Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.058%
Price spread now: Lighter against Gate+0.130%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days−0.267%−$27 · spread now +0.130%, 7d avg −0.036%
=Together, before fees−0.289%+ Points / potential airdropLighter: Season 3 · farm board−$29 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 0.166% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.036%.
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 -1.1% 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 | 30,423.5 | −0.0200 | get 0.0200% / 8h | 9m 00s | $2.0M | $3.3M | 100x |
| Short | Lighter US100 | 30,463 | 0.0032 | get 0.0004% / 1h | 9m 00s | $3.9M | $96.6M | 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: +0.130% → −0.036%
- $16.61
- Slippage, 4 orders
- −$17.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $33.3
- Costs to cover
- 0.320%
- Break-even
- 2.2 days
Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 5 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, 4 min ago | 3.35 bp | 15.0 bp −$15 | 49.2 bp −$492 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.33 bp | 0.7 bp −$1 | 0.7 bp −$7 | 3.6 bp −$360 | 208.7 bp −$104.4K |
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 | −0.0282% | 8h | 30,458.6 | +0.115% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDTlong | −0.0200% | 8h | 30,423.5 | long leg | $2.0M | $3.3M | 100x | |
| MEXC NAS100_USDT | −0.0066% | 8h | 30,469 | +0.150% | $22.9M | $21.1M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,438 | +0.048% | $266K | $387K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,491 | +0.222% | $3.5M | $630K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,468 | +0.146% | $3K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,421.5 | −0.007% | $1.4M | $197K | 10x | as long as short |
| QFEX US100-USD | 0.0000% | 1h | 30,466 | +0.140% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,463 | +0.130% | $3.9M | $96.6M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,469.4 | +0.151% | $1.9M | $5.5M | 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 | 30,766 | +1.126% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,462 | +0.126% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,468 | +0.146% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,461.9 | +0.126% | $6.0M | $9.1M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1162% | 1h | 30,448.5 | +0.082% | $141K | $128K | 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