Funding you earn now, next payment 08:00 UTC+0.0628%/8h= +68.8% APRnext payment +$0.79 per $10,000 · paid last 24h +0.231%
Price spread now: Lighter against Polymarket Perps+0.159%45s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs+$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days+0.831%+$83 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now +0.159%, 7d avg +0.136%
=Together, before fees+0.823%+ Points / potential airdropLighter: Season 3 · farm board+$82 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.136%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NEAR-USD | 4.3210 | 0.0100 | pay 0.0013% / 1h | 56m 42s | $278K | $4.1M | 10x |
| Short | Lighter NEAR | 4.3279 | 0.0728 | get 0.0091% / 1h | 56m 42s | $17.0M | $24.8M | 15x |
Polymarket Perps NEAR-USD
Lighter NEARFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $131.88
- Price spread: +0.159% → +0.136%
- $2.3
- Slippage, 4 orders
- −$13.56
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $112.62
- Costs to cover
- 0.216%
- Break-even
- 1.0 days
Slippage from Polymarket Perps: live order book, 2 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, 2 min ago | 2.09 bp | 6.2 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.90 bp | 4.1 bp −$4 | 10.9 bp −$109 | 55.2 bp −$5,517 | 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 | 4.3183 | −0.064% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3189 | −0.048% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3178 | −0.073% | $162K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3187 | −0.053% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.166% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3210 | 0.000% | $105K | $492K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3197 | −0.030% | $218.4M | $431.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3180 | −0.069% | $60.7M | $290.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3150 | −0.138% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3210 | 0.000% | $35.2M | $61.5M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3240 | +0.069% | $52.4M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3209 | −0.002% | $71.5M | $128.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3137 | −0.168% | $8.6M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3174 | −0.084% | $250K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3153 | −0.131% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3150 | −0.139% | $163K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.3210 | long leg | $278K | $4.1M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3211 | +0.002% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3300 | +0.208% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3215 | +0.012% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3310 | +0.231% | $458K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3230 | +0.046% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3187 | −0.054% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3210 | 0.000% | $3.6M | $17.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.3223 | +0.031% | $201K | $38K | 3x | as long as short |
| BingX NEAR-USDT | +0.0202% | 8h | 4.3210 | 0.000% | — | $144.8M | — | as long as short |
| Kalshi KXNEARPERP | +0.0209% | 8h | 4.3234 | +0.056% | $937K | $25.1M | 2.2x | as long as short |
| MEXC NEAR_USDT | +0.0213% | 8h | 4.3220 | +0.023% | $76.8M | $148.0M | 200x | as long as short |
| Binance NEARUSDT | +0.0215% | 8h | 4.3200 | −0.023% | $262.5M | $1.09B | 75x | as long as short |
| Aster NEARUSDT | +0.0243% | 8h | 4.3198 | −0.027% | $2.7M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0201% | 1h | 4.3173 | −0.087% | $231K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0314% | 1h | 4.3224 | +0.033% | $1.6M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0334% | 8h | 4.3240 | +0.069% | $13.5M | $32.0M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.3246 | +0.083% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0424% | 1h | 4.3244 | +0.079% | $1.3M | $7.0M | 20x | as long as short |
| Hyperliquid NEAR | +0.0463% | 1h | 4.3255 | +0.104% | $351.2M | $315.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3230 | +0.046% | $2.3M | $16.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3250 | +0.093% | $228K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0699% | 1h | 4.3229 | +0.044% | $1.9M | $13.0M | 25x | as long as short |
| Lighter NEARshort | +0.0728% | 1h | 4.3279 | +0.159% | $17.0M | $24.8M | 15x | |
| Lighter RH NEAR | +0.0728% | 1h | 4.3246 | +0.083% | $1.5M | $6.6M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3202 | −0.019% | $407K | $1.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3221 | +0.026% | $656K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.3206 | −0.009% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1279% | 1h | 4.3258 | +0.111% | $5K | $12K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDT
Kalshi KXNEARPERP
MEXC NEAR_USDT
Binance NEARUSDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Coinbase International NEAR-PERP-INTX
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Pacifica NEAR
RISEx NEAR/USDC
Phoenix NEAR
Aftermath Perps NEARUSD