Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.058%
Price spread now: Gate against Lighter−0.048%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 7 days+0.195%+$19 · spread now −0.048%, 7d avg +0.040%
=Together, before fees+0.217%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.088% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
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 | Lighter US100 | 30,503 | 0.0032 | pay 0.0004% / 1h | 44m 36s | $3.9M | $95.4M | 30x |
| Short | Gate NAS100_USDT | 30,488.5 | −0.0200 | pay 0.0200% / 8h | 2h 44m | $1.9M | $3.6M | 100x |
Lighter US100
Gate NAS100_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$48.72
- Price spread: −0.048% → +0.040%
- −$8.78
- Slippage, 4 orders
- −$21.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$93.73
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; Gate: live order book, 3 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, 10 min ago | 0.49 bp | 0.5 bp $0 | 0.5 bp −$5 | 5.4 bp −$537 | 217.3 bp −$108.6K |
| Sell Gate live order book, 3 min ago | 1.09 bp | 22.3 bp −$22 | 57.2 bp −$572 | doesn't fit | doesn't fit |
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 | −0.0226% | 8h | 30,497.2 | −0.019% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDTshort | −0.0200% | 8h | 30,488.5 | −0.048% | $1.9M | $3.6M | 100x | |
| MEXC NAS100_USDT | −0.0064% | 8h | 30,507 | +0.013% | $26.4M | $20.1M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −0.049% | $262K | $374K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,527 | +0.079% | $3.5M | $635K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,508 | +0.016% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,484.8 | −0.060% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,503 | 0.000% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,503 | long leg | $3.9M | $95.4M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,506.9 | +0.013% | $2.0M | $5.8M | 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 | 30,798.5 | +0.969% | — | $203.0M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,502.9 | 0.000% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,506 | +0.010% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0099% | 1h | 30,516.5 | +0.044% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1693% | 1h | 30,533.7 | +0.101% | $137K | $137K | 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