Funding you earn now, next payment 09:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.090%
Price spread now: Hyperliquid against Lighter RH−0.069%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days−0.055%−$5 · spread now −0.069%, 7d avg −0.038%
=Together, before fees−0.119%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.031% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.4714 | 0.0472 | pay 0.0059% / 1h | 12m 56s | $1.5M | $6.5M | 10x |
| Short | Hyperliquid NEAR | 4.4683 | 0.0380 | get 0.0047% / 1h | 12m 56s | $363.7M | $318.2M | 10x |
Lighter RH NEAR
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter RH. 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
- −$19.34
- Price spread: −0.069% → −0.038%
- −$3.11
- Slippage, 4 orders
- −$9.08
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$40.53
- Costs to cover
- 0.181%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; Hyperliquid: live order book, 11 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 RH live order book, 6 min ago | 2.12 bp | 2.3 bp −$2 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.11 bp | 6.2 bp −$6 | doesn't fit | 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 | −0.0423% | 1h | 4.4638 | −0.170% | $7.3M | $38.5M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4703 | −0.025% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4759 | +0.100% | $109K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4678 | −0.080% | $168K | — | 150x | as long as short |
| Phemex NEARUSDT | +0.0024% | 8h | 4.4630 | −0.188% | $3.6M | $7.7M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.389% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4780 | +0.148% | $115K | $509K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4644 | −0.158% | $2.7M | $4.6M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4660 | −0.121% | $269.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4680 | −0.076% | $227.9M | $427.1M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Phemex NEARUSDT
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4660 | −0.121% | $62.8M | $301.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4800 | +0.192% | $230K | $1.4M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4637 | −0.172% | $38.0M | $63.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4630 | −0.188% | $89.5M | $162.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4640 | −0.165% | $52.8M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4605 | −0.244% | $73.6M | $127.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4650 | −0.143% | — | $82.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4848 | +0.301% | $9.3M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4718 | +0.009% | $259K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4710 | −0.009% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4670 | −0.098% | $168K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4752 | +0.085% | $279K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4686 | −0.063% | $57K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4740 | +0.058% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4664 | −0.112% | $5K | $49K | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4787 | +0.163% | $258K | $3K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4765 | +0.114% | $32K | $413 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4599 | −0.257% | $3.7M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4675 | −0.087% | $208K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0135% | 8h | 4.4668 | −0.103% | $899K | $25.4M | 2.2x | as long as short |
| Nado NEAR-PERP | +0.0217% | 1h | 4.4745 | +0.069% | $1.7M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4670 | −0.098% | $12.6M | $32.9M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0344% | 1h | 4.4804 | +0.201% | $13K | $6K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0359% / S −0.0261% | 1h | 4.4694 | −0.044% | $263K | — | 100x | as long as short |
| Hyperliquid NEARshort | +0.0380% | 1h | 4.4683 | −0.069% | $363.7M | $318.2M | 10x | |
| Lighter RH NEARlong | +0.0472% | 1h | 4.4714 | long leg | $1.5M | $6.5M | 10x | |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.4853 | +0.311% | $2.3M | $17.6M | 50x | as long as short |
| HTX NEAR-USDT | +0.0490% | 8h | 4.4830 | +0.259% | $472K | $3.7M | 75x | as long as short |
| Lighter NEAR | +0.0504% | 1h | 4.4706 | −0.018% | $17.6M | $24.1M | 15x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0597% | 1h | 4.4657 | −0.127% | $1.1M | $7.1M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.4788 | +0.166% | $618K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.4818 | +0.231% | $422K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.4814 | +0.224% | $1.8M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1071% | 1h | 4.4720 | +0.013% | $1.9M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1124% | 1h | 4.4610 | −0.231% | $6K | $7K | 10x | as long as short |
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
Bulk NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kalshi KXNEARPERP
Nado NEAR-PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Coinbase International NEAR-PERP-INTX
HTX NEAR-USDT
Lighter NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD