Funding you earn now, next payment 23:00 UTC+0.0226%/8h= +24.7% APRnext payment +$0.28 per $10,000 · paid last 24h +0.146%
Price spread now: Hyperliquid against Lighter RH+0.122%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days−0.152%−$15 · spread now +0.122%, 7d avg −0.039%
=Together, before fees−0.210%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.161% dearer against Lighter RH than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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 RH NEAR | 4.1641 | 0.0096 | pay 0.0012% / 1h | 44m 48s | $1.4M | $6.9M | 10x |
| Short | Hyperliquid NEAR | 4.1692 | 0.0322 | get 0.0040% / 1h | 44m 48s | $350.5M | $298.5M | 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
- $47.41
- Price spread: +0.122% → −0.039%
- $16.13
- Slippage, 4 orders
- −$14.66
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $39.88
- Costs to cover
- 0.237%
- Break-even
- 1.1 days
Slippage from Lighter RH: live order book, 4 min ago; Hyperliquid: live order book, 9 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, 4 min ago | 3.37 bp | 7.1 bp −$7 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.12 bp | 6.0 bp −$6 | 9.6 bp −$96 | 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 | 4.1556 | −0.203% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1590 | −0.122% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.555% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1585 | −0.133% | $107K | $56K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1607 | −0.082% | $440K | $18.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1598 | −0.103% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1621 | −0.047% | $7.5M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0064% | 1h | 4.1577 | −0.154% | $12K | $7K | 10x | as long as short |
| Lighter NEAR | +0.0096% | 1h | 4.1655 | +0.033% | $15.3M | $22.5M | 15x | as long as short |
| Lighter RH NEARlong | +0.0096% | 1h | 4.1641 | long leg | $1.4M | $6.9M | 10x |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.1570 | −0.171% | $111K | $483K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1600 | −0.098% | $54K | $156K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1575 | −0.158% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1660 | +0.046% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1611 | −0.071% | $350K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1665 | +0.057% | $238.4M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1630 | −0.026% | $212.3M | $422.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1650 | +0.022% | $57.1M | $275.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1580 | −0.146% | $308K | $1.6M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1676 | +0.084% | $29.7M | $56.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1650 | +0.022% | $82.0M | $141.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1670 | +0.070% | $55.0M | $44.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1637 | −0.010% | $69.2M | $125.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1650 | +0.022% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1461 | −0.432% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1534 | −0.257% | $237K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1516 | −0.301% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1500 | −0.339% | $182K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1604 | −0.089% | $198K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1620 | −0.050% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1590 | −0.122% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1580 | −0.146% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1450 | −0.459% | $236K | $4K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1666 | +0.060% | $3.8M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1595 | −0.111% | $200K | $62K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1600 | −0.098% | $12.2M | $33.4M | 75x | as long as short |
| Hyperliquid NEARshort | +0.0322% | 1h | 4.1692 | +0.122% | $350.5M | $298.5M | 10x | |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1592 | −0.118% | $412K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0380% / S −0.0327% | 1h | 4.1600 | −0.098% | $280K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0459% | 1h | 4.1643 | +0.005% | $1.2M | $5.7M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0495% | 1h | 4.1639 | −0.005% | $1.8M | $2.1M | 25x | as long as short |
| Nado NEAR-PERP | +0.0514% | 1h | 4.1557 | −0.202% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1614 | −0.065% | $1.7M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0904% | 1h | 4.1502 | −0.333% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1007% | 8h | 4.1730 | +0.214% | $447K | $3.6M | 75x | as long as short |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
Phoenix NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT