Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Polymarket Perps+0.005%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$90.092% of the position
Funding, last 7 days−0.326%−$33 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.005%, 7d avg −0.017%
=Together, before fees−0.395%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.017%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.326% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SP500-USD | 7,765.4 | 0.0050 | pay 0.0006% / 1h | 57m 15s | $9.0M | $2.3M | 50x |
| Short | Lighter US500 | 7,765.8 | 0.0032 | get 0.0004% / 1h | 57m 15s | $2.2M | $28.3M | 50x |
Polymarket Perps SP500-USD
Lighter US500Funding 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: +0.005% → −0.017%
- $2.25
- Slippage, 4 orders
- −$1.22
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.75
- Costs to cover
- 0.092%
- 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 | 0.06 bp | 4.8 bp −$5 | 5.9 bp −$59 | 6.1 bp −$613 | 11.8 bp −$5,898 |
| Sell Lighter live order book, 7 min ago | 0.06 bp | 0.1 bp $0 | 0.2 bp −$2 | 2.6 bp −$264 | 135.7 bp −$67.9K |
SP500 on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,667.2 | −1.265% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,767.8 | +0.031% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.5 | +0.014% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.4 | +0.090% | $7.2M | $772K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | −0.285% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.3 | +0.024% | $12K | $108K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,765.8 | +0.005% | $2.2M | $28.3M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.4 | +0.026% | $3.2M | $15.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.348% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832 | +0.858% | — | $3.9M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,768.9 | +0.045% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.2 | −0.002% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.3 | +0.024% | $434.4M | $241.5M | 50x | as long as short |
| Polymarket Perps SP500-USDlong | +0.0050% | 1h | 7,765.4 | long leg | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.8 | +0.018% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.8 | +0.031% | $9.5M | $7.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.9 | +0.033% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0263% | 1h | 7,766 | +0.008% | $498 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD