LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 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+0.065%45s7-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−0.222%−$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: Polymarket Perps is 0.065% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	13.027	0.0096	pay 0.0012% / 1h	1m 38s	$1.9M	$2.8M	10x
Short	Polymarket Perps LINK-USD	13.036	0.0100	get 0.0013% / 1h	1m 38s	$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 +0.065%Rate

Funding earned: $0.84
Price spread: +0.065% → 0.000%: $6.52
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$0.64
Costs to cover: 0.080%
Break-even: 12.3 days

Slippage unknown: Lighter: live order book, 6 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, 6 min ago	2.27 bp	3.9 bp −$4	9.7 bp −$97	70.6 bp −$7,059	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 39 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 −0.0090% / S +0.0167%	1h	13.037	+0.071%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.033	+0.041%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.038	+0.081%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.817%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.036	+0.061%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.036	+0.065%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.042	+0.111%	$954K	$2.6M	50x	as long as short
Lighter LINKlong	+0.0096%	1h	13.027	long leg	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	+0.020%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.024	−0.023%	$396K	$318K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.037	+0.072%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.028	+0.003%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.029	+0.011%	$119.8M	$298.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.020	−0.058%	$84.2M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.026	−0.012%	$27.5M	$82.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.041	+0.104%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.033	+0.042%	$128.5M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.027	−0.004%	$33.1M	$59.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.031	+0.027%	$23.1M	$13.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.026	−0.012%	$54.2M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.023	−0.035%	—	$22.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.301%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.031	+0.029%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.063%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.976	−0.395%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.036	+0.065%	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	13.036	+0.067%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.051	+0.177%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.039	+0.088%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.018	−0.071%	$642K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.021	−0.047%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.036	+0.067%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0145%	1h	13.046	+0.142%	$339K	$378K	15x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.031	+0.030%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0412%	1h	13.029	+0.015%	$345K	$30K	10x	as long as short
Hyperliquid LINK	+0.0487%	1h	13.054	+0.203%	$81.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.041	+0.106%	$6.8M	$8.0M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0525%	1h	13.041	+0.107%	$775K	$212K	50x	as long as short
Phemex LINKUSDT	+0.0621%	8h	13.055	+0.211%	$20.1M	$11.5M	50x	as long as short