Funding you earn now, next payment 02:00 UTC−0.0560%/8h= −61.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against Polymarket Perps+0.226%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days−0.180%−$18 · spread now +0.226%, 7d avg −0.059%
=Together, before fees−0.059%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.286% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of −0.059%): +$29 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 per $10,000. 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 | Polymarket Perps USELESS-USD | 0.2829 | 0.0656 | pay 0.0082% / 1h | 44m 23s | $40K | $187K | 3x |
| Short | Lighter USELESS | 0.2835 | 0.0096 | get 0.0012% / 1h | 44m 23s | $1.3M | $1.1M | 3x |
Polymarket Perps USELESS-USD
Lighter USELESSFunding 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
- −$117.6
- Price spread: +0.226% → −0.059%
- $28.55
- Slippage, 4 orders
- −$65.23
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$162.28
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 22 min ago; Lighter: live order book, 7 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, 22 min ago | 6.55 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 7.22 bp | 20.9 bp −$21 | 81.0 bp −$810 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSshort | +0.0096% | 1h | 0.2835 | +0.226% | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2832 | +0.099% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2832 | +0.127% | $9.9M | $67.0M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2825 | −0.131% | $5.2M | $10.2M | 12x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2829 | +0.014% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2838 | +0.308% | $19K | $516K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2826 | −0.110% | $597K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2832 | +0.128% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0226% | 4h | 0.2824 | −0.170% | $7.1M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0514% | 4h | 0.2839 | +0.361% | $21K | $195K | 10x | as long as short |
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
Gate USELESS_USDT
edgeX USELESSUSDCShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC USELESS_USDT | +0.0524% | 4h | 0.2829 | +0.021% | $11.0M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0526% | 4h | 0.2830 | +0.038% | $24.0M | $117.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0528% | 1h | 0.2829 | +0.015% | $298K | $1.2M | 5x | as long as short |
| Bybit USELESSUSDT | +0.0566% | 4h | 0.2830 | +0.032% | $27.5M | $46.6M | 13x | as long as short |
| Bitget USELESSUSDT | +0.0578% | 4h | 0.2829 | +0.021% | $5.4M | $9.9M | 20x | as long as short |
| BingX USELESS-USDT | +0.0594% | 4h | 0.2833 | +0.131% | — | $5.1M | — | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0656% | 1h | 0.2829 | long leg | $40K | $187K | 3x | |
| Variational Omni USELESS | +0.0875% | 4h | 0.2840 | +0.403% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.0886% | 4h | 0.2835 | +0.223% | $1.2M | $2.1M | 12x | as long as short |
| Aster USELESSUSDT | +0.1055% | 4h | 0.2829 | +0.025% | $650K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1259% | 4h | 0.2834 | +0.201% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1266% | 1h | 0.2828 | −0.025% | $14.2M | $21.1M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.1445% | 1h | 0.2842 | +0.467% | $39K | $699K | 25x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3027 | +6.996% | $5K | $9K | 5.5x | as long as short |
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bybit USELESSUSDT
Bitget USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Injective USELESS/USDC PERP