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: Lighter RH against Polymarket Perps−0.120%7-day average +0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$320.319% of the position
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+0.576%+ Points / potential airdropLighter RH: Points live · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.229% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.109%). If the spread goes back, that is −$23 on $10k: about 26 hours of funding at the current rate (+$21 a day). 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 | Polymarket Perps NEAR-USD | 4.4090 | 0.0100 | pay 0.0013% / 1h | 52m 23s | $207K | $3.6M | 10x |
| Short | Lighter RH NEAR | 4.4037 | 0.0808 | get 0.0101% / 1h | 52m 23s | $1.6M | $6.9M | 10x |
Polymarket Perps NEAR-USD
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $148.68
- Price spread: −0.120% → +0.109%
- −$22.88
- Slippage, 4 orders
- −$23.92
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $93.89
- Costs to cover
- 0.319%
- Break-even
- 2.6 days
Slippage from Polymarket Perps: live order book, 2 min ago; Lighter RH: live order book, 1 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 | 0.46 bp | 12.6 bp −$13 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.82 bp | 3.8 bp −$4 | 11.3 bp −$113 | 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 | −0.103% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3806 | −0.644% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3981 | −0.248% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3744 | −0.785% | $551K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4046 | −0.099% | $199K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.078% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4060 | −0.068% | $116K | $488K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3998 | −0.210% | $415K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4075 | −0.034% | $267.6M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4048 | −0.095% | $222.3M | $416.3M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow 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 | −0.136% | $62.7M | $290.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | −0.982% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4056 | −0.077% | $31.7M | $61.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4080 | −0.023% | $76.3M | $139.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4100 | +0.023% | $54.7M | $43.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4050 | −0.091% | $72.3M | $125.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4050 | −0.091% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3808 | −0.640% | $8.4M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3659 | −0.978% | $267K | $994K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3657 | −0.982% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3610 | −1.089% | $194K | $777K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.4090 | long leg | $207K | $3.6M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4058 | −0.073% | $61K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3830 | −0.590% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3805 | −0.646% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3880 | −0.476% | $459K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3780 | −0.703% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4009 | −0.183% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4014 | −0.171% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3828 | −0.595% | $204K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0193% | 8h | 4.4073 | −0.039% | $3.0M | $5.5M | 50x | as long as short |
| Nado NEAR-PERP | +0.0325% | 1h | 4.4055 | −0.079% | $1.9M | $3.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0243% | 1h | 4.3789 | −0.683% | $256K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.4104 | +0.032% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4070 | −0.045% | $210K | $1.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0549% | 1h | 4.3844 | −0.558% | $1.9M | $4.3M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0628% | 1h | 4.3819 | −0.615% | $1.4M | $6.4M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0703% | 1h | 4.3841 | −0.565% | $8.2M | $41.0M | 50x | as long as short |
| Lighter RH NEARshort | +0.0808% | 1h | 4.4037 | −0.120% | $1.6M | $6.9M | 10x | |
| Hyperliquid NEAR | +0.0838% | 1h | 4.4131 | +0.093% | $371.6M | $304.0M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3900 | −0.431% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4073 | −0.038% | $556K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1008% | 1h | 4.4082 | −0.018% | $17.6M | $25.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1665% | 1h | 4.3755 | −0.760% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk 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
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
Aster NEARUSDT
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD