Settings8H · net · $10k
Funding arb · Price arb /

LITE

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRnext payment $0.02 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Polymarket Perps+0.004%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.204% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.242%+$24 on $10k
Price spread, last 4 days (all we have)−0.407%−$41 · spread now +0.004%, 7d avg +0.010%
Together, before fees−0.165%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.242%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LITE-USD965.160.0050pay 0.0006% / 1h24m 54s$75K$227K10x
ShortLighter LITE965.200.0032get 0.0004% / 1h24m 54s$27K$101K10x

Funding 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 it
latest
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% → +0.010%
−$0.56
Slippage, 4 orders
−$12.36
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$24.7
Costs to cover
0.204%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 48 min ago; Lighter: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 48 min ago2.08 bp9.1 bp −$910.6 bp −$106doesn't fitdoesn't fit
Sell Lighter live order book, 29 min ago0.98 bp2.0 bp −$25.2 bp −$52doesn't fitdoesn't fit

LITE on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LITE-PERP-INTX−0.0096%1h960.78−0.454%$111K$212K10xas long as short
Aster LITEUSDT0.0000%8h965.68+0.054%$108K$17K20xas long as short
Bybit LITEUSDT0.0000%8h965.42+0.027%$1.9M$1.7M25xas long as short
OKX LITE-USDT-SWAP0.0000%8h965.18+0.002%$3.8M$18.0M25xas long as short
Gate LITE_USDT0.0000%8h965.56+0.041%$8.1M$5.9M50xas long as short
Bitget LITEUSDT0.0000%8h964.94−0.023%$2.8M$2.8M20xas long as short
GRVT LITE_USDT_Perp0.0000%8h966.77+0.166%$706$207K10xas long as short
SunX LITE-USDT0.0000%8h965.20+0.004%$791$4.0M10xas long as short
Deribit LITE_USDC-PERPETUAL0.0000%1h965.32+0.017%$19K$37K10xas long as short
HTX LITE-USDT0.0000%8h965.61+0.047%$7K$32K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex LITEUSDT0.0000%8h965.78+0.064%$1.5M$682K10xas long as short
BloFin LITE-USDT+0.0012%8h965.64+0.050%$224K$237K20xas long as short
QFEX LITE-USD+0.0014%1h965.08−0.008%$1.1M$5.2M10xas long as short
Lighter LITEshort+0.0032%1h965.20+0.004%$27K$101K10x
Vest LITE-USD-PERP+0.0046%1h965.26+0.010%$3K10xas long as short
Polymarket Perps LITE-USDlong+0.0050%1h965.16long leg$75K$227K10x
Ondo Perps LITE-USD.P+0.0050%1h965.57+0.042%$176K$155K10xas long as short
KuCoin LITEUSDTM+0.0100%8h965.19+0.003%$521K$38K20xas long as short
ApeX Omni LITEUSDT+0.0100%1h966.96+0.186%$16K$265K50xas long as short
Orderly PERP_LITE_USDC_mythos+0.0100%8h965.36+0.021%$938$3K10xas long as short
Aevo LITE-PERP+0.0104%1h965.32+0.017%10xas long as short
SoDEX LITE-USD+0.0254%1h965.18+0.002%$23K$10K10xas long as short
Variational Omni LITE+0.0286%8h965.82+0.068%$243K$141Kas long as short
tradeXYZ xyz:LITE+0.0316%1h964.96−0.021%$7.3M$5.0M10xas long as short
Extended LITE-USD+0.0392%1h965.23+0.008%$9K$209K10xas long as short
Binance LITEUSDT+0.0395%8h965.27+0.012%$13.9M$44.2M25xas long as short
edgeX LITEUSDC+0.0534%4h966.57+0.146%$73K$462K10xas long as short