Funding you earn now, next payment 06:00 UTC+0.0820%/8h= +89.8% APRnext payment +$1.03 per $10,000 · paid last 24h +0.234%
Price spread now: Lighter against Bulk+1.316%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$76as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 4 days (all we have)+0.598%+$60 on $10k
+Price spread, last 4 days (all we have)−1.483%−$148 · spread now +1.316%, 7d avg +0.164%
=Together, before fees−0.885%+ Points / potential airdropLighter: Season 3 · farm board−$88 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 1.152% dearer against Bulk than usual: you sell high and buy low: +$115 more if the spread goes back to its 7-day average of +0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk NEAR-USD | 4.3050 | 0.0100 | pay 0.0013% / 1h | 15m 10s | $245K | −$0 | 10x |
| Short | Lighter NEAR | 4.3616 | 0.0920 | get 0.0115% / 1h | 15m 10s | $17.1M | $25.2M | 15x |
Bulk NEAR-USD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bulk. 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
- $172.2
- Price spread: +1.316% → +0.164%
- $115.18
- Slippage, 4 orders
- −$32.42
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $247.96
- Costs to cover
- 0.394%
- Break-even
- from the start
Slippage from Bulk: live order book, 34 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 Bulk live order book, 34 min ago | 11.67 bp | 15.2 bp −$15 | 15.2 bp −$152 | 26.9 bp −$2,694 | 41.3 bp −$20.6K |
| Sell Lighter live order book, 4 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 | 4.3514 | +1.079% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3553 | +1.167% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3524 | +1.101% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.810% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3540 | +1.138% | $115K | $497K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3558 | +1.180% | $218.2M | $420.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3580 | +1.231% | $61.6M | $289.7M | 50x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.3050 | long leg | $245K | −$0 | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3527 | +1.108% | $33.1M | $60.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3540 | +1.138% | $52.6M | $46.1M | 75x | 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
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3549 | +1.159% | $71.9M | $127.0M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3478 | +0.994% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3301 | +0.584% | $261K | $958K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3442 | +0.910% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3556 | +1.175% | $266K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3579 | +1.229% | $57K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3630 | +1.347% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3690 | +1.487% | $470K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3540 | +1.138% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3520 | +1.093% | $31K | $608 | 10x | as long as short |
| BingX NEAR-USDC | +0.0105% | 8h | 4.3530 | +1.115% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0111% | 8h | 4.3560 | +1.185% | $81.7M | $145.5M | 200x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3595 | +1.266% | $203K | $37K | 3x | as long as short |
| Binance NEARUSDT | +0.0116% | 8h | 4.3586 | +1.244% | $265.4M | $1.09B | 75x | as long as short |
| BloFin NEAR-USDT | +0.0236% | 8h | 4.3610 | +1.301% | $13.3M | $32.0M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3597 | +1.271% | $2.3M | $16.3M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0312% | 8h | 4.3553 | +1.168% | $994K | $24.7M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0312% / S −0.0201% | 1h | 4.3516 | +1.082% | $233K | — | 100x | as long as short |
| ApeX Omni NEARUSDT | +0.0325% | 1h | 4.3250 | +0.465% | $166K | $795K | 50x | as long as short |
| Aster NEARUSDT | +0.0336% | 8h | 4.3590 | +1.254% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0388% | 1h | 4.3542 | +1.142% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0512% | 1h | 4.3549 | +1.159% | $3.7M | $19.5M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0553% | 1h | 4.3555 | +1.173% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0666% | 1h | 4.3570 | +1.208% | $357.1M | $310.5M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0684% | 1h | 4.3571 | +1.210% | $1.3M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0726% | 1h | 4.3533 | +1.121% | $7.3M | $39.1M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0736% | 1h | 4.3608 | +1.296% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3580 | +1.231% | $226K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3584 | +1.241% | $399K | $1.3M | 10x | as long as short |
| Lighter NEARshort | +0.0920% | 1h | 4.3616 | +1.316% | $17.1M | $25.2M | 15x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0922% | 1h | 4.3584 | +1.240% | $2.0M | $11.7M | 25x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3541 | +1.141% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1120% | 1h | 4.3616 | +1.315% | $1.5M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3569 | +1.206% | $691K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1307% | 1h | 4.3317 | +0.621% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
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
Paradex NEAR-USD-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Aevo NEAR-PERP
Binance NEARUSDT
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
ApeX Omni NEARUSDT
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD