% | $2.0M | $5.9M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
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 | 30,778.5 | +0.966% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,480.9 | −0.010% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,484 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,490 | +0.020% | $6.1M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1148% | 1h | 30,507.7 | +0.078% | $137K | $137K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD