Funding you earn now, next payment 23:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.180%
Price spread now: Binance against Lighter−0.203%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 7 days−0.721%−$72 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.203%, 7d avg −0.154%
=Together, before fees−0.685%+ Points / potential airdropLighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.154%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.1725 | 0.0552 | pay 0.0069% / 1h | 28m 45s | $15.9M | $23.3M | 15x |
| Short | Binance NEARUSDT | 4.1640 | 0.0100 | get 0.0100% / 8h | 1h 28m | $238.5M | $1.07B | 75x |
Lighter NEAR
Binance NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$94.92
- Price spread: −0.203% → −0.154%
- −$4.94
- Slippage, 4 orders
- −$8.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$118.75
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Binance: live order book, 15 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 Lighter live order book, 5 min ago | 1.22 bp | 1.9 bp −$2 | 14.4 bp −$144 | 67.4 bp −$6,736 | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.20 bp | 7.7 bp −$8 | 11.1 bp −$111 | 24.1 bp −$2,409 | 90.9 bp −$45.5K |
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 | 4.1631 | −0.225% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1657 | −0.163% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.755% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1629 | −0.230% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1669 | −0.134% | $429K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1662 | −0.150% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1682 | −0.103% | $7.6M | $36.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1684 | −0.098% | $1.5M | $7.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0096% | 1h | 4.1707 | −0.043% | $12K | $7K | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1680 | −0.108% | $111K | $482K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
01 Exchange NEARUSD
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1653 | −0.172% | $53K | $158K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1676 | −0.116% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1675 | −0.120% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1696 | −0.068% | $360K | $1.2M | 10x | as long as short |
| Binance NEARUSDTshort | +0.0100% | 8h | 4.1640 | −0.203% | $238.5M | $1.07B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1676 | −0.117% | $212.6M | $423.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1610 | −0.275% | $57.4M | $275.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1680 | −0.108% | $240K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1638 | −0.208% | $29.8M | $57.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1630 | −0.227% | $81.8M | $141.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1660 | −0.156% | $54.9M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1618 | −0.256% | $68.9M | $125.4M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1630 | −0.227% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1650 | −0.180% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1758 | +0.080% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1588 | −0.328% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1730 | +0.012% | $174K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1689 | −0.086% | $204K | $3.2M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1730 | +0.012% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1650 | −0.180% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1660 | −0.156% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1600 | −0.299% | $237K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1609 | −0.277% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1648 | −0.184% | $201K | $62K | 3x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0182% | 1h | 4.1684 | −0.098% | $1.8M | $2.2M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1650 | −0.180% | $12.3M | $31.6M | 75x | as long as short |
| Hyperliquid NEAR | +0.0342% | 1h | 4.1697 | −0.067% | $352.1M | $298.9M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1701 | −0.057% | $410K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0381% / S −0.0328% | 1h | 4.1656 | −0.165% | $281K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0433% | 1h | 4.1698 | −0.064% | $1.2M | $5.7M | 20x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1800 | +0.180% | $1.7M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0545% | 1h | 4.1660 | −0.156% | $1.8M | $3.5M | 10x | as long as short |
| Lighter NEARlong | +0.0552% | 1h | 4.1725 | long leg | $15.9M | $23.3M | 15x | |
| Aftermath Perps NEARUSD | +0.0859% | 1h | 4.1720 | −0.013% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0972% | 8h | 4.1770 | +0.108% | $447K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT