NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0354%/8h= +38.8% APRnext payment +$0.44 per $10,000 · paid last 24h −0.156%

Price spread now: Deribit against Lighter−0.050%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.434%−$43 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.050%, 7d avg −0.106%

Together, before fees−0.379%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.055% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.106%. Mind the row above: over the last 7 days funding on this pair cost −0.434%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.2933	0.0656	pay 0.0082% / 1h	52m 06s	$16.8M	$25.0M	15x
Short	Deribit NEAR_USDC-PERPETUAL	4.2911	0.1010	get 0.0126% / 1h	52m 06s	$1.9M	$10.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.050%Rate

Funding earned: $74.34
Price spread: −0.050% → −0.106%: $5.54
Slippage, 4 orders: −$18.34
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $54.54
Costs to cover: 0.253%
Break-even: 1.9 days

Slippage from Lighter: live order book, 7 min ago; Deribit: live order book, 2 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, 7 min ago	1.65 bp	5.2 bp −$5	22.0 bp −$220	94.5 bp −$9,451	doesn't fit
Sell Deribit live order book, 2 min ago	2.92 bp	7.5 bp −$8	14.8 bp −$148	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	4.2824	−0.253%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2825	−0.251%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2823	−0.256%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.546%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2860	−0.169%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2910	−0.053%	$261.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2860	−0.169%	$212.6M	$426.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2870	−0.146%	$60.5M	$286.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	−0.226%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2870	−0.146%	$32.0M	$59.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2930	−0.006%	$70.8M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2900	−0.076%	$53.1M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2849	−0.195%	$70.9M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2880	−0.123%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.245%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	−0.195%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.332%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2866	−0.155%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2893	−0.092%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.017%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	−0.053%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	−0.099%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2858	−0.173%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2871	−0.144%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.192%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0228%	1h	4.2850	−0.192%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2865	−0.157%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2855	−0.181%	$828K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2802	−0.303%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.2890	−0.099%	$2.8M	$5.5M	50x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.2863	−0.161%	$3.7M	$19.9M	25x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	−0.239%	$165K	$793K	50x	as long as short
SoDEX NEAR-USD	+0.0631%	1h	4.2875	−0.134%	$6K	$53K	10x	as long as short
Lighter NEARlong	+0.0656%	1h	4.2933	long leg	$16.8M	$25.0M	15x
Hyperliquid NEAR	+0.0658%	1h	4.2929	−0.008%	$350.5M	$311.1M	10x	as long as short
01 Exchange NEARUSD	+0.0664%	1h	4.2937	+0.010%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.2907	−0.060%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2876	−0.132%	$7.6M	$38.8M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2910	−0.053%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2891	−0.097%	$394K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.0864%	1h	4.2932	−0.001%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1010%	1h	4.2911	−0.050%	$1.9M	$10.6M	25x
Phoenix NEAR	+0.1033%	1h	4.2873	−0.139%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2895	−0.087%	$676K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1468%	1h	4.2880	−0.123%	$5K	$12K	10x	as long as short