LINK

Alert: funding

Alert: spread

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

Price spread now: Lighter against Polymarket Perps−0.058%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 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: Lighter is 0.058% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 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	Polymarket Perps LINK-USD	13.146	0.0100	pay 0.0013% / 1h	29m 54s	$82K	$69K	10x
Short	Lighter LINK	13.138	0.0096	get 0.0012% / 1h	29m 54s	$2.0M	$2.7M	10x

Funding 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 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$0.84
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.67
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Lighter: live order book, 2 min ago. 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	0.95 bp	2.0 bp −$2	9.5 bp −$95	66.1 bp −$6,605	doesn't fit

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 −0.0091% / S +0.0167%	1h	13.144	−0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.151	+0.040%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.145	−0.011%	$725K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.145	−0.009%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.189%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.675%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.139	−0.053%	$133K	$1.5M	20x	as long as short
Lighter LINKshort	+0.0096%	1h	13.138	−0.058%	$2.0M	$2.7M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	13.138	−0.058%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.139	−0.057%	$401K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.140	−0.046%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.143	−0.023%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.139	−0.053%	$122.2M	$304.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.139	−0.053%	$84.7M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.142	−0.030%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.159	+0.099%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.138	−0.061%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.136	−0.076%	$36.6M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.142	−0.030%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.138	−0.061%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.138	−0.061%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	0.000%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	+0.123%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.156	+0.079%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.173	+0.205%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.146	long leg	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.139	−0.053%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.156	+0.079%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.137	−0.068%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.122	−0.180%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.134	−0.095%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.144	−0.019%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.148	+0.015%	$995K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.151	+0.038%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0252%	1h	13.148	+0.015%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0274%	1h	13.154	+0.061%	$77.8M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.141	−0.038%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.147	+0.011%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.156	+0.076%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0658%	1h	13.142	−0.034%	$348K	$48K	10x	as long as short