NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.144%

Price spread now: Arcus against Lighter−0.162%55s7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.193% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.263%−$26 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.162%, 7d avg −0.127%

Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Arcus is 0.035% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.127%). Swap the legs. The two prices were read 55 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	Lighter NEAR	4.3631	0.0920	pay 0.0115% / 1h	13m 44s	$17.1M	$25.2M	15x
Short	Arcus NEAR-USD	4.3560	0.0814	get 0.0102% / 1h	13m 44s	$225K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$22.25
Price spread: −0.162% → −0.127%: −$3.49
Slippage, 4 orders: −$14.81
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.05
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Arcus: live order book, just now.

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 Lighter live order book, 5 min ago	2.23 bp	2.7 bp −$3	10.2 bp −$102	70.2 bp −$7,020	doesn't fit
Sell Arcus live order book, just now	2.29 bp	4.5 bp −$5	9.6 bp −$96	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	4.3569	−0.142%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3501	−0.297%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3579	−0.118%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.090%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	−0.208%	$115K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3590	−0.093%	$218.3M	$420.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3600	−0.070%	$61.6M	$290.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.331%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3587	−0.100%	$33.1M	$60.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3620	−0.025%	$52.7M	$46.1M	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	4.3586	−0.102%	$71.9M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.350%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3301	−0.755%	$261K	$958K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3442	−0.433%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3572	−0.135%	$275K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3631	+0.001%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3620	−0.025%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3690	+0.136%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3630	−0.002%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3525	−0.242%	$31K	$608	10x	as long as short
BingX NEAR-USDT	+0.0109%	8h	4.3600	−0.070%	—	$143.5M	—	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3657	+0.060%	$203K	$37K	3x	as long as short
MEXC NEAR_USDT	+0.0115%	8h	4.3620	−0.025%	$82.2M	$145.6M	200x	as long as short
Binance NEARUSDT	+0.0116%	8h	4.3638	+0.016%	$265.7M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0236%	8h	4.3610	−0.047%	$13.3M	$32.0M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3666	+0.081%	$2.3M	$16.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3552	−0.181%	$233K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.3558	−0.167%	$994K	$24.7M	2.2x	as long as short
ApeX Omni NEARUSDT	+0.0325%	1h	4.3250	−0.873%	$166K	$795K	50x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3630	−0.002%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.3565	−0.151%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.3573	−0.131%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USD	+0.0550%	1h	4.3625	−0.013%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0659%	1h	4.3639	+0.019%	$358.4M	$311.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0690%	1h	4.3649	+0.042%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0725%	1h	4.3603	−0.064%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3567	−0.146%	$13K	$7K	10x	as long as short
Arcus NEAR-USDshort	+0.0814%	1h	4.3560	−0.162%	$225K	$1.6M	10x
Pacifica NEAR	+0.0847%	1h	4.3550	−0.184%	$399K	$1.3M	10x	as long as short
Lighter NEARlong	+0.0920%	1h	4.3631	long leg	$17.1M	$25.2M	15x
Phoenix NEAR	+0.1033%	1h	4.3541	−0.206%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1104%	1h	4.3630	−0.002%	$1.9M	$11.7M	25x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3691	+0.138%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3545	−0.197%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1298%	1h	4.3363	−0.613%	$5K	$12K	10x	as long as short