Funding you earn now, next payment 21:00 UTC−0.0784%/8h= −85.8% APRnext payment −$0.98 per $10,000 · paid last 24h −0.228%
Price spread now: Coinbase International against Lighter−0.271%7-day average −0.195% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.896%−$90 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.271%, 7d avg −0.195%
=Together, before fees−0.705%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Coinbase International is 0.076% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.195%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.1333 | 0.0760 | pay 0.0095% / 1h | 9m 10s | $15.2M | $23.0M | 15x |
| Short | Coinbase International NEAR-PERP-INTX | 4.1221 | −0.0024 | pay 0.0003% / 1h | 9m 10s | $2.1M | $12.6M | 50x |
Lighter NEAR
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$164.64
- Price spread: −0.271% → −0.195%
- −$7.64
- Slippage, 4 orders
- −$20.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$202.93
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; Coinbase International: live order book, 5 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, 10 min ago | 1.28 bp | 2.3 bp −$2 | 12.6 bp −$126 | 60.4 bp −$6,041 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.58 bp | 12.0 bp −$12 | 17.5 bp −$175 | 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 | 4.1195 | −0.335% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | −0.0024% | 1h | 4.1221 | −0.271% | $2.1M | $12.6M | 50x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1189 | −0.349% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1130 | −0.492% | $396K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1246 | −0.211% | $204K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | +0.186% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1190 | −0.346% | $107K | $490K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1261 | −0.175% | $53K | $157K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1186 | −0.355% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1202 | −0.318% | $2.9M | $5.8M | 50x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.1188 | −0.351% | $347K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1296 | −0.091% | $235.3M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1279 | −0.131% | $210.1M | $428.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1280 | −0.129% | $56.2M | $275.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1150 | −0.443% | $234K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1310 | −0.056% | $29.3M | $58.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1300 | −0.080% | $80.2M | $144.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1260 | −0.177% | $55.7M | $44.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1310 | −0.056% | $68.7M | $127.0M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1300 | −0.080% | — | $136.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1114 | −0.530% | $7.6M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1110 | −0.540% | $234K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1103 | −0.557% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1130 | −0.492% | $181K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1220 | −0.274% | $199K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1240 | −0.225% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1260 | −0.177% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1310 | −0.056% | $3.8M | $8.2M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1257 | −0.185% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1264 | −0.167% | $200K | $61K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1220 | −0.274% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1294 | −0.094% | $7.3M | $36.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0168% | 1h | 4.1210 | −0.298% | $12K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0186% | 1h | 4.1302 | −0.075% | $1.8M | $2.1M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1270 | −0.153% | $12.3M | $33.6M | 75x | as long as short |
| Lighter RH NEAR | +0.0256% | 1h | 4.1321 | −0.030% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0366% | 1h | 4.1166 | −0.404% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0317% | 1h | 4.1233 | −0.243% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1217 | −0.281% | $411K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1233 | −0.242% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0740% | 1h | 4.1365 | +0.077% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEARlong | +0.0760% | 1h | 4.1333 | long leg | $15.2M | $23.0M | 15x | |
| Hyperliquid NEAR | +0.0874% | 1h | 4.1366 | +0.079% | $347.2M | $298.8M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0929% | 1h | 4.1231 | −0.248% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1073% | 8h | 4.1330 | −0.008% | $444K | $3.7M | 75x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT