Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Polymarket Perps+0.020%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.020%, 7d avg −0.062%
=Together, before fees−0.358%+ Points / potential airdropLighter: Season 3 · farm board−$36 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: Lighter is 0.081% dearer against Polymarket Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AVAX-USD | 10.710 | 0.0100 | pay 0.0013% / 1h | 29m 25s | $136K | $352K | 10x |
| Short | Lighter AVAX | 10.712 | 0.0096 | get 0.0012% / 1h | 29m 25s | $1.2M | $2.5M | 10x |
Polymarket Perps AVAX-USD
Lighter AVAXFunding 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
- −$0.84
- Price spread: +0.020% → −0.062%
- $8.15
- Slippage, 4 orders
- −$11.08
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.77
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 13 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, 13 min ago | 2.34 bp | 6.3 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.76 bp | 3.6 bp −$4 | 11.2 bp −$112 | 86.6 bp −$8,658 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AVAX-PERP | −0.0182% | 1h | 10.713 | +0.033% | $286K | $339K | 10x | as long as short |
| Variational Omni AVAX | −0.0048% | 8h | 10.697 | −0.125% | $2.8M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.706 | −0.041% | $89K | $117K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.712 | +0.019% | $4.8M | $7.1M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.704 | −0.052% | $12K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0028% | 8h | 10.714 | +0.037% | $12.8M | $32.2M | 75x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | +0.467% | $17K | $152K | 12x | as long as short |
| Paradex AVAX-USD-PERP | +0.0088% | 8h | 10.716 | +0.053% | $12K | $212 | 20x | as long as short |
| Bybit AVAXUSDT | +0.0088% | 8h | 10.706 | −0.037% | $81.2M | $146.3M | 75x | as long as short |
| Lighter AVAXshort | +0.0096% | 1h | 10.712 | +0.020% | $1.2M | $2.5M | 10x |
Nado AVAX-PERP
Variational Omni AVAX
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Injective AVAX/USDC PERP
Paradex AVAX-USD-PERP
Bybit AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex AVAXUSDT | +0.0096% | 1h | 10.712 | +0.019% | $21K | $426K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.714 | +0.037% | $37.4M | $44.0M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.713 | +0.033% | $2.2M | $1.0M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.719 | +0.086% | $269K | $129K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.714 | +0.042% | $113.8M | $424.1M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.704 | −0.056% | $18.8M | $112.3M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.714 | +0.037% | $45.6M | $80.8M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.714 | +0.037% | $13.6M | $22.9M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.705 | −0.047% | $32.4M | $48.7M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.714 | +0.037% | — | $54.4M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.713 | +0.028% | $436K | $564K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.700 | −0.090% | $341K | $1.1M | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.712 | +0.019% | $173K | $662K | 50x | as long as short |
| Polymarket Perps AVAX-USDlong | +0.0100% | 1h | 10.710 | long leg | $136K | $352K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.715 | +0.047% | $230K | $346K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.739 | +0.268% | $11K | $765K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.709 | −0.009% | $18K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.711 | +0.014% | $336K | $872K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.709 | −0.009% | $28.6M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.711 | +0.013% | $609K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.703 | −0.065% | $246K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0113% | 1h | 10.716 | +0.056% | $4.2M | $11.3M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0200% | 1h | 10.712 | +0.019% | $854K | $5.1M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.706 | −0.037% | $4.6M | $5.6M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.700 | −0.090% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0444% / S −0.0295% | 1h | 10.705 | −0.048% | $226K | — | 120x | as long as short |
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
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
Kraken Futures PF_AVAXUSD
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]