Funding you earn now, next payment 08:00 UTC+0.0528%/8h= +57.8% APRnext payment +$0.66 per $10,000 · paid last 24h +0.118%
Price spread now: Lighter against Kraken Futures+0.171%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs+$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.617%+$62 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.171%, 7d avg +0.135%
=Together, before fees+0.635%+ Points / potential airdropLighter: Season 3 · farm board+$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.036% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NEARUSD | 4.3683 | 0.0016 | pay 0.0002% / 1h | 16m 29s | $7.2M | $38.4M | 50x |
| Short | Lighter NEAR | 4.3757 | 0.0544 | get 0.0068% / 1h | 16m 29s | $17.2M | $25.4M | 15x |
Kraken Futures PF_NEARUSD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $110.78
- Price spread: +0.171% → +0.135%
- $3.56
- Slippage, 4 orders
- −$24.73
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $79.61
- Costs to cover
- 0.347%
- Break-even
- 2.0 days
Slippage from Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago | 5.96 bp | 11.0 bp −$11 | 12.5 bp −$125 | 38.3 bp −$3,825 | 5635.3 bp −$2.82M |
| Sell Lighter live order book, 7 min ago | 2.88 bp | 2.9 bp −$3 | 16.7 bp −$167 | 68.4 bp −$6,840 | 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 | 4.3658 | −0.056% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3682 | −0.001% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3663 | −0.045% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0016% | 1h | 4.3683 | long leg | $7.2M | $38.4M | 50x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.203% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3690 | +0.017% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3679 | −0.008% | $220.6M | $428.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3670 | −0.029% | $61.3M | $295.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3601 | −0.188% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3694 | +0.026% | $35.8M | $62.8M | 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_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3710 | +0.063% | $52.9M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3658 | −0.056% | $72.1M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3517 | −0.378% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3595 | −0.201% | $253K | $901K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3600 | −0.190% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.212% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3714 | +0.072% | $277K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3718 | +0.081% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3750 | +0.154% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3700 | +0.040% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3690 | +0.017% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3700 | +0.040% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3690 | +0.018% | $3.6M | $16.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3719 | +0.083% | $203K | $38K | 3x | as long as short |
| Aster NEARUSDT | +0.0143% | 8h | 4.3699 | +0.037% | $2.7M | $4.9M | 50x | as long as short |
| HTX NEAR-USDT | +0.0151% | 8h | 4.3830 | +0.337% | $467K | $3.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0152% | 1h | 4.3735 | +0.120% | $352.5M | $316.0M | 10x | as long as short |
| Binance NEARUSDT | +0.0168% | 8h | 4.3700 | +0.040% | $264.3M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0169% | 8h | 4.3710 | +0.063% | $89.2M | $152.9M | 200x | as long as short |
| Kalshi KXNEARPERP | +0.0178% | 8h | 4.3719 | +0.083% | $969K | $25.0M | 2.2x | as long as short |
| BingX NEAR-USDC | +0.0184% | 8h | 4.3700 | +0.040% | — | $6.7M | — | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.3709 | +0.060% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0289% | 8h | 4.3690 | +0.017% | $13.3M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0338% / S −0.0236% | 1h | 4.3667 | −0.037% | $254K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0382% | 1h | 4.3685 | +0.005% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0462% | 1h | 4.3740 | +0.131% | $1.0M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3742 | +0.136% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0528% | 1h | 4.3753 | +0.161% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEARshort | +0.0544% | 1h | 4.3757 | +0.171% | $17.2M | $25.4M | 15x | |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3740 | +0.131% | $230K | $1.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0872% | 1h | 4.3735 | +0.120% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3708 | +0.058% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3607 | −0.173% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3703 | +0.047% | $607K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1124% | 1h | 4.3519 | −0.374% | $5K | $7K | 10x | as long as short |
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
HTX NEAR-USDT
Hyperliquid NEAR
Binance NEARUSDT
MEXC NEAR_USDT
Kalshi KXNEARPERP
BingX NEAR-USDC
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD