Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Polymarket Perps−0.004%7-day average −0.015% · 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−$9as in the Price arb table
costs, in and out, $10k−$100.097% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now −0.004%, 7d avg −0.015%
=Together, before fees−0.348%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SP500-USD | 7,766.2 | 0.0050 | pay 0.0006% / 1h | 22m 26s | $9.0M | $2.2M | 50x |
| Short | Lighter US500 | 7,765.9 | 0.0032 | get 0.0004% / 1h | 22m 26s | $2.1M | $28.6M | 50x |
Polymarket Perps SP500-USD
Lighter US500Funding 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: −0.004% → −0.015%
- $1.15
- Slippage, 4 orders
- −$1.72
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.35
- Costs to cover
- 0.097%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Lighter: live order book, 6 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, 2 min ago | 0.06 bp | 4.1 bp −$4 | 5.1 bp −$51 | 5.3 bp −$529 | 10.8 bp −$5,408 |
| Sell Lighter live order book, 6 min ago | 0.32 bp | 0.3 bp $0 | 0.3 bp −$3 | 5.3 bp −$525 | 146.2 bp −$73.1K |
SP500 on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,665.5 | −1.297% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,768.8 | +0.033% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.7 | +0.032% | $141K | $230K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769 | +0.036% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.4 | −0.319% | $17.6M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | +0.013% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,765.9 | −0.004% | $2.1M | $28.6M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.9 | +0.021% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.9 | −0.364% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.5 | +0.867% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,769.1 | +0.037% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | −0.008% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.4 | +0.015% | $431.5M | $236.6M | 50x | as long as short |
| Polymarket Perps SP500-USDlong | +0.0050% | 1h | 7,766.2 | long leg | $9.0M | $2.2M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | +0.013% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.6 | +0.031% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.5 | +0.017% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0246% | 1h | 7,764.7 | −0.019% | $471 | $25K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD