Funding you earn now, next payment 00:00 UTC−0.1656%/8h= −181.3% APRpaid last 24h −0.218%
Price spread now: Kalshi against Lighter−0.321%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days−0.903%−$90 on $10k
+Price spread, last 7 days+0.262%+$26 · spread now −0.321%, 7d avg −0.148%
=Together, before fees−0.641%+ Points / potential airdropLighter: Season 3 · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Kalshi is 0.172% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.148%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.903% in total (about -47.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.2901 | 0.1656 | pay 0.0207% / 1h | 17m 12s | $16.5M | $23.9M | 15x |
| Short | Kalshi KXNEARPERP | 4.2763 | 0 | get 0.0000% / 8h | 4h 17m | $347K | $18.8M | 2.2x |
Lighter NEAR
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$347.76
- Price spread: −0.321% → −0.148%
- −$17.23
- Slippage, 4 orders
- −$25.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$400.68
- Costs to cover
- 0.357%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Kalshi: 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 | 2.62 bp | 8.8 bp −$9 | 24.4 bp −$244 | 68.1 bp −$6,808 | doesn't fit |
| Sell Kalshi live order book, 2 min ago | 7.13 bp | 12.1 bp −$12 | 20.6 bp −$206 | 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 | 4.2710 | −0.444% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2728 | −0.402% | $2.2M | $13.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2734 | −0.389% | $111K | $62K | 10x | as long as short |
| Kalshi KXNEARPERPshort | 0.0000% | 8h | 4.2763 | −0.321% | $347K | $18.8M | 2.2x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2762 | −0.322% | $202K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.475% | $578 | $302K | 12x | as long as short |
| Bybit NEARUSDT | +0.0054% | 8h | 4.2790 | −0.258% | $218.2M | $422.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0056% | 8h | 4.2869 | −0.073% | $7.9M | $18.5M | — | as long as short |
| 01 Exchange NEARUSD | +0.0080% | 1h | 4.2722 | −0.416% | $13K | $7K | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2720 | −0.421% | $109K | $496K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Bybit NEARUSDT
Variational Omni NEAR
01 Exchange NEARUSD
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2715 | −0.432% | $31K | $647 | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2770 | −0.304% | $57K | $194K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2768 | −0.308% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2758 | −0.332% | $400K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2800 | −0.234% | $253.1M | $1.08B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2790 | −0.258% | $60.8M | $286.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2730 | −0.398% | $196K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2950 | +0.115% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2816 | −0.197% | $30.7M | $60.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2790 | −0.258% | $77.8M | $142.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2790 | −0.258% | $55.8M | $43.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2830 | −0.165% | $71.1M | $126.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2830 | −0.165% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2911 | +0.023% | $245K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2797 | −0.242% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2940 | +0.092% | $179K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2748 | −0.356% | $201K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2790 | −0.258% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2765 | −0.316% | $4K | $54K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2770 | −0.304% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2752 | −0.346% | $3.9M | $16.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2749 | −0.353% | $202K | $66K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0118% | 1h | 4.2812 | −0.206% | $7.6M | $37.6M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0218% | 1h | 4.2777 | −0.288% | $1.9M | $2.5M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2800 | −0.234% | $13.0M | $29.4M | 75x | as long as short |
| Lighter RH NEAR | +0.0328% | 1h | 4.2844 | −0.132% | $1.5M | $7.1M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0314% | 1h | 4.2764 | −0.317% | $274K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2745 | −0.362% | $419K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0455% | 1h | 4.2852 | −0.113% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2892 | −0.020% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0676% | 1h | 4.2710 | −0.444% | $1.9M | $3.4M | 10x | as long as short |
| Hyperliquid NEAR | +0.0702% | 1h | 4.2886 | −0.034% | $367.1M | $299.8M | 10x | as long as short |
| HTX NEAR-USDT | +0.0788% | 8h | 4.2860 | −0.095% | $458K | $3.7M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1150% | 1h | 4.2812 | −0.206% | $5K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.1656% | 1h | 4.2901 | long leg | $16.5M | $23.9M | 15x |
Paradex NEAR-USD-PERP
Orderly PERP_NEAR_USDC
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Hyperliquid NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD