Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Polymarket Perps−0.020%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$100.103% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now −0.020%, 7d avg −0.032%
=Together, before fees−0.333%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NAS100-USD | 30,488 | 0.0050 | pay 0.0006% / 1h | 8m 49s | $7.2M | $1.9M | 50x |
| Short | Lighter US100 | 30,482 | 0.0032 | get 0.0004% / 1h | 8m 49s | $3.6M | $99.2M | 30x |
Polymarket Perps NAS100-USD
Lighter US100Funding 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
- −$3.78
- Price spread: −0.020% → −0.032%
- $1.27
- Slippage, 4 orders
- −$2.27
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.77
- Costs to cover
- 0.103%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Lighter: live order book, 8 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, 3 min ago | 0.16 bp | 5.2 bp −$5 | 6.0 bp −$60 | 6.6 bp −$662 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.33 bp | 0.3 bp $0 | 0.3 bp −$3 | 5.7 bp −$572 | 217.3 bp −$108.7K |
NAS100 on 15 exchanges
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 | −0.0278% | 8h | 30,476.9 | −0.036% | $100K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,472.6 | −0.051% | $1.8M | $2.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0074% | 8h | 30,488 | 0.000% | $21.5M | $22.2M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,462 | −0.085% | $268K | $418K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,504 | +0.052% | $3.6M | $554K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,490 | +0.007% | $3K | $88K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,472.6 | −0.051% | $1.4M | $194K | 10x | as long as short |
| QFEX US100-USD | +0.0003% | 1h | 30,487 | −0.003% | $1.4M | $1.6M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,482 | −0.020% | $3.6M | $99.2M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,486.8 | −0.004% | $1.9M | $5.3M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,783.4 | +0.969% | — | $209.0M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,481.4 | −0.022% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,488 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,487.3 | −0.002% | $6.0M | $10.2M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.0809% | 1h | 30,480.3 | −0.025% | $140K | $92K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD