Funding you earn now, next payment 01:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter RH against Polymarket Perps+0.199%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Funding, last 7 days+0.430%+$43 on $10k
+Price spread, last 7 days−0.221%−$22 · spread now +0.199%, 7d avg +0.108%
=Together, before fees+0.210%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter RH is 0.091% dearer against Polymarket Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NEAR-USD | 4.2616 | 0.0100 | pay 0.0013% / 1h | 31m 16s | $203K | $3.5M | 10x |
| Short | Lighter RH NEAR | 4.2701 | 0.0352 | get 0.0044% / 1h | 31m 16s | $1.6M | $6.9M | 10x |
Polymarket Perps NEAR-USD
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $52.92
- Price spread: +0.199% → +0.108%
- $9.14
- Slippage, 4 orders
- −$18.82
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $35.24
- Costs to cover
- 0.268%
- Break-even
- 2.3 days
Slippage from Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago | 2.96 bp | 8.3 bp −$8 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 3.30 bp | 3.5 bp −$4 | 7.8 bp −$78 | 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 | 4.2605 | −0.025% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0132% | 1h | 4.2651 | +0.081% | $7.2M | $37.4M | 50x | as long as short |
| Bybit NEARUSDT | −0.0106% | 8h | 4.2603 | −0.031% | $215.1M | $415.6M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2418 | −0.465% | $2.2M | $12.8M | 50x | as long as short |
| Gate NEAR_USDT | −0.0034% | 8h | 4.2634 | +0.042% | $30.6M | $59.3M | 75x | as long as short |
| 01 Exchange NEARUSD | −0.0024% | 1h | 4.2619 | +0.007% | $13K | $7K | 10x | as long as short |
| Variational Omni NEAR | −0.0005% | 8h | 4.2608 | −0.018% | $8.0M | $18.7M | — | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2627 | +0.025% | $110K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2591 | −0.059% | $425K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2651 | +0.082% | $203K | — | 150x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Bybit NEARUSDT
Coinbase International NEAR-PERP-INTX
Gate NEAR_USDT
01 Exchange NEARUSD
Variational Omni NEAR
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −2.830% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2610 | −0.014% | $111K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.2659 | +0.101% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0099% | 8h | 4.2569 | −0.111% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2657 | +0.095% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2627 | +0.026% | $399K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2639 | +0.054% | $252.7M | $1.06B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2580 | −0.084% | $59.9M | $277.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2610 | −0.014% | $195K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2709 | +0.219% | $243K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2620 | +0.009% | $77.3M | $140.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2660 | +0.103% | $56.0M | $42.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2629 | +0.031% | $70.7M | $124.5M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2640 | +0.056% | — | $141.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2143 | −1.111% | $261K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2147 | −1.100% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2320 | −0.695% | $177K | $788K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.2616 | long leg | $203K | $3.5M | 10x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2670 | +0.127% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2640 | +0.056% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2720 | +0.244% | $458K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2650 | +0.080% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2616 | 0.000% | $3.8M | $16.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2640 | +0.056% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEAR | +0.0153% | 1h | 4.2663 | +0.110% | $357.4M | $304.1M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2620 | +0.009% | $12.9M | $28.1M | 75x | as long as short |
| Lighter RH NEARshort | +0.0352% | 1h | 4.2701 | +0.199% | $1.6M | $6.9M | 10x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0308% | 1h | 4.2637 | +0.049% | $272K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0388% | 1h | 4.2487 | −0.303% | $1.4M | $5.7M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2639 | +0.053% | $404K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0481% | 1h | 4.2575 | −0.096% | $1.8M | $3.2M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2201 | −0.974% | $1.7M | $2.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0547% | 1h | 4.2692 | +0.178% | $1.9M | $3.3M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1322% | 1h | 4.2534 | −0.192% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1904% | 1h | 4.2756 | +0.329% | $17.1M | $24.1M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Nado NEAR-PERP
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD
Lighter NEAR