NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.144%

Price spread now: Lighter against Arcus−0.058%7-day average +0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.263%+$26 on $10k

Price spread, last 7 days+0.240%+$24 · spread now −0.058%, 7d avg +0.127%

Together, before fees+0.503%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.185% cheaper against Arcus than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.127%). If the spread goes back, that is −$18 on $10k: about 5.8 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.263% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3610	0.0814	pay 0.0102% / 1h	13m 00s	$226K	$1.6M	10x
Short	Lighter NEAR	4.3585	0.0920	get 0.0115% / 1h	13m 00s	$17.1M	$25.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now −0.058%Rate

Funding earned: $22.25
Price spread: −0.058% → +0.127%: −$18.49
Slippage, 4 orders: −$14.81
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.55
Costs to cover: 0.193%
Break-even: 11.9 days

Slippage from Arcus: live order book, 1 min ago; Lighter: live order book, 6 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 Arcus live order book, 1 min ago	2.29 bp	5.7 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.23 bp	6.4 bp −$6	20.1 bp −$201	67.8 bp −$6,779	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	4.3530	−0.182%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3575	−0.080%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3490	−0.275%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.045%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3600	−0.023%	$115K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3462	−0.339%	$217.6M	$420.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.275%	$61.4M	$289.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.284%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3449	−0.369%	$33.0M	$60.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3480	−0.298%	$52.5M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3453	−0.360%	$71.7M	$126.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.303%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3566	−0.100%	$254K	$967K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3591	−0.043%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3617	+0.016%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3542	−0.156%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	+0.138%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.206%	$471K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3510	−0.229%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3547	−0.145%	$31K	$608	10x	as long as short
BingX NEAR-USDT	+0.0109%	8h	4.3470	−0.321%	—	$143.4M	—	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3550	−0.138%	$202K	$37K	3x	as long as short
MEXC NEAR_USDT	+0.0115%	8h	4.3530	−0.183%	$82.5M	$145.7M	200x	as long as short
Binance NEARUSDT	+0.0119%	8h	4.3489	−0.278%	$264.6M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0239%	8h	4.3520	−0.206%	$13.3M	$31.9M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3556	−0.124%	$2.3M	$16.2M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3488	−0.280%	$233K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.3577	−0.076%	$994K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3500	−0.252%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0394%	1h	4.3540	−0.161%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0435%	1h	4.3520	−0.206%	$167K	$795K	50x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.3445	−0.378%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USD	+0.0543%	1h	4.3505	−0.241%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0656%	1h	4.3561	−0.112%	$357.8M	$311.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0688%	1h	4.3534	−0.174%	$1.3M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0693%	1h	4.3535	−0.172%	$1.9M	$11.7M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0727%	1h	4.3492	−0.271%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3659	+0.112%	$13K	$7K	10x	as long as short
Arcus NEAR-USDlong	+0.0814%	1h	4.3610	long leg	$226K	$1.6M	10x
Pacifica NEAR	+0.0847%	1h	4.3596	−0.032%	$399K	$1.3M	10x	as long as short
Lighter NEARshort	+0.0920%	1h	4.3585	−0.058%	$17.1M	$25.2M	15x
Phoenix NEAR	+0.1033%	1h	4.3660	+0.115%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3588	−0.050%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3602	−0.018%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1317%	1h	4.3417	−0.443%	$5K	$12K	10x	as long as short