Funding you earn now, next payment 09:00 UTC−0.0590%/8h= −64.6% APRnext payment −$0.74 per $10,000 · paid last 24h +0.141%
Price spread now: Lighter against Deribit+0.091%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.434%+$43 on $10k
+Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.091%, 7d avg +0.083%
=Together, before fees+0.196%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.434%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.5526 | 0.1158 | pay 0.0145% / 1h | 1m 50s | $2.0M | $13.1M | 25x |
| Short | Lighter NEAR | 4.5568 | 0.0568 | get 0.0071% / 1h | 1m 50s | $17.9M | $24.3M | 15x |
Deribit NEAR_USDC-PERPETUAL
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- −$123.9
- Price spread: +0.091% → +0.083%
- $0.83
- Slippage, 4 orders
- −$21.32
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$151.39
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; Lighter: live order book, 7 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 Deribit live order book, 2 min ago | 4.72 bp | 8.2 bp −$8 | 430.1 bp −$4,301 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.00 bp | 3.1 bp −$3 | 11.6 bp −$116 | 74.0 bp −$7,401 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0415% | 1h | 4.5494 | −0.070% | $7.5M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5502 | −0.053% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0062% | 8h | 4.5470 | −0.123% | $3.6M | $7.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5518 | −0.018% | $111K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5468 | −0.128% | $171K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −9.041% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5520 | −0.013% | $119K | $516K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5540 | +0.031% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5530 | +0.009% | $276.3M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5490 | −0.079% | $237.2M | $435.2M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Phemex NEARUSDT
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
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 | 4.5460 | −0.145% | $64.8M | $310.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.5570 | +0.097% | $238K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5050 | −1.046% | $260K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5514 | −0.026% | $39.1M | $64.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5540 | +0.031% | $85.3M | $167.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5550 | +0.053% | $54.0M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5465 | −0.134% | $75.1M | $127.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5500 | −0.057% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5318 | −0.458% | $9.4M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5430 | −0.211% | $268K | $900K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5537 | +0.024% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5480 | −0.101% | $171K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5525 | −0.002% | $283K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5472 | −0.119% | $59K | $254K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5540 | +0.031% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5515 | −0.024% | $5K | $49K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5523 | −0.007% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5485 | −0.090% | $211K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0108% | 8h | 4.5560 | +0.074% | $33K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0128% | 8h | 4.5630 | +0.228% | $913K | $25.5M | 2.2x | as long as short |
| Nado NEAR-PERP | +0.0219% | 1h | 4.5535 | +0.020% | $1.8M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5690 | +0.360% | $12.9M | $33.6M | 75x | as long as short |
| HTX NEAR-USDT | +0.0343% | 8h | 4.5550 | +0.053% | $482K | $3.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.5474 | −0.115% | $267K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.5524 | −0.004% | $13K | $5K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.5569 | +0.094% | $2.4M | $17.9M | 50x | as long as short |
| Hyperliquid NEAR | +0.0497% | 1h | 4.5538 | +0.026% | $370.2M | $320.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0560% | 1h | 4.5560 | +0.075% | $1.6M | $6.6M | 10x | as long as short |
| Lighter NEARshort | +0.0568% | 1h | 4.5568 | +0.091% | $17.9M | $24.3M | 15x | |
| Backpack NEAR_USDC_PERP | +0.0651% | 1h | 4.5529 | +0.007% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.5686 | +0.352% | $649K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.5586 | +0.131% | $430K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5702 | +0.387% | $1.7M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.1158% | 1h | 4.5526 | long leg | $2.0M | $13.1M | 25x | |
| Aftermath Perps NEARUSD | +0.1261% | 1h | 4.5321 | −0.449% | $6K | $7K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
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
Extended NEAR-USD
Aevo NEAR-PERP
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
Nado NEAR-PERP
BloFin NEAR-USDT
HTX NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Coinbase International NEAR-PERP-INTX
Hyperliquid NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD