Funding you earn now, next payment 03:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.058%
Price spread now: Lighter against Gate+0.061%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days−0.261%−$26 · spread now +0.061%, 7d avg −0.046%
=Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.107% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.046%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.2% a year). A funding rate is set anew for every payment. 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 | Gate NAS100_USDT | 30,547.3 | −0.0200 | get 0.0200% / 8h | 5h 46m | $1.8M | $3.6M | 100x |
| Short | Lighter US100 | 30,566 | 0.0032 | get 0.0004% / 1h | 46m 15s | $3.9M | $94.1M | 30x |
Gate NAS100_USDT
Lighter US100Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $48.72
- Price spread: +0.061% → −0.046%
- $10.72
- Slippage, 4 orders
- −$31.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.01
- Costs to cover
- 0.464%
- Break-even
- 5.1 days
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 13 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 Gate live order book, 2 min ago | 5.11 bp | 26.5 bp −$27 | 117.9 bp −$1,179 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 13 min ago | 0.49 bp | 0.5 bp $0 | 0.6 bp −$6 | 4.8 bp −$485 | 210.4 bp −$105.2K |
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 | −0.0214% | 8h | 30,560.7 | +0.044% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDTlong | −0.0200% | 8h | 30,547.3 | long leg | $1.8M | $3.6M | 100x | |
| MEXC NAS100_USDT | −0.0092% | 8h | 30,573 | +0.084% | $23.7M | $19.3M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,548 | +0.002% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,546 | −0.004% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,574 | +0.087% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,533.5 | −0.045% | $1.4M | $178K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,573 | +0.084% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,566 | +0.061% | $3.9M | $94.1M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,571.7 | +0.080% | $2.2M | $5.4M | 20x | as long as short |
Orderly PERP_NAS100_USDC
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 | 30,862 | +1.030% | — | $194.0M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,565.9 | +0.061% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,572 | +0.081% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0154% | 1h | 30,582.3 | +0.115% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,644.6 | +0.319% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD