Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Polymarket Perps+0.053%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 6 days (all we have)−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.053%, 7d avg −0.016%
=Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.069% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.016%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 6 days (−0.120% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CBRS-USD | 206.15 | 0.0050 | pay 0.0006% / 1h | 47m 25s | $51K | $1.1M | 10x |
| Short | Lighter CBRS | 206.26 | 0.0032 | get 0.0004% / 1h | 47m 25s | $92K | $909K | 10x |
Polymarket Perps CBRS-USD
Lighter CBRSFunding 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: +0.053% → −0.016%
- $6.94
- Slippage, 4 orders
- −$22.42
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.26
- Costs to cover
- 0.304%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; Lighter: live order book, 53 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, 1 min ago | 2.91 bp | 6.9 bp −$7 | 7.1 bp −$71 | 12.0 bp −$1,203 | doesn't fit |
| Sell Lighter live order book, 53 min ago | 0.97 bp | 4.5 bp −$5 | 9.1 bp −$91 | doesn't fit | doesn't fit |
CBRS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0949% | 4h | 206.02 | −0.065% | $23K | $221K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0505% | 8h | 206.43 | +0.136% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0178% | 1h | 206.19 | +0.019% | $42.2M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.55 | +0.192% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.54 | +0.189% | $2.2M | $3.4M | 25x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 205.79 | −0.175% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.61 | +0.223% | $1K | $2.8M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 206.30 | +0.073% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.39 | +0.116% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0023% | 1h | 206.11 | −0.019% | — | $108K | 10x | as long as short |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Phoenix CBRS
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRSshort | +0.0032% | 1h | 206.26 | +0.053% | $92K | $909K | 10x | |
| QFEX CBRS-USD | +0.0050% | 1h | 206.36 | +0.102% | $1.1M | $3.0M | 10x | as long as short |
| Polymarket Perps CBRS-USDlong | +0.0050% | 1h | 206.15 | long leg | $51K | $1.1M | 10x | |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.96 | −0.092% | $334K | $716K | 10x | as long as short |
| Variational Omni CBRS | +0.0051% | 8h | 206.03 | −0.056% | $401K | $93K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.32 | +0.082% | $113K | $105K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.19 | +0.019% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.46 | +0.150% | $817 | $1K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0104% | 1h | 206.31 | +0.077% | $44K | $388K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.29 | +0.068% | $239 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0104% | 8h | 206.44 | +0.140% | $10.1M | $30.5M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0114% | 8h | 206.34 | +0.092% | $147K | $71K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0176% | 8h | 206.03 | −0.058% | $653 | $218K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0258% | 8h | 206.35 | +0.097% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0385% | 8h | 206.60 | +0.218% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0536% | 1h | 210.27 | +1.999% | $115K | $112K | 10x | as long as short |
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Extended CBRS_24_5-USD
Aevo CBRS-PERP
Binance CBRSUSDT
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX