Funding you earn now, next payment 09:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.097%
Price spread now: Lighter RH against Hyperliquid−0.014%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 7 days+0.134%+$13 · spread now −0.014%, 7d avg +0.037%
=Together, before fees+0.194%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.051% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.037%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.060% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.3636 | 0.0334 | pay 0.0042% / 1h | 56m 22s | $352.0M | $317.3M | 10x |
| Short | Lighter RH NEAR | 4.3630 | 0.0552 | get 0.0069% / 1h | 56m 22s | $1.5M | $6.4M | 10x |
Hyperliquid NEAR
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $45.87
- Price spread: −0.014% → +0.037%
- −$5.09
- Slippage, 4 orders
- −$12.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $19.14
- Costs to cover
- 0.216%
- Break-even
- 4.1 days
Slippage from Hyperliquid: live order book, 8 min ago; Lighter RH: live order book, 2 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, 8 min ago | 0.12 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.51 bp | 2.7 bp −$3 | 8.0 bp −$80 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0433% | 1h | 4.3617 | −0.045% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3560 | −0.174% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0122% | 8h | 4.3640 | +0.009% | $3.5M | $8.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3543 | −0.212% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3589 | −0.107% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.101% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3610 | −0.060% | $115K | $500K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3591 | −0.103% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3596 | −0.092% | $219.9M | $429.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3590 | −0.105% | $61.5M | $296.0M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Phemex NEARUSDT
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3640 | +0.009% | $228K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3688 | +0.119% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3580 | −0.128% | $36.0M | $61.6M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3610 | −0.060% | $52.8M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3590 | −0.105% | $72.1M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3629 | −0.016% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3729 | +0.213% | $253K | $892K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3710 | +0.170% | $167K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3607 | −0.066% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3630 | −0.014% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3790 | +0.353% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3634 | −0.005% | $5K | $50K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3578 | −0.134% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3552 | −0.193% | $3.6M | $16.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3599 | −0.086% | $203K | $40K | 3x | as long as short |
| Binance NEARUSDT | +0.0136% | 8h | 4.3588 | −0.111% | $263.0M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0138% | 8h | 4.3580 | −0.128% | $88.8M | $152.4M | 200x | as long as short |
| BingX NEAR-USDT | +0.0144% | 8h | 4.3590 | −0.105% | — | $83.0M | — | as long as short |
| Kalshi KXNEARPERP | +0.0163% | 8h | 4.3682 | +0.105% | $909K | $25.1M | 2.2x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0250% | 8h | 4.3771 | +0.310% | $1.4M | $1.6M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0258% | 8h | 4.3640 | +0.009% | $13.2M | $32.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0312% | 1h | 4.3643 | +0.016% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0317% | 1h | 4.3575 | −0.140% | $1.7M | $3.2M | 10x | as long as short |
| Hyperliquid NEARlong | +0.0334% | 1h | 4.3636 | long leg | $352.0M | $317.3M | 10x | |
| HTX NEAR-USDT | +0.0342% | 8h | 4.3820 | +0.422% | $463K | $3.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0344% / S −0.0245% | 1h | 4.3584 | −0.120% | $254K | — | 100x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3717 | +0.186% | $2.3M | $17.1M | 50x | as long as short |
| Lighter RH NEARshort | +0.0552% | 1h | 4.3630 | −0.014% | $1.5M | $6.4M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0605% | 1h | 4.3666 | +0.069% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3623 | −0.031% | $596K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0664% | 1h | 4.3638 | +0.005% | $17.2M | $23.7M | 15x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3595 | −0.094% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3666 | +0.069% | $1.8M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0964% | 1h | 4.3701 | +0.149% | $1.9M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1082% | 1h | 4.3684 | +0.110% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
Kalshi KXNEARPERP
GRVT NEAR_USDT_Perp
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
HTX NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Lighter NEAR
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD