Funding you earn now, next payment 02:00 UTC+0.1704%/8h= +186.6% APRpaid last 24h +0.248%
Price spread now: Lighter against Kalshi+0.040%7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs+$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.345% of the position
Funding, last 7 days+0.945%+$95 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.040%, 7d avg +0.151%
=Together, before fees+0.945%+ Points / potential airdropLighter: Season 3 · farm board+$95 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.111% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.151%). If the spread goes back, that is −$11 on $10k: about 5 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.945% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.945% in total (about 49.3% a year). A funding rate is set anew for every payment. 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 | Kalshi KXNEARPERP | 4.4698 | 0 | get 0.0000% / 8h | 2h 19m | $690K | $19.8M | 2.2x |
| Short | Lighter NEAR | 4.4716 | 0.1704 | get 0.0213% / 1h | 19m 25s | $17.9M | $25.5M | 15x |
Kalshi KXNEARPERP
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kalshi. 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
- $357.84
- Price spread: +0.040% → +0.151%
- −$11.14
- Slippage, 4 orders
- −$24.5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $312.2
- Costs to cover
- 0.345%
- Break-even
- 0.9 days
Slippage from Kalshi: live order book, 4 min ago; Lighter: 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 Kalshi live order book, 4 min ago | 6.24 bp | 11.2 bp −$11 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.09 bp | 6.4 bp −$6 | 29.4 bp −$294 | 102.6 bp −$10.3K | doesn't fit |
NEAR on 44 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 | 4.4517 | −0.404% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0118% | 8h | 4.4520 | −0.398% | $3.9M | $8.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4609 | −0.199% | $2.2M | $14.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4532 | −0.372% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERPlong | 0.0000% | 8h | 4.4698 | long leg | $690K | $19.8M | 2.2x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4490 | −0.466% | $197K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.356% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0080% | 8h | 4.4757 | +0.131% | $8.6M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4550 | −0.331% | $112K | $492K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4570 | −0.287% | $419K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Phemex NEARUSDT
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEARShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4540 | −0.353% | $270.1M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4466 | −0.519% | $225.5M | $422.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4530 | −0.376% | $63.6M | $293.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4590 | −0.242% | $212K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −1.450% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4494 | −0.456% | $32.3M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4520 | −0.398% | $76.9M | $142.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4570 | −0.286% | $54.8M | $43.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4529 | −0.378% | $73.4M | $125.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4490 | −0.465% | — | $143.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4700 | +0.006% | $282K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4339 | −0.803% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4720 | +0.049% | $184K | $765K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4576 | −0.273% | $207K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4464 | −0.524% | $61K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.175% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4535 | −0.365% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.175% | $463K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4523 | −0.392% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4504 | −0.434% | $3.9M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4565 | −0.298% | $207K | $34K | 3x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0154% | 1h | 4.4553 | −0.324% | $1.9M | $4.2M | 25x | as long as short |
| Aster NEARUSDT | +0.0192% | 8h | 4.4610 | −0.197% | $3.1M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0212% | 1h | 4.4551 | −0.328% | $8.1M | $40.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0355% / S −0.0249% | 1h | 4.4634 | −0.144% | $265K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.4529 | −0.378% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0424% | 1h | 4.4622 | −0.170% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4591 | −0.239% | $567K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4597 | −0.226% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0840% | 1h | 4.4672 | −0.058% | $1.7M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0918% | 1h | 4.4599 | −0.221% | $377.0M | $308.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0963% | 1h | 4.4658 | −0.089% | $1.4M | $6.3M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1566% | 1h | 4.4416 | −0.630% | $6K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1704% | 1h | 4.4716 | +0.040% | $17.9M | $25.5M | 15x |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD