NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0334%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h −0.033%

Price spread now: Lighter RH against Kraken Futures−0.218%7-day average +0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Kraken Futures Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)+0.429%+$43 · spread now −0.218%, 7d avg +0.106%

Together, before fees+0.699%+ Points / potential airdropLighter RH: Points live · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.324% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of +0.106%). If the spread goes back, that is −$32 on $10k: about 3.2 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.270% in total) that is about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.4891	0.0650	pay 0.0081% / 1h	40m 43s	$7.4M	$38.3M	50x
Short	Lighter RH NEAR	4.4793	0.0984	get 0.0123% / 1h	40m 43s	$1.5M	$6.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Lighter RHbpOrdersPrice spread, now −0.218%Rate

Funding earned: $70.15
Price spread: −0.218% → +0.106%: −$32.44
Slippage, 4 orders: −$23.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $3.96
Costs to cover: 0.337%
Break-even: 6.6 days

Slippage from Kraken Futures: live order book, 3 min ago; Lighter RH: live order book, 3 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	8.15 bp	13.4 bp −$13	14.9 bp −$149	48.5 bp −$4,851	5846.0 bp −$2.92M
Sell Lighter RH live order book, 3 min ago	1.67 bp	1.7 bp −$2	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
Reya NEARRUSDPERP	−0.0171%	1h	4.4988	+0.216%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	−0.551%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4911	+0.044%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.754%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5030	+0.310%	$112K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4643	−0.553%	$229.7M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4610	−0.626%	$63.4M	$299.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.261%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4720	−0.381%	$35.0M	$60.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4750	−0.314%	$53.1M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4710	−0.403%	$74.0M	$127.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+0.080%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	−0.249%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	−0.336%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5034	+0.318%	$284K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4952	+0.136%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4990	+0.220%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4870	−0.047%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4750	−0.314%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4931	+0.088%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	−0.083%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4955	+0.142%	$209K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.4740	−0.336%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0187%	8h	4.4760	−0.292%	$84.9M	$146.0M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4726	−0.369%	$272.3M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0194%	1h	4.4915	+0.053%	$5K	$53K	10x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4833	−0.129%	$1.1M	$25.0M	2.2x	as long as short
Extended NEAR-USD	+0.0304%	1h	4.4698	−0.429%	$3.7M	$18.8M	25x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4790	−0.225%	$13.6M	$33.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0336% / S −0.0229%	1h	4.4916	+0.057%	$258K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.4723	−0.374%	$2.9M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4871	−0.045%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0480%	1h	4.5025	+0.298%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.5020	+0.287%	$1.8M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0567%	1h	4.4765	−0.281%	$368.8M	$311.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0575%	1h	4.4772	−0.265%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0650%	1h	4.4891	long leg	$7.4M	$38.3M	50x
Arcus NEAR-USD	+0.0880%	1h	4.5040	+0.332%	$229K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0908%	1h	4.4955	+0.142%	$2.0M	$12.3M	25x	as long as short
Lighter RH NEARshort	+0.0984%	1h	4.4793	−0.218%	$1.5M	$6.7M	10x
Phoenix NEAR	+0.1003%	1h	4.5134	+0.541%	$1.9M	$2.5M	10x	as long as short
Lighter NEAR	+0.1008%	1h	4.4760	−0.291%	$17.5M	$24.8M	15x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4718	−0.386%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1241%	1h	4.4809	−0.182%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.5021	+0.290%	$675K	$1.4M	10x	as long as short