LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Polymarket Perps against Lighter+0.039%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

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% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	12.895	0.0096	pay 0.0012% / 1h	52m 48s	$1.9M	$2.8M	10x
Short	Polymarket Perps LINK-USD	12.900	0.0100	get 0.0013% / 1h	52m 48s	$81K	$70K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0.84
Price spread: +0.039% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$3.21
Costs to cover: 0.080%
Break-even: 33.8 days

Slippage unknown: Lighter: live order book, 4 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

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, 4 min ago	2.13 bp	4.1 bp −$4	12.1 bp −$121	80.4 bp −$8,035	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.892	−0.021%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0053%	8h	12.886	−0.069%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.903	+0.060%	$513K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.899	+0.029%	$806K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	−0.019%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.838%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.902	+0.054%	$3K	$85K	10x	as long as short
Lighter LINKlong	+0.0096%	1h	12.895	long leg	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.899	+0.032%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.897	+0.016%	$354K	$339K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.903	+0.063%	$80.8M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.904	+0.072%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.899	+0.035%	$274K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.046%	$119.2M	$299.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.894	−0.007%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.895	+0.001%	$27.1M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.912	+0.133%	$180K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.897	+0.016%	$133.5M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.900	+0.039%	$33.7M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.899	+0.032%	$22.8M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.895	+0.001%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.900	+0.039%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.900	+0.039%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.169%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.038%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.896	+0.008%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.900	+0.039%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	12.900	+0.039%	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.888	−0.051%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.911	+0.125%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.892	−0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.896	+0.005%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.896	+0.009%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.893	−0.014%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	−0.016%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.903	+0.063%	$929K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.898	+0.024%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.888	−0.055%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0555%	8h	12.909	+0.109%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	12.902	+0.053%	$344K	$45K	10x	as long as short