Funding you earn now, next payment 11:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.020%
Price spread now: Lighter RH against Arcus−0.016%7-day average +0.102% · 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−$33as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 4 days (all we have)+0.024%+$2 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.016%, 7d avg +0.102%
=Together, before fees+0.033%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.118% cheaper against Arcus than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.102%). If the spread goes back, that is −$12 on $10k: about 4.8 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.024% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NEAR-USD | 4.4900 | 0.0343 | pay 0.0043% / 1h | 56m 11s | $227K | $1.4M | 10x |
| Short | Lighter RH NEAR | 4.4893 | 0.0424 | get 0.0053% / 1h | 56m 11s | $1.6M | $5.7M | 10x |
Arcus NEAR-USD
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. 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
- $17.01
- Price spread: −0.016% → +0.102%
- −$11.78
- Slippage, 4 orders
- −$16.68
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$15.94
- Costs to cover
- 0.212%
- Break-even
- 13.6 days
Slippage from Arcus: live order book, 1 min ago; Lighter RH: live order book, 5 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 | 2.22 bp | 5.1 bp −$5 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 2.66 bp | 2.7 bp −$3 | 10.0 bp −$100 | doesn't fit | doesn't fit |
NEAR on 45 exchanges
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 | −0.0236% | 1h | 4.4832 | −0.151% | $7.4M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4839 | −0.136% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4956 | +0.124% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4888 | −0.027% | $788K | $26.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4937 | +0.082% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.773% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4890 | −0.022% | $123K | $507K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4850 | −0.111% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4850 | −0.111% | $272.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4838 | −0.138% | $231.9M | $428.4M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4730 | −0.379% | $64.1M | $298.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4950 | +0.111% | $268K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4832 | −0.151% | $39.9M | $61.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4830 | −0.156% | $76.7M | $166.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4860 | −0.089% | $53.2M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4719 | −0.403% | $74.2M | $127.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4740 | −0.356% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5024 | +0.277% | $8.9M | $17.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5026 | +0.280% | $266K | $871K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5100 | +0.445% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5130 | +0.512% | $168K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4896 | −0.009% | $281K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4856 | −0.098% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4940 | +0.089% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4745 | −0.345% | $5K | $40K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4950 | +0.111% | $466K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4840 | −0.134% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4893 | −0.015% | $32K | $51 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4830 | −0.155% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4839 | −0.135% | $208K | $38K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4990 | +0.200% | $12.9M | $32.7M | 75x | as long as short |
| Nado NEAR-PERP | +0.0234% | 1h | 4.4890 | −0.022% | $1.7M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0272% | 1h | 4.4888 | −0.027% | $13K | $4K | 10x | as long as short |
| Lighter NEAR | +0.0320% | 1h | 4.4886 | −0.032% | $17.5M | $23.2M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4821 | −0.175% | $263K | — | 100x | as long as short |
| Arcus NEAR-USDlong | +0.0343% | 1h | 4.4900 | long leg | $227K | $1.4M | 10x | |
| Hyperliquid NEAR | +0.0344% | 1h | 4.4801 | −0.220% | $361.2M | $318.7M | 10x | as long as short |
| Lighter RH NEARshort | +0.0424% | 1h | 4.4893 | −0.016% | $1.6M | $5.7M | 10x | |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4884 | −0.036% | $637K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4913 | +0.029% | $2.3M | $17.7M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0615% | 1h | 4.4800 | −0.223% | $1.1M | $7.0M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0642% | 1h | 4.4876 | −0.053% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.0851% | 1h | 4.5045 | +0.323% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4928 | +0.063% | $422K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1169% | 1h | 4.4994 | +0.210% | $6K | $6K | 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
Polymarket Perps NEAR-USD
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
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD