Funding you earn now, next payment 01:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.049%
Price spread now: Lighter RH against GRVT+0.771%79s7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 7 days−0.811%−$81 · spread now +0.771%, 7d avg +0.123%
=Together, before fees−0.392%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter RH is 0.648% dearer against GRVT than usual: you sell high and buy low: +$65 more if the spread goes back to its 7-day average of +0.123%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NEAR_USDT_Perp | 4.2819 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $1.4M | $1.3M | 10x |
| Short | Lighter RH NEAR | 4.3149 | 0.0328 | get 0.0041% / 1h | 54m 05s | $1.6M | $6.8M | 10x |
GRVT NEAR_USDT_Perp
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $47.88
- Price spread: +0.771% → +0.123%
- $64.81
- Slippage, 4 orders
- −$23.23
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $80.46
- Costs to cover
- 0.322%
- Break-even
- from the start
Slippage from GRVT: live order book, 4 min ago; Lighter RH: 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 GRVT live order book, 4 min ago | 2.34 bp | 11.9 bp −$12 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.98 bp | 5.0 bp −$5 | 8.9 bp −$89 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.1723% | 8h | 4.3100 | +0.657% | $3.9M | $8.5M | 50x | as long as short |
| Bybit NEARUSDT | −0.0197% | 8h | 4.3060 | +0.564% | $219.2M | $419.1M | 75x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.2966 | +0.345% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0130% | 1h | 4.3121 | +0.705% | $7.6M | $37.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3091 | +0.636% | $2.3M | $13.1M | 50x | as long as short |
| 01 Exchange NEARUSD | −0.0016% | 1h | 4.2991 | +0.402% | $13K | $7K | 10x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2984 | +0.385% | $111K | $62K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3084 | +0.620% | $377K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3023 | +0.476% | $204K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0019% | 8h | 4.2869 | +0.118% | $7.9M | $18.5M | — | as long as short |
Phemex NEARUSDT
Bybit NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.290% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2980 | +0.377% | $111K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3090 | +0.634% | $57K | $194K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2971 | +0.355% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3052 | +0.544% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2983 | +0.384% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3108 | +0.677% | $255.7M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3090 | +0.634% | $60.7M | $282.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2990 | +0.400% | $197K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2646 | −0.403% | $243K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3100 | +0.657% | $31.1M | $58.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3100 | +0.657% | $79.7M | $138.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3110 | +0.680% | $56.3M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3102 | +0.662% | $71.5M | $125.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3080 | +0.610% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2790 | −0.068% | $244K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perplong | +0.0100% | 8h | 4.2819 | long leg | $1.4M | $1.3M | 10x | |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2780 | −0.090% | $179K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2989 | +0.398% | $193K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3150 | +0.774% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3090 | +0.634% | $4K | $53K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3063 | +0.572% | $3.9M | $16.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3089 | +0.632% | $201K | $28K | 3x | as long as short |
| HTX NEAR-USDT | +0.0154% | 8h | 4.3170 | +0.821% | $459K | $3.6M | 75x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2820 | +0.003% | $13.0M | $29.3M | 75x | as long as short |
| Lighter RH NEARshort | +0.0328% | 1h | 4.3149 | +0.771% | $1.6M | $6.8M | 10x | |
| Hyperliquid NEAR | +0.0350% | 1h | 4.3155 | +0.785% | $368.1M | $299.8M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0313% | 1h | 4.3018 | +0.466% | $275K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3007 | +0.441% | $418K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2848 | +0.068% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0463% | 1h | 4.2941 | +0.285% | $1.9M | $3.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0473% | 1h | 4.3164 | +0.806% | $1.4M | $5.6M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0678% | 1h | 4.3139 | +0.748% | $1.9M | $2.9M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1169% | 1h | 4.2861 | +0.099% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1712% | 1h | 4.3218 | +0.933% | $17.3M | $23.7M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
HTX NEAR-USDT
BloFin NEAR-USDT
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD
Lighter NEAR