Funding you earn now, next payment 09:00 UTC−0.0476%/8h= −52.1% APRnext payment −$0.60 per $10,000 · paid last 24h −0.236%
Price spread now: Bulk against Lighter+0.132%7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 4 days (all we have)−0.622%−$62 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.132%, 7d avg −0.153%
=Together, before fees−0.714%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.284% dearer against Lighter than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.153%): +$28 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.3631 | 0.0576 | pay 0.0072% / 1h | 50m 34s | $17.2M | $23.8M | 15x |
| Short | Bulk NEAR-USD | 4.3688 | 0.0100 | get 0.0013% / 1h | 50m 34s | $252K | $3K | 10x |
Lighter NEAR
Bulk NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$99.96
- Price spread: +0.132% → −0.153%
- $28.4
- Slippage, 4 orders
- −$29.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$107.86
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Bulk: live order book, 48 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, 8 min ago | 1.58 bp | 3.8 bp −$4 | 13.8 bp −$138 | 68.9 bp −$6,886 | doesn't fit |
| Sell Bulk live order book, 48 min ago | 11.56 bp | 15.1 bp −$15 | 15.1 bp −$151 | 34.5 bp −$3,449 | 55.3 bp −$27.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0432% | 1h | 4.3692 | +0.140% | $7.3M | $38.6M | 50x | as long as short |
| Phemex NEARUSDT | −0.0192% | 8h | 4.3680 | +0.113% | $3.5M | $8.2M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3668 | +0.086% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3573 | −0.133% | $107K | $67K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3694 | +0.146% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.089% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3580 | −0.116% | $118K | $503K | 50x | as long as short |
| Hyperliquid NEAR | +0.0100% | 1h | 4.3587 | −0.100% | $351.2M | $316.7M | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3591 | −0.090% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3530 | −0.230% | $219.7M | $428.9M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Phemex NEARUSDT
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Hyperliquid NEAR
Aster NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3520 | −0.253% | $61.5M | $295.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3600 | −0.070% | $228K | $1.5M | 10x | as long as short |
| Bulk NEAR-USDshort | +0.0100% | 1h | 4.3688 | +0.132% | $252K | $3K | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3562 | −0.157% | $36.1M | $61.7M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3580 | −0.116% | $52.8M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3550 | −0.185% | $72.0M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3688 | +0.131% | $9.0M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3651 | +0.047% | $253K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3670 | +0.091% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3660 | +0.068% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3690 | +0.136% | $273K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3727 | +0.221% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3770 | +0.320% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3705 | +0.171% | $5K | $50K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3560 | −0.162% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3544 | −0.198% | $3.6M | $16.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3720 | +0.205% | $203K | $40K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0126% | 8h | 4.3580 | −0.116% | $90.2M | $153.1M | 200x | as long as short |
| Binance NEARUSDT | +0.0126% | 8h | 4.3570 | −0.139% | $262.9M | $1.09B | 75x | as long as short |
| BingX NEAR-USDT | +0.0138% | 8h | 4.3560 | −0.162% | — | $82.9M | — | as long as short |
| Kalshi KXNEARPERP | +0.0155% | 8h | 4.3716 | +0.196% | $931K | $25.1M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0246% | 8h | 4.3710 | +0.182% | $12.5M | $32.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0264% | 1h | 4.3606 | −0.056% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0332% | 1h | 4.3521 | −0.250% | $1.6M | $3.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0346% / S −0.0247% | 1h | 4.3700 | +0.159% | $255K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0376% | 1h | 4.3624 | −0.015% | $1.5M | $6.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0429% | 8h | 4.3820 | +0.434% | $463K | $3.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3687 | +0.129% | $2.3M | $17.0M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0561% | 1h | 4.3694 | +0.146% | $1.1M | $7.2M | 20x | as long as short |
| Lighter NEARlong | +0.0576% | 1h | 4.3631 | long leg | $17.2M | $23.8M | 15x | |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3588 | −0.097% | $591K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3574 | −0.129% | $411K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0711% | 1h | 4.3751 | +0.276% | $1.9M | $13.1M | 25x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3750 | +0.274% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1100% | 1h | 4.3690 | +0.137% | $5K | $7K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
BingX NEAR-USDT
Kalshi KXNEARPERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Aftermath Perps NEARUSD