Funding you earn now, next payment 03:00 UTC+0.0696%/8h= +76.2% APRnext payment +$0.87 per $10,000 · paid last 24h +0.274%
Price spread now: Lighter against Coinbase International+0.385%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs+$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.998%+$100 on $10k
+Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.385%, 7d avg +0.201%
=Together, before fees+0.695%+ Points / potential airdropLighter: Season 3 · farm board+$69 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.184% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.201%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International NEAR-PERP-INTX | 4.4509 | −0.0008 | get 0.0001% / 1h | 42m 48s | $2.2M | $15.4M | 50x |
| Short | Lighter NEAR | 4.4680 | 0.0688 | get 0.0086% / 1h | 42m 48s | $18.0M | $26.2M | 15x |
Coinbase International NEAR-PERP-INTX
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $146.16
- Price spread: +0.385% → +0.201%
- $18.4
- Slippage, 4 orders
- −$24.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $129.87
- Costs to cover
- 0.347%
- Break-even
- 0.8 days
Slippage from Coinbase International: live order book, 1 min ago; Lighter: live order book, 11 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 Coinbase International live order book, 1 min ago | 5.49 bp | 13.3 bp −$13 | 20.8 bp −$208 | 510.9 bp −$51.1K | doesn't fit |
| Sell Lighter live order book, 11 min ago | 2.37 bp | 3.6 bp −$4 | 15.7 bp −$157 | 75.1 bp −$7,506 | 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 | 4.4514 | +0.011% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXlong | −0.0008% | 1h | 4.4509 | long leg | $2.2M | $15.4M | 50x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4687 | +0.400% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4690 | +0.407% | $619K | $22.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4528 | +0.044% | $166K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.963% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4540 | +0.070% | $118K | $517K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4673 | +0.368% | $427K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4678 | +0.379% | $273.2M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4693 | +0.413% | $223.8M | $425.1M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4570 | +0.137% | $63.2M | $303.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4550 | +0.092% | $254K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4555 | +0.103% | $32.2M | $63.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4530 | +0.047% | $74.9M | $147.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4540 | +0.070% | $55.3M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4592 | +0.186% | $73.3M | $130.7M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4580 | +0.160% | — | $147.3M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4367 | −0.320% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4481 | −0.064% | $267K | $979K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4375 | −0.302% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4230 | −0.627% | $170K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4554 | +0.101% | $241K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4545 | +0.081% | $57K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4630 | +0.272% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4523 | +0.031% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4740 | +0.519% | $466K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4500 | −0.020% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4598 | +0.199% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4545 | +0.081% | $207K | $40K | 3x | as long as short |
| Hyperliquid NEAR | +0.0184% | 1h | 4.4654 | +0.326% | $368.8M | $327.0M | 10x | as long as short |
| Extended NEAR-USD | +0.0200% | 1h | 4.4507 | −0.005% | $4.0M | $19.6M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0214% | 1h | 4.4507 | −0.004% | $1.4M | $6.6M | 20x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4550 | +0.092% | $14.1M | $33.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.4533 | +0.054% | $13K | $7K | 10x | as long as short |
| Aster NEARUSDT | +0.0303% | 8h | 4.4579 | +0.158% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0339% / S −0.0217% | 1h | 4.4536 | +0.061% | $249K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0456% | 1h | 4.4668 | +0.357% | $1.6M | $7.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0491% | 1h | 4.4556 | +0.106% | $2.0M | $6.8M | 25x | as long as short |
| Nado NEAR-PERP | +0.0511% | 1h | 4.4496 | −0.029% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4680 | +0.384% | $221K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0583% | 1h | 4.4513 | +0.009% | $8.2M | $40.2M | 50x | as long as short |
| Lighter NEARshort | +0.0688% | 1h | 4.4680 | +0.385% | $18.0M | $26.2M | 15x | |
| Phoenix NEAR | +0.0794% | 1h | 4.4521 | +0.027% | $1.8M | $2.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4558 | +0.111% | $563K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1554% | 1h | 4.4629 | +0.270% | $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-USDT
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
Aevo NEAR-PERP
Hyperliquid NEAR
Extended NEAR-USD
Backpack NEAR_USDC_PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD