NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0708%/8h= −77.5% APRnext payment −$0.89 per $10,000 · paid last 24h −0.044%

Price spread now: Polymarket Perps against Lighter RH+0.120%7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Lighter RH Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.444%−$44 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.120%, 7d avg −0.109%

Together, before fees−0.577%+ Points / potential airdropLighter RH: Points live · farm board−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.229% dearer against Lighter RH than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of −0.109%): +$23 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.444% in total) that is about 3.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.444% in total (about -23.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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	4.4037	0.0808	pay 0.0101% / 1h	52m 23s	$1.6M	$6.9M	10x
Short	Polymarket Perps NEAR-USD	4.4090	0.0100	get 0.0013% / 1h	52m 23s	$207K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 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 Lighter RHbpFee Polymarket PerpsbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$148.68
Price spread: +0.120% → −0.109%: $22.89
Slippage, 4 orders: −$23.92
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$157.71
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; Polymarket Perps: 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 Lighter RH live order book, 1 min ago	1.82 bp	4.7 bp −$5	12.0 bp −$120	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.46 bp	10.8 bp −$11	25.8 bp −$258	doesn't fit	doesn't fit

NEAR on 44 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	4.4044	+0.017%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3806	−0.525%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3981	−0.128%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3744	−0.665%	$551K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4046	+0.021%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.965%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4060	+0.052%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3998	−0.089%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4075	+0.087%	$267.6M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4048	+0.025%	$222.3M	$416.3M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4030	−0.016%	$62.7M	$290.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.863%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4056	+0.043%	$31.7M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4080	+0.098%	$76.3M	$139.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4100	+0.143%	$54.7M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4050	+0.030%	$72.3M	$125.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4050	+0.030%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	−0.521%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3659	−0.859%	$267K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.863%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.970%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4090	+0.120%	$207K	$3.6M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4058	+0.048%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3830	−0.470%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3805	−0.527%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3880	−0.357%	$459K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3780	−0.584%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4009	−0.063%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4014	−0.051%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3828	−0.475%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.4073	+0.082%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0325%	1h	4.4055	+0.041%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3789	−0.563%	$256K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4104	+0.152%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4070	+0.075%	$210K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0549%	1h	4.3844	−0.438%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0628%	1h	4.3819	−0.495%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0703%	1h	4.3841	−0.445%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEARlong	+0.0808%	1h	4.4037	long leg	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0838%	1h	4.4131	+0.213%	$371.6M	$304.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3900	−0.311%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4073	+0.082%	$556K	$1.3M	10x	as long as short
Lighter NEAR	+0.1008%	1h	4.4082	+0.102%	$17.6M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1665%	1h	4.3755	−0.640%	$6K	$12K	10x	as long as short