Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Polymarket Perps−0.023%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now −0.023%, 7d avg −0.036%
=Together, before fees−0.416%+ Points / potential airdropLighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, 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 NAS100-USD | 30,568 | 0.0050 | pay 0.0006% / 1h | 37m 01s | $7.2M | $1.9M | 50x |
| Short | Lighter US100 | 30,561 | 0.0032 | get 0.0004% / 1h | 37m 01s | $3.9M | $93.2M | 30x |
Polymarket Perps NAS100-USD
Lighter US100Funding 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: −0.023% → −0.036%
- $1.35
- Slippage, 4 orders
- −$2.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.79
- Costs to cover
- 0.104%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 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, 2 min ago | 0.16 bp | 5.1 bp −$5 | 5.4 bp −$54 | 6.1 bp −$607 | 11.8 bp −$5,915 |
| Sell Lighter live order book, 7 min ago | 0.49 bp | 0.5 bp $0 | 0.7 bp −$7 | 4.4 bp −$438 | 216.2 bp −$108.1K |
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 | −0.0215% | 8h | 30,556.5 | −0.038% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,545.6 | −0.073% | $1.8M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0093% | 8h | 30,567 | −0.003% | $23.8M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,562 | −0.020% | $261K | $353K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,547 | −0.069% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,570 | +0.007% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,460.7 | −0.351% | $1.4M | $172K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,572 | +0.013% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,561 | −0.023% | $3.9M | $93.2M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,569.2 | +0.004% | $2.2M | $5.6M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
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 | 30,854.9 | +0.938% | — | $192.5M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,567.9 | 0.000% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,568 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0215% | 1h | 30,591 | +0.075% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2428% | 1h | 30,651.6 | +0.273% | $128K | $125K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD