Funding you earn now, next payment 06:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.234%
Price spread now: Lighter against GRVT−0.015%7-day average +0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs+$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days+0.791%+$79 on $10k
+Price spread, last 7 days+0.181%+$18 · spread now −0.015%, 7d avg +0.158%
=Together, before fees+0.972%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$97 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.173% cheaper against GRVT than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.158%). If the spread goes back, that is −$17 on $10k: about 17 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.791% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NEAR_USDT_Perp | 4.3591 | 0.0100 | pay 0.0100% / 8h | 2h 13m | $1.4M | $1.5M | 10x |
| Short | Lighter NEAR | 4.3585 | 0.0920 | get 0.0115% / 1h | 13m 16s | $17.1M | $25.2M | 15x |
GRVT NEAR_USDT_Perp
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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: −0.015% → +0.158%
- −$17.29
- Slippage, 4 orders
- −$25.58
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $120.33
- Costs to cover
- 0.346%
- Break-even
- 2.1 days
Slippage from GRVT: live order book, 5 min ago; Lighter: live order book, 5 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 GRVT live order book, 5 min ago | 2.31 bp | 17.6 bp −$18 | 47.6 bp −$476 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 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 | 4.3530 | −0.140% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3575 | −0.038% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3490 | −0.232% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.004% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3600 | +0.020% | $115K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3511 | −0.185% | $217.9M | $420.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3540 | −0.118% | $61.4M | $289.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | −1.242% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3530 | −0.141% | $33.1M | $60.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3550 | −0.095% | $52.5M | $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
Bulk NEAR-USD
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 | 4.3500 | −0.210% | $71.8M | $126.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3478 | −0.261% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3566 | −0.058% | $254K | $967K | 20x | as long as short |
| GRVT NEAR_USDT_Perplong | +0.0100% | 8h | 4.3591 | long leg | $1.4M | $1.5M | 10x | |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3617 | +0.059% | $279K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3542 | −0.113% | $57K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.180% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3700 | +0.249% | $471K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3510 | −0.187% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3547 | −0.102% | $31K | $608 | 10x | as long as short |
| BingX NEAR-USDC | +0.0105% | 8h | 4.3530 | −0.141% | — | $6.6M | — | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3550 | −0.095% | $202K | $37K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0115% | 8h | 4.3550 | −0.095% | $82.1M | $145.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0119% | 8h | 4.3553 | −0.087% | $265.2M | $1.09B | 75x | as long as short |
| BloFin NEAR-USDT | +0.0239% | 8h | 4.3520 | −0.164% | $13.3M | $31.9M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3556 | −0.081% | $2.3M | $16.2M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0312% / S −0.0201% | 1h | 4.3488 | −0.238% | $233K | — | 100x | as long as short |
| Kalshi KXNEARPERP | +0.0312% | 8h | 4.3577 | −0.033% | $994K | $24.7M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0336% | 8h | 4.3540 | −0.118% | $2.8M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0394% | 1h | 4.3540 | −0.119% | $1.7M | $3.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0435% | 1h | 4.3520 | −0.164% | $167K | $795K | 50x | as long as short |
| Extended NEAR-USD | +0.0504% | 1h | 4.3498 | −0.215% | $3.7M | $19.4M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0543% | 1h | 4.3505 | −0.198% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0658% | 1h | 4.3566 | −0.058% | $357.8M | $311.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0690% | 1h | 4.3649 | +0.132% | $1.3M | $6.6M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0693% | 1h | 4.3535 | −0.129% | $1.9M | $11.7M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0727% | 1h | 4.3492 | −0.228% | $7.3M | $39.1M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0736% | 1h | 4.3659 | +0.155% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3610 | +0.043% | $226K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3596 | +0.011% | $399K | $1.3M | 10x | as long as short |
| Lighter NEARshort | +0.0920% | 1h | 4.3585 | −0.015% | $17.1M | $25.2M | 15x | |
| Phoenix NEAR | +0.1033% | 1h | 4.3660 | +0.157% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.3588 | −0.008% | $1.5M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3602 | +0.025% | $691K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1317% | 1h | 4.3417 | −0.401% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
BingX NEAR-USDC
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
GMX NEAR/USD [ETH-USDC]
Kalshi KXNEARPERP
Aster NEARUSDT
Nado NEAR-PERP
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD