Funding you earn now, next payment 02:00 UTC−0.1588%/8h= −173.9% APRnext payment −$1.99 per $10,000 · paid last 24h −0.218%
Price spread now: Polymarket Perps against Lighter−0.281%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days−0.764%−$76 on $10k
+Price spread, last 7 days+0.148%+$15 · spread now −0.281%, 7d avg −0.136%
=Together, before fees−0.616%+ Points / potential airdropLighter: Season 3 · farm board−$62 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Polymarket Perps is 0.145% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.136%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.764% in total (about -39.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.99 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 | Lighter NEAR | 4.4863 | 0.1688 | pay 0.0211% / 1h | 21m 08s | $17.9M | $25.5M | 15x |
| Short | Polymarket Perps NEAR-USD | 4.4737 | 0.0100 | get 0.0013% / 1h | 21m 08s | $218K | $3.5M | 10x |
Lighter NEAR
Polymarket Perps NEAR-USDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$333.48
- Price spread: −0.281% → −0.136%
- −$14.49
- Slippage, 4 orders
- −$12.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$368.43
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Polymarket Perps: live order book, 3 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, 8 min ago | 1.60 bp | 1.6 bp −$2 | 15.6 bp −$156 | 61.4 bp −$6,137 | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 3.18 bp | 7.2 bp −$7 | 20.5 bp −$205 | doesn't fit | doesn't fit |
NEAR on 44 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 | 4.4701 | −0.361% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0131% | 8h | 4.4770 | −0.208% | $3.9M | $8.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4798 | −0.145% | $2.2M | $14.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4556 | −0.686% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4741 | −0.272% | $701K | $19.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4743 | −0.268% | $198K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.697% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0072% | 8h | 4.3998 | −1.929% | $8.6M | $18.6M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4690 | −0.386% | $112K | $487K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4615 | −0.554% | $422K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Phemex NEARUSDT
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEARShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4809 | −0.121% | $271.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4840 | −0.051% | $226.9M | $421.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4810 | −0.118% | $63.9M | $294.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4700 | −0.364% | $213K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −1.812% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4729 | −0.299% | $32.4M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4840 | −0.051% | $76.4M | $141.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4800 | −0.141% | $55.2M | $43.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4782 | −0.181% | $73.9M | $125.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4730 | −0.297% | — | $143.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4177 | −1.529% | $273K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4339 | −1.168% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4180 | −1.523% | $183K | $763K | 50x | as long as short |
| Polymarket Perps NEAR-USDshort | +0.0100% | 1h | 4.4737 | −0.281% | $218K | $3.5M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4744 | −0.265% | $62K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4840 | −0.051% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4765 | −0.219% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4840 | −0.051% | $464K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4653 | −0.469% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4742 | −0.271% | $3.9M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4815 | −0.107% | $209K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0181% | 8h | 4.4796 | −0.149% | $3.1M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0211% | 1h | 4.4804 | −0.132% | $8.1M | $40.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0361% / S −0.0258% | 1h | 4.4712 | −0.338% | $270K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0362% | 1h | 4.4687 | −0.391% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.4723 | −0.312% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0487% | 1h | 4.4783 | −0.179% | $2.0M | $4.2M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4700 | −0.364% | $564K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4597 | −0.593% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0848% | 1h | 4.4841 | −0.049% | $1.7M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0907% | 1h | 4.4793 | −0.156% | $378.6M | $307.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0959% | 1h | 4.4882 | +0.042% | $1.4M | $6.2M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1542% | 1h | 4.4272 | −1.317% | $6K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.1688% | 1h | 4.4863 | long leg | $17.9M | $25.5M | 15x |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD