NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.227%

Price spread now: Lighter against Polymarket Perps+0.036%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs+$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.853%+$85 on $10k

Price spread, last 7 days+0.106%+$11 · spread now +0.036%, 7d avg +0.133%

Together, before fees+0.959%+ Points / potential airdropLighter: Season 3 · farm board+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.097% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.133%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.853% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4723	0.0100	pay 0.0013% / 1h	45m 10s	$274K	$4.0M	10x
Short	Lighter NEAR	4.4739	0.0232	get 0.0029% / 1h	45m 10s	$17.5M	$23.3M	15x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.036%Rate

Funding earned: $27.72
Price spread: +0.036% → +0.133%: −$9.7
Slippage, 4 orders: −$18.57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.55
Costs to cover: 0.266%
Break-even: 9.2 days

Slippage from Polymarket Perps: live order book, 7 min ago; Lighter: live order book, 7 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, 7 min ago	3.45 bp	7.5 bp −$7	19.8 bp −$198	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.59 bp	3.4 bp −$3	9.1 bp −$91	60.1 bp −$6,010	doesn't fit

NEAR on 45 exchanges

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	−0.0237%	1h	4.4672	−0.113%	$7.4M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4684	−0.087%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4725	+0.004%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4712	−0.025%	$841K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4671	−0.116%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.408%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+0.060%	$123K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4710	−0.029%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4710	−0.028%	$271.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4689	−0.076%	$230.8M	$427.0M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4680	−0.096%	$63.9M	$297.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4750	+0.060%	$267K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4681	−0.094%	$39.7M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4700	−0.051%	$76.2M	$168.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4700	−0.051%	$53.1M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4660	−0.141%	$74.1M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4660	−0.141%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4714	−0.021%	$8.9M	$16.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4825	+0.228%	$265K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4781	+0.129%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4820	+0.217%	$167K	$822K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4723	long leg	$274K	$4.0M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4676	−0.105%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4730	+0.016%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4695	−0.063%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4750	+0.060%	$464K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4700	−0.051%	$3.3M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4739	+0.035%	$33K	$245	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4645	−0.174%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4655	−0.153%	$208K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0171%	1h	4.4725	+0.004%	$360.3M	$314.8M	10x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.4746	+0.051%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0219%	1h	4.4704	−0.041%	$1.8M	$3.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4700	−0.051%	$12.9M	$32.4M	75x	as long as short
Lighter NEARshort	+0.0232%	1h	4.4739	+0.036%	$17.5M	$23.3M	15x
Lighter RH NEAR	+0.0336%	1h	4.4742	+0.042%	$1.5M	$5.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4650	−0.163%	$262K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4760	+0.083%	$226K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4751	+0.063%	$633K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4797	+0.165%	$2.3M	$17.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0619%	1h	4.4742	+0.042%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0691%	1h	4.4694	−0.065%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4913	+0.425%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4751	+0.062%	$419K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.4817	+0.210%	$6K	$6K	10x	as long as short