Funding you earn now, next payment 09:00 UTC+0.0325%/8h= +35.6% APRnext payment +$0.41 per $10,000 · paid last 24h −0.090%
Price spread now: Lighter RH against Hyperliquid+0.119%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.119%, 7d avg +0.038%
=Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter RH is 0.081% dearer against Hyperliquid than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 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 | Hyperliquid NEAR | 4.3785 | 0.0187 | pay 0.0023% / 1h | 41m 49s | $353.8M | $318.8M | 10x |
| Short | Lighter RH NEAR | 4.3837 | 0.0512 | get 0.0064% / 1h | 41m 49s | $1.5M | $6.4M | 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
- $68.24
- Price spread: +0.119% → +0.038%
- $8.05
- Slippage, 4 orders
- −$14.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $53.13
- Costs to cover
- 0.232%
- Break-even
- 1.5 days
Slippage from Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago | 2.06 bp | 6.9 bp −$7 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.16 bp | 2.2 bp −$2 | 8.0 bp −$80 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0431% | 1h | 4.3818 | +0.075% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3761 | −0.056% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3778 | −0.016% | $107K | $67K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3817 | +0.073% | $164K | — | 150x | as long as short |
| Phemex NEARUSDT | +0.0017% | 8h | 4.3830 | +0.103% | $3.5M | $8.2M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.424% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3790 | +0.011% | $119K | $506K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3737 | −0.110% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3724 | −0.139% | $221.4M | $431.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3730 | −0.126% | $61.7M | $297.5M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Phemex NEARUSDT
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3810 | +0.057% | $220K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.080% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3742 | −0.098% | $36.4M | $61.9M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3750 | −0.080% | $52.6M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3720 | −0.148% | $72.1M | $128.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4208 | +0.965% | $9.1M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4085 | +0.685% | $256K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4040 | +0.583% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4050 | +0.605% | $166K | $828K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3788 | +0.007% | $273K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3835 | +0.114% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3890 | +0.240% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3830 | +0.103% | $5K | $50K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3804 | +0.044% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3714 | −0.162% | $3.6M | $15.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3845 | +0.136% | $204K | $40K | 3x | as long as short |
| Binance NEARUSDT | +0.0116% | 8h | 4.3750 | −0.080% | $263.7M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0118% | 8h | 4.3750 | −0.080% | $91.2M | $155.9M | 200x | as long as short |
| BingX NEAR-USDT | +0.0122% | 8h | 4.3740 | −0.103% | — | $83.8M | — | as long as short |
| Kalshi KXNEARPERP | +0.0149% | 8h | 4.3859 | +0.169% | $875K | $25.4M | 2.2x | as long as short |
| Hyperliquid NEARlong | +0.0187% | 1h | 4.3785 | long leg | $353.8M | $318.8M | 10x | |
| BloFin NEAR-USDT | +0.0238% | 8h | 4.3820 | +0.080% | $12.4M | $32.5M | 75x | as long as short |
| Nado NEAR-PERP | +0.0276% | 1h | 4.3795 | +0.023% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0312% | 1h | 4.3828 | +0.098% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0350% / S −0.0253% | 1h | 4.3818 | +0.075% | $257K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0356% | 8h | 4.3930 | +0.331% | $465K | $3.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3852 | +0.153% | $2.3M | $17.2M | 50x | as long as short |
| Lighter RH NEARshort | +0.0512% | 1h | 4.3837 | +0.119% | $1.5M | $6.4M | 10x | |
| Lighter NEAR | +0.0520% | 1h | 4.3836 | +0.117% | $17.3M | $23.9M | 15x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0553% | 1h | 4.3798 | +0.030% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3794 | +0.020% | $592K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3814 | +0.067% | $413K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0708% | 1h | 4.3863 | +0.178% | $1.9M | $13.1M | 25x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.4222 | +0.998% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1066% | 1h | 4.3880 | +0.217% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
Kalshi KXNEARPERP
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Lighter NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Aftermath Perps NEARUSD