Funding you earn now, next payment 09:00 UTC−0.0469%/8h= −51.4% APRnext payment −$0.59 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter RH against Deribit+0.050%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.050%, 7d avg +0.054%
=Together, before fees−0.152%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.085%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.3720 | 0.0941 | pay 0.0118% / 1h | 32m 15s | $1.9M | $13.1M | 25x |
| Short | Lighter RH NEAR | 4.3742 | 0.0472 | get 0.0059% / 1h | 32m 15s | $1.5M | $6.4M | 10x |
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$98.49
- Price spread: +0.050% → +0.054%
- −$0.4
- Slippage, 4 orders
- −$12.77
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$118.66
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; Lighter RH: live order book, 6 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 | 3.55 bp | 7.1 bp −$7 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 1.94 bp | 3.2 bp −$3 | 8.1 bp −$81 | doesn't fit | 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 | −0.0432% | 1h | 4.3667 | −0.121% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3573 | −0.337% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3636 | −0.193% | $107K | $65K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3639 | −0.185% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.284% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3610 | −0.252% | $119K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3703 | −0.039% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3730 | +0.023% | $263.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3730 | +0.023% | $220.1M | $427.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3730 | +0.023% | $61.6M | $295.2M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3660 | −0.137% | $222K | $1.5M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3612 | −0.247% | $36.5M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3740 | +0.046% | $90.6M | $157.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3700 | −0.046% | $52.5M | $45.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3732 | +0.027% | $72.2M | $127.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3708 | −0.028% | $9.0M | $18.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3689 | −0.070% | $253K | $895K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3640 | −0.182% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3730 | +0.023% | $165K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3595 | −0.286% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3699 | −0.048% | $56K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3750 | +0.069% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3670 | −0.114% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3730 | +0.023% | $3.5M | $8.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3708 | −0.027% | $252K | $3K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3659 | −0.140% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3654 | −0.152% | $3.6M | $15.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3694 | −0.060% | $203K | $40K | 3x | as long as short |
| BingX NEAR-USDT | +0.0112% | 8h | 4.3640 | −0.183% | — | $83.2M | — | as long as short |
| Kalshi KXNEARPERP | +0.0142% | 8h | 4.3673 | −0.108% | $865K | $25.4M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0221% | 8h | 4.3610 | −0.252% | $12.6M | $32.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0234% | 1h | 4.3645 | −0.172% | $352.7M | $316.3M | 10x | as long as short |
| Nado NEAR-PERP | +0.0270% | 1h | 4.3595 | −0.286% | $1.7M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.3657 | −0.144% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0352% / S −0.0256% | 1h | 4.3628 | −0.210% | $256K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0402% | 8h | 4.3820 | +0.229% | $463K | $3.7M | 75x | as long as short |
| Lighter NEAR | +0.0432% | 1h | 4.3764 | +0.099% | $17.3M | $23.9M | 15x | as long as short |
| Lighter RH NEARshort | +0.0472% | 1h | 4.3742 | +0.050% | $1.5M | $6.4M | 10x | |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3649 | −0.162% | $2.3M | $17.1M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0512% | 1h | 4.3660 | −0.137% | $1.1M | $7.1M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3644 | −0.174% | $590K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3667 | −0.121% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3734 | +0.032% | $1.8M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0941% | 1h | 4.3720 | long leg | $1.9M | $13.1M | 25x | |
| Aftermath Perps NEARUSD | +0.1067% | 1h | 4.3695 | −0.058% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Phemex NEARUSDT
Bulk NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDT
Kalshi KXNEARPERP
BloFin NEAR-USDT
Hyperliquid NEAR
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Lighter NEAR
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD