Funding you earn now, next payment 02:00 UTC+0.1604%/8h= +175.6% APRnext payment +$2.00 per $10,000 · paid last 24h +0.218%
Price spread now: Lighter against Polymarket Perps−0.055%7-day average +0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.764%+$76 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.055%, 7d avg +0.136%
=Together, before fees+0.952%+ Points / potential airdropLighter: Season 3 · farm board+$95 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.191% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.136%). If the spread goes back, that is −$19 on $10k: about 10 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+0.764% in total) that is about 42 hours.
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 +$2.00 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 | Polymarket Perps NEAR-USD | 4.4689 | 0.0100 | pay 0.0013% / 1h | 19m 58s | $207K | $3.6M | 10x |
| Short | Lighter NEAR | 4.4665 | 0.1704 | get 0.0213% / 1h | 19m 58s | $17.9M | $25.5M | 15x |
Polymarket Perps NEAR-USD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $336.84
- Price spread: −0.055% → +0.136%
- −$19.08
- Slippage, 4 orders
- −$20.3
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $289.46
- Costs to cover
- 0.283%
- Break-even
- 1.0 days
Slippage from Polymarket Perps: live order book, 4 min ago; Lighter: live order book, 4 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 Polymarket Perps live order book, 4 min ago | 3.18 bp | 9.1 bp −$9 | 30.6 bp −$306 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.09 bp | 6.4 bp −$6 | 29.4 bp −$294 | 102.6 bp −$10.3K | 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 | 4.4654 | −0.078% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0118% | 8h | 4.4520 | −0.378% | $3.9M | $8.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4609 | −0.179% | $2.2M | $14.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4596 | −0.209% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4698 | +0.020% | $690K | $19.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4638 | −0.113% | $198K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.337% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0080% | 8h | 4.4757 | +0.152% | $8.6M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4630 | −0.132% | $111K | $489K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4621 | −0.151% | $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 | 4.4697 | +0.019% | $271.0M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4664 | −0.056% | $226.5M | $422.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4660 | −0.065% | $63.8M | $293.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4690 | +0.002% | $213K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −1.430% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4602 | −0.195% | $32.4M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4680 | −0.020% | $77.0M | $142.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4690 | +0.002% | $54.9M | $43.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4656 | −0.074% | $73.6M | $125.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4650 | −0.087% | — | $143.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4177 | −1.145% | $273K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4339 | −0.783% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4180 | −1.139% | $183K | $763K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.4689 | long leg | $207K | $3.6M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4537 | −0.340% | $61K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.154% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4535 | −0.345% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.154% | $463K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4571 | −0.265% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4648 | −0.093% | $3.9M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4565 | −0.277% | $207K | $34K | 3x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0154% | 1h | 4.4553 | −0.304% | $1.9M | $4.2M | 25x | as long as short |
| Aster NEARUSDT | +0.0192% | 8h | 4.4630 | −0.132% | $3.1M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0212% | 1h | 4.4551 | −0.308% | $8.1M | $40.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0355% / S −0.0249% | 1h | 4.4634 | −0.123% | $265K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0360% | 1h | 4.4640 | −0.110% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.4711 | +0.049% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4675 | −0.032% | $568K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4597 | −0.206% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0840% | 1h | 4.4643 | −0.103% | $1.7M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0916% | 1h | 4.4689 | 0.000% | $377.9M | $307.9M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0963% | 1h | 4.4658 | −0.069% | $1.4M | $6.3M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1554% | 1h | 4.4349 | −0.762% | $6K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1704% | 1h | 4.4665 | −0.055% | $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
Deribit NEAR_USDC-PERPETUAL
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD