Funding you earn now, next payment 01:00 UTC+0.0105%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.146%
Price spread now: Lighter RH against Hyperliquid+0.070%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.070%, 7d avg +0.038%
=Together, before fees+0.027%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.032% dearer against Hyperliquid than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.3111 | 0.0319 | pay 0.0040% / 1h | 49m 55s | $367.7M | $300.0M | 10x |
| Short | Lighter RH NEAR | 4.3141 | 0.0424 | get 0.0053% / 1h | 49m 55s | $1.6M | $6.8M | 10x |
Hyperliquid NEAR
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hyperliquid. 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
- $21.95
- Price spread: +0.070% → +0.038%
- $3.18
- Slippage, 4 orders
- −$14.57
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $1.56
- Costs to cover
- 0.236%
- Break-even
- 6.5 days
Slippage from Hyperliquid: live order book, 4 min ago; Lighter RH: 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 Hyperliquid live order book, 4 min ago | 1.04 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.43 bp | 5.6 bp −$6 | 10.4 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0899% | 8h | 4.3090 | −0.049% | $3.9M | $8.5M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3115 | +0.009% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0130% | 1h | 4.3105 | −0.014% | $7.6M | $37.1M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3084 | −0.063% | $2.3M | $13.1M | 50x | as long as short |
| Bybit NEARUSDT | −0.0068% | 8h | 4.3034 | −0.179% | $219.4M | $419.0M | 75x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3138 | +0.062% | $112K | $64K | 10x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.3173 | +0.144% | $13K | $7K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3093 | −0.042% | $378K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3137 | +0.060% | $204K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0014% | 8h | 4.2988 | −0.285% | $7.9M | $18.6M | — | as long as short |
Phemex NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Bybit NEARUSDT
dYdX NEAR-USD
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEARShow 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 | −3.946% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3160 | +0.114% | $112K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3100 | −0.026% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3131 | +0.045% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3131 | +0.047% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3137 | +0.060% | $404K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3080 | −0.072% | $255.8M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3040 | −0.165% | $61.2M | $281.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3170 | +0.137% | $198K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2646 | −1.078% | $243K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3050 | −0.141% | $31.0M | $58.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3080 | −0.072% | $79.9M | $138.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3080 | −0.072% | $56.4M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3049 | −0.144% | $71.4M | $125.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3050 | −0.141% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3062 | −0.115% | $267K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3082 | −0.068% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3080 | −0.072% | $180K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3165 | +0.125% | $194K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3220 | +0.253% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3086 | −0.058% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3200 | +0.206% | $459K | $3.6M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3043 | −0.157% | $3.9M | $16.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3109 | −0.006% | $201K | $28K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3040 | −0.165% | $13.0M | $29.2M | 75x | as long as short |
| Hyperliquid NEARlong | +0.0319% | 1h | 4.3111 | long leg | $367.7M | $300.0M | 10x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0377% / S −0.0313% | 1h | 4.3134 | +0.054% | $276K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0387% | 1h | 4.3126 | +0.034% | $1.9M | $3.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0423% | 1h | 4.3122 | +0.026% | $1.9M | $2.9M | 25x | as long as short |
| Lighter RH NEARshort | +0.0424% | 1h | 4.3141 | +0.070% | $1.6M | $6.8M | 10x | |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3179 | +0.158% | $410K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3136 | +0.058% | $1.8M | $2.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0501% | 1h | 4.3109 | −0.005% | $1.4M | $5.6M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1221% | 1h | 4.3031 | −0.187% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2248% | 1h | 4.3226 | +0.268% | $17.3M | $23.9M | 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
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR