Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter+0.010%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 7 days+0.125%+$12 · spread now +0.010%, 7d avg +0.037%
=Together, before fees+0.434%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.027% cheaper against Lighter than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.037%). If the spread goes back, that is −$3 on $10k: about 5.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.309% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,583 | 0.0032 | pay 0.0004% / 1h | 56m 25s | $4.0M | $91.6M | 30x |
| Short | Polymarket Perps NAS100-USD | 30,586 | 0.0050 | get 0.0006% / 1h | 56m 25s | $7.2M | $1.9M | 50x |
Lighter US100
Polymarket Perps NAS100-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
- $3.78
- Price spread: +0.010% → +0.037%
- −$2.73
- Slippage, 4 orders
- −$2.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$9.6
- Costs to cover
- 0.107%
- Break-even
- 24.8 days
Slippage from Lighter: live order book, 8 min ago; Polymarket Perps: 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, 8 min ago | 0.33 bp | 0.3 bp $0 | 0.8 bp −$8 | 7.2 bp −$719 | 228.2 bp −$114.1K |
| Sell Polymarket Perps live order book, 3 min ago | 0.82 bp | 4.9 bp −$5 | 5.4 bp −$54 | 6.0 bp −$600 | 11.4 bp −$5,685 |
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 | −0.0214% | 8h | 30,575.4 | −0.025% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,558.5 | −0.080% | $1.8M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0099% | 8h | 30,586 | +0.010% | $23.9M | $19.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,561 | −0.072% | $261K | $353K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,555 | −0.092% | $3.5M | $619K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,588 | +0.016% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,493.9 | −0.291% | $1.4M | $171K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,586 | +0.010% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,583 | long leg | $4.0M | $91.6M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,589 | +0.020% | $2.2M | $5.6M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
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 | 30,871.9 | +0.945% | — | $194.4M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,580.9 | −0.007% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDshort | +0.0050% | 1h | 30,586 | +0.010% | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0196% | 1h | 30,620 | +0.121% | $6.0M | $8.7M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2428% | 1h | 30,644.6 | +0.201% | $127K | $125K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD