Funding you earn now, next payment 23:00 UTC−0.0357%/8h= −39.1% APRnext payment −$0.45 per $10,000 · paid last 24h −0.002%
Price spread now: Hyperliquid against Lighter−0.106%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now −0.106%, 7d avg −0.067%
=Together, before fees−0.402%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hyperliquid is 0.040% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.2027 | 0.0744 | pay 0.0093% / 1h | 22m 09s | $16.0M | $23.3M | 15x |
| Short | Hyperliquid NEAR | 4.1982 | 0.0387 | get 0.0048% / 1h | 22m 09s | $354.4M | $292.3M | 10x |
Lighter NEAR
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- −$75.05
- Price spread: −0.106% → −0.067%
- −$3.95
- Slippage, 4 orders
- −$12.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$100.68
- Costs to cover
- 0.217%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Hyperliquid: live order book, 12 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 Lighter live order book, 7 min ago | 1.51 bp | 1.5 bp −$2 | 14.5 bp −$145 | 55.3 bp −$5,530 | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.60 bp | 6.5 bp −$7 | 8.4 bp −$84 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.1943 | −0.199% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1904 | −0.292% | $2.1M | $12.7M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −1.467% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1919 | −0.256% | $109K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1966 | −0.144% | $430K | $18.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1949 | −0.185% | $208K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.1965 | −0.146% | $7.7M | $36.6M | 50x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1983 | −0.104% | $1.5M | $7.0M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1950 | −0.182% | $112K | $483K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1932 | −0.224% | $30K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1981 | −0.108% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1940 | −0.206% | $362K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1945 | −0.195% | $240.5M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1939 | −0.208% | $214.0M | $423.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1940 | −0.206% | $58.0M | $277.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1940 | −0.206% | $225K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1928 | −0.235% | $30.1M | $57.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1900 | −0.301% | $83.1M | $142.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1960 | −0.158% | $55.2M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1966 | −0.144% | $69.5M | $125.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1920 | −0.254% | — | $136.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1690 | −0.801% | $7.7M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1795 | −0.552% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1819 | −0.494% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1820 | −0.492% | $175K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1980 | −0.111% | $207K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1958 | −0.163% | $54K | $158K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2000 | −0.063% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1945 | −0.194% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1930 | −0.230% | $3.9M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1600 | −1.015% | $237K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1929 | −0.233% | $3.9M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1955 | −0.170% | $202K | $62K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0112% | 1h | 4.1974 | −0.125% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1920 | −0.254% | $12.4M | $31.4M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1972 | −0.131% | $412K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0381% / S −0.0327% | 1h | 4.1949 | −0.185% | $282K | — | 100x | as long as short |
| Hyperliquid NEARshort | +0.0387% | 1h | 4.1982 | −0.106% | $354.4M | $292.3M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0417% | 1h | 4.1986 | −0.097% | $1.9M | $2.2M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0475% | 1h | 4.1980 | −0.111% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0524% | 1h | 4.1931 | −0.227% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1813 | −0.508% | $1.7M | $2.7M | 10x | as long as short |
| Lighter NEARlong | +0.0744% | 1h | 4.2027 | long leg | $16.0M | $23.3M | 15x | |
| HTX NEAR-USDT | +0.0957% | 8h | 4.2040 | +0.032% | $450K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.0960% | 1h | 4.1856 | −0.407% | $5K | $11K | 10x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD