Funding you earn now, next payment 06:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.017%
Price spread now: Lighter against Backpack+0.044%7-day average −0.682% · you sell dearer than you buy
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs+$51as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days+0.402%+$40 on $10k
+Price spread, last 7 days+0.342%+$34 · spread now +0.044%, 7d avg −0.682%
=Together, before fees+0.744%+ Points / potential airdropLighter: Season 3 · farm board+$74 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.726% dearer against Backpack than usual: you sell high and buy low: +$73 more if the spread goes back to its 7-day average of −0.682%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.3478 | 0.0685 | pay 0.0086% / 1h | 19m 50s | $1.3M | $6.6M | 20x |
| Short | Lighter NEAR | 4.3497 | 0.0928 | get 0.0116% / 1h | 19m 50s | $17.0M | $25.1M | 15x |
Backpack NEAR_USDC_PERP
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. 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
- $51.08
- Price spread: +0.044% → −0.682%
- $72.64
- Slippage, 4 orders
- −$11.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $102.09
- Costs to cover
- 0.216%
- Break-even
- from the start
Slippage from Backpack: live order book, 4 min ago; Lighter: live order book, 4 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 Backpack live order book, 4 min ago | 2.21 bp | 7.4 bp −$7 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.08 bp | 3.3 bp −$3 | 13.5 bp −$135 | 75.5 bp −$7,547 | 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 | 4.3394 | −0.192% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3282 | −0.450% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3389 | −0.205% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.756% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3390 | −0.202% | $114K | $497K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3450 | −0.064% | $217.0M | $420.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3480 | +0.005% | $61.1M | $288.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | −0.984% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3463 | −0.035% | $32.9M | $60.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3500 | +0.051% | $78.7M | $145.0M | 200x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3480 | +0.005% | $52.5M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3448 | −0.069% | $71.8M | $127.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3480 | +0.005% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3197 | −0.645% | $8.4M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3029 | −1.034% | $259K | $956K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3062 | −0.956% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3409 | −0.159% | $266K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3454 | −0.055% | $57K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3510 | +0.074% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3550 | +0.166% | $469K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3460 | −0.041% | $3.6M | $8.3M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3520 | +0.097% | $266.3M | $1.08B | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3391 | −0.201% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3456 | −0.051% | $202K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3270 | −0.478% | $13.4M | $31.7M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3480 | +0.005% | $2.3M | $16.2M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0298% | 8h | 4.3399 | −0.182% | $941K | $24.6M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0312% / S −0.0201% | 1h | 4.3384 | −0.217% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.3493 | +0.033% | $2.8M | $5.3M | 50x | as long as short |
| ApeX Omni NEARUSDT | +0.0346% | 1h | 4.3030 | −1.030% | $165K | $795K | 50x | as long as short |
| Nado NEAR-PERP | +0.0385% | 1h | 4.3395 | −0.191% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0520% | 1h | 4.3424 | −0.125% | $3.7M | $19.6M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0580% | 1h | 4.3425 | −0.122% | $6K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0663% | 1h | 4.3478 | 0.000% | $356.2M | $309.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0685% | 1h | 4.3478 | long leg | $1.3M | $6.6M | 20x | |
| Kraken Futures PF_NEARUSD | +0.0728% | 1h | 4.3421 | −0.132% | $7.4M | $38.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0744% | 1h | 4.3453 | −0.058% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3440 | −0.087% | $225K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3339 | −0.320% | $397K | $1.3M | 10x | as long as short |
| Lighter NEARshort | +0.0928% | 1h | 4.3497 | +0.044% | $17.0M | $25.1M | 15x | |
| Phoenix NEAR | +0.1033% | 1h | 4.3267 | −0.485% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.3515 | +0.085% | $1.5M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3436 | −0.096% | $693K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1340% | 1h | 4.3060 | −0.962% | $5K | $12K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1501% | 1h | 4.3475 | −0.007% | $1.9M | $11.2M | 25x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Binance NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
ApeX Omni NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL