Funding you earn now, next payment 00:00 UTC−0.0780%/8h= −85.4% APRnext payment −$0.97 per $10,000 · paid last 24h −0.176%
Price spread now: Polymarket Perps against Lighter−0.145%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.264% of the position
Funding, last 7 days−0.354%−$35 on $10k
+Price spread, last 3 days (all we have)+0.445%+$45 · spread now −0.145%, 7d avg −0.115%
=Together, before fees+0.091%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Polymarket Perps is 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.354% in total (about -18.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 per $10,000. 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 | Lighter UNI | 9.0257 | 0.0880 | pay 0.0110% / 1h | 20m 53s | $4.6M | $5.3M | 15x |
| Short | Polymarket Perps UNI-USD | 9.0126 | 0.0100 | get 0.0013% / 1h | 20m 53s | $85K | $363K | 10x |
Lighter UNI
Polymarket Perps UNI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Lighter. 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
- −$163.8
- Price spread: −0.145% → −0.115%
- −$3
- Slippage, 4 orders
- −$18.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$193.2
- Costs to cover
- 0.264%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Polymarket Perps: live order book, 56 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 Lighter live order book, 7 min ago | 2.56 bp | 9.4 bp −$9 | 23.8 bp −$238 | 108.8 bp −$10.9K | doesn't fit |
| Sell Polymarket Perps live order book, 56 min ago | 2.25 bp | 6.4 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
UNI on 40 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 UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −2.168% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0065 | −0.213% | $62K | — | 150x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0010% | 1h | 9.0088 | −0.187% | $580K | $176K | 50x | as long as short |
| Variational Omni UNI | +0.0063% | 8h | 9.0063 | −0.215% | $4.1M | $4.4M | — | as long as short |
| OKX UNI-USDT-SWAP | +0.0093% | 8h | 9.0100 | −0.174% | $55.1M | $250.1M | 50x | as long as short |
| Bybit UNIUSDT | +0.0094% | 8h | 9.0110 | −0.163% | $102.2M | $104.9M | 75x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0115 | −0.157% | $956K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0200 | −0.064% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0153 | −0.115% | $298K | $593K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0144 | −0.125% | $223.0M | $590.2M | 75x | as long as short |
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
Deribit UNI_USDC-PERPETUAL
Variational Omni UNI
OKX UNI-USDT-SWAP
Bybit UNIUSDT
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus UNI-USD | +0.0100% | 1h | 9.0190 | −0.074% | $266K | $632K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.0130 | −0.141% | $23.0M | $58.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0130 | −0.141% | $43.9M | $24.1M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0130 | −0.141% | $13.7M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0090 | −0.185% | $32.9M | $42.0M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.0110 | −0.163% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.0131 | −0.140% | $1.0M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9766 | −0.544% | $169K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9890 | −0.407% | $631K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9810 | −0.495% | $88K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9830 | −0.473% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USDshort | +0.0100% | 1h | 9.0126 | −0.145% | $85K | $363K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.0060 | −0.218% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.0171 | −0.095% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.0049 | −0.230% | $21K | $676K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0213 | −0.049% | $720K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0070 | −0.207% | $27.2M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0094 | −0.181% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0088 | −0.187% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0064 | −0.213% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0168% | 1h | 9.0152 | −0.116% | $450 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0100 | −0.174% | $10.0M | $3.5M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.0130 | −0.141% | $1.1M | $5.4M | 50x | as long as short |
| dYdX UNI-USD | +0.0242% | 1h | 9.0161 | −0.106% | $250K | $6K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0364% | 1h | 9.0070 | −0.207% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 9.0073 | −0.204% | $570K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0501% | 1h | 9.0194 | −0.070% | $99.0M | $59.1M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0562% | 1h | 9.0106 | −0.168% | $5.0M | $7.0M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0815% | 1h | 9.0058 | −0.220% | $1K | $49K | 10x | as long as short |
| Lighter UNIlong | +0.0880% | 1h | 9.0257 | long leg | $4.6M | $5.3M | 15x |
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD