Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.012%
Price spread now: Lighter against Polymarket Perps+0.277%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$2012.008% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 7 days−0.236%−$24 · spread now +0.277%, 7d avg −0.058%
=Together, before fees−0.110%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.335% dearer against Polymarket Perps than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps USELESS-USD | 0.2603 | 0.0100 | pay 0.0013% / 1h | 21m 49s | $31K | $224K | 3x |
| Short | Lighter USELESS | 0.2610 | 0.0096 | get 0.0012% / 1h | 21m 49s | $1.2M | $1.2M | 3x |
Polymarket Perps USELESS-USD
Lighter USELESSFunding 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
- −$0.84
- Price spread: +0.277% → −0.058%
- $33.48
- Slippage, 4 orders
- −$192.76
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$168.13
- Costs to cover
- 2.008%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 35 min ago; Lighter: live order book, 4 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, 35 min ago | 6.65 bp | 76.2 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 5.06 bp | 23.9 bp −$24 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSshort | +0.0096% | 1h | 0.2610 | +0.277% | $1.2M | $1.2M | 3x | |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2608 | +0.215% | $11.6M | $22.5M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2580 | −0.852% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2603 | long leg | $31K | $224K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2602 | −0.008% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2612 | +0.353% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2610 | +0.273% | $584K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.2615 | +0.458% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0198% | 4h | 0.2599 | −0.142% | $8.9M | $63.8M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0224% | 4h | 0.2609 | +0.238% | $4.7M | $10.7M | 12x | as long as short |
Hyperliquid USELESS
Pacifica USELESS
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0248% | 4h | 0.2599 | −0.154% | $6.5M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0318% | 4h | 0.2600 | −0.111% | $5.0M | $10.5M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0339% | 1h | 0.2574 | −1.099% | $33K | $693K | 25x | as long as short |
| Extended USELESS-USD | +0.0432% | 1h | 0.2598 | −0.181% | $113K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0433% | 4h | 0.2600 | −0.115% | $21.7M | $122.7M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0434% | 4h | 0.2600 | −0.085% | $10.4M | $6.2M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0441% | 4h | 0.2578 | −0.940% | $19K | $196K | 10x | as long as short |
| Aster USELESSUSDT | +0.0480% | 4h | 0.2604 | +0.055% | $516K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0484% | 4h | 0.2597 | −0.215% | $24.6M | $48.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.0486% | 4h | 0.2600 | −0.088% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0681% | 4h | 0.2564 | −1.474% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0752% | 4h | 0.2582 | −0.772% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1330% | 4h | 0.2615 | +0.473% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2735 | +5.103% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
edgeX USELESSUSDC
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP