Funding you earn now, next payment 06:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.054%
Price spread now: Lighter against Hyperliquid+0.087%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 7 days+0.403%+$40 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now +0.087%, 7d avg +0.064%
=Together, before fees+0.499%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.023% dearer against Hyperliquid than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.3007 | 0.0675 | pay 0.0084% / 1h | 23m 41s | $352.3M | $309.2M | 10x |
| Short | Lighter NEAR | 4.3044 | 0.0936 | get 0.0117% / 1h | 23m 41s | $16.8M | $25.1M | 15x |
Hyperliquid NEAR
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- $54.87
- Price spread: +0.087% → +0.064%
- $2.31
- Slippage, 4 orders
- −$13.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $35
- Costs to cover
- 0.222%
- Break-even
- 2.5 days
Slippage from Hyperliquid: live order book, 10 min ago; Lighter: live order book, 5 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 Hyperliquid live order book, 10 min ago | 0.70 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 4.76 bp | 4.8 bp −$5 | 13.7 bp −$137 | 63.5 bp −$6,355 | doesn't fit |
NEAR on 45 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3062 | +0.127% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2951 | −0.129% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2998 | −0.020% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.713% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3140 | +0.309% | $113K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3006 | −0.003% | $263.2M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2947 | −0.140% | $214.3M | $420.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2950 | −0.133% | $60.4M | $284.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2997 | −0.022% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2958 | −0.114% | $32.5M | $60.1M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2990 | −0.040% | $77.2M | $144.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3000 | −0.016% | $51.7M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2943 | −0.149% | $71.0M | $127.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2960 | −0.109% | — | $143.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2778 | −0.533% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2867 | −0.325% | $258K | $954K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2900 | −0.249% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3082 | +0.174% | $262K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3065 | +0.135% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3160 | +0.356% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3190 | +0.426% | $465K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3050 | +0.100% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2968 | −0.091% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3085 | +0.181% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3070 | +0.146% | $13.3M | $31.7M | 75x | as long as short |
| ApeX Omni NEARUSDT | +0.0226% | 1h | 4.2860 | −0.342% | $165K | $794K | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3116 | +0.253% | $2.3M | $16.0M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0275% | 8h | 4.3127 | +0.279% | $880K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.3004 | −0.007% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0333% | 8h | 4.3000 | −0.016% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0391% | 1h | 4.3060 | +0.123% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0536% | 1h | 4.2931 | −0.177% | $3.6M | $19.6M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0589% | 1h | 4.3055 | +0.112% | $6K | $52K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0668% | 1h | 4.3076 | +0.160% | $1.3M | $6.6M | 20x | as long as short |
| Hyperliquid NEARlong | +0.0675% | 1h | 4.3007 | long leg | $352.3M | $309.2M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0735% | 1h | 4.3036 | +0.068% | $7.4M | $38.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0744% | 1h | 4.3016 | +0.021% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3000 | −0.016% | $222K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3000 | −0.016% | $394K | $1.3M | 10x | as long as short |
| Lighter NEARshort | +0.0936% | 1h | 4.3044 | +0.087% | $16.8M | $25.1M | 15x | |
| Phoenix NEAR | +0.1033% | 1h | 4.2991 | −0.037% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1136% | 1h | 4.3043 | +0.084% | $1.4M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2988 | −0.044% | $686K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1377% | 1h | 4.3090 | +0.193% | $1.9M | $11.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1389% | 1h | 4.2957 | −0.116% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
ApeX Omni NEARUSDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD