Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter+0.028%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.460%+$46 · spread now +0.028%, 7d avg +0.067%
=Together, before fees+0.591%+ Points / potential airdropLighter: Season 3 · farm board+$59 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: Polymarket Perps is 0.039% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AVAX | 11.113 | 0.0096 | pay 0.0012% / 1h | 37m 52s | $1.2M | $2.9M | 10x |
| Short | Polymarket Perps AVAX-USD | 11.116 | 0.0100 | get 0.0013% / 1h | 37m 52s | $130K | $349K | 10x |
Lighter AVAX
Polymarket Perps AVAX-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
- $0.84
- Price spread: +0.028% → +0.067%
- −$3.91
- Slippage, 4 orders
- −$11.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$23.02
- Costs to cover
- 0.200%
- Break-even
- 198.8 days
Slippage from Lighter: live order book, 9 min ago; Polymarket Perps: live order book, 24 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, 9 min ago | 2.25 bp | 4.0 bp −$4 | 15.0 bp −$150 | 87.7 bp −$8,769 | doesn't fit |
| Sell Polymarket Perps live order book, 24 min ago | 2.24 bp | 7.1 bp −$7 | 9.6 bp −$96 | doesn't fit | doesn't fit |
AVAX on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AVAX/USDC PERP | −0.1374% | 1h | 11.100 | −0.116% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0110% | 1h | 11.111 | −0.017% | $5.2M | $7.9M | 25x | as long as short |
| Nado AVAX-PERP | −0.0063% | 1h | 11.117 | +0.037% | $286K | $448K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.119 | +0.057% | $102K | $87K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.114 | +0.011% | $13K | — | 150x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0045% | 1h | 11.113 | +0.004% | $4.3M | $11.5M | 50x | as long as short |
| Lighter AVAXlong | +0.0096% | 1h | 11.113 | long leg | $1.2M | $2.9M | 10x | |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.112 | −0.008% | $15K | $564K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.117 | +0.035% | $13K | $434 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.110 | −0.022% | $2.3M | $1.2M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Kraken Futures PF_AVAXUSD
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.122 | +0.083% | $290K | $112K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.110 | −0.026% | $118.6M | $434.6M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.110 | −0.026% | $88.3M | $138.0M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.111 | −0.017% | $20.0M | $117.5M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.107 | −0.053% | $12.1M | $34.9M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.108 | −0.044% | $47.8M | $79.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.113 | +0.001% | $15.5M | $21.8M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.106 | −0.062% | $33.3M | $48.6M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.111 | −0.017% | — | $81.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.108 | −0.044% | $355K | $498K | 15x | as long as short |
| Variational Omni AVAX | +0.0100% | 8h | 11.132 | +0.175% | $2.9M | $2.2M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.141 | +0.254% | $357K | $801K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.145 | +0.289% | $179K | $678K | 50x | as long as short |
| Polymarket Perps AVAX-USDshort | +0.0100% | 1h | 11.116 | +0.028% | $130K | $349K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.119 | +0.055% | $195K | $313K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.144 | +0.283% | $12K | $700K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.112 | −0.008% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.113 | −0.004% | $364K | $872K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.110 | −0.026% | $29.7M | $5.6M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.107 | −0.049% | $671K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.104 | −0.080% | $255K | — | 3x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.104 | −0.080% | $5.1M | $5.5M | 100x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0232% | 1h | 11.134 | +0.190% | $900K | $5.5M | 50x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.109 | −0.039% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0436% / S −0.0295% | 1h | 11.114 | +0.008% | $236K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0452% | 1h | 11.127 | +0.127% | $43.3M | $43.0M | 10x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX