NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0372%/8h= −40.7% APRnext payment −$0.47 per $10,000 · paid last 24h −0.135%

Price spread now: Kraken Futures against Lighter−0.111%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.616%−$62 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.111%, 7d avg −0.141%

Together, before fees−0.469%+ Points / potential airdropLighter: Season 3 · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.030% dearer against Lighter than usual: you sell high and buy low (spread −0.111% now, against its 7-day average of −0.141%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.4218	0.0960	pay 0.0120% / 1h	15m 22s	$17.8M	$26.5M	15x
Short	Kraken Futures PF_NEARUSD	4.4169	0.0588	get 0.0073% / 1h	15m 22s	$8.1M	$39.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$78.13
Price spread: −0.111% → −0.141%: $3
Slippage, 4 orders: −$31.58
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$116.71
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Kraken Futures: live order book, 4 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, 3 min ago	2.24 bp	6.4 bp −$6	13.7 bp −$137	63.2 bp −$6,323	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.61 bp	16.6 bp −$17	18.7 bp −$187	51.8 bp −$5,175	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	4.4012	−0.467%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4152	−0.150%	$2.3M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4104	−0.258%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4196	−0.050%	$610K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.158%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.351%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4110	−0.245%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4133	−0.193%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4200	−0.041%	$271.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4130	−0.200%	$222.1M	$424.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4100	−0.268%	$62.9M	$299.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.272%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4173	−0.102%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4070	−0.335%	$74.6M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4060	−0.358%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4028	−0.430%	$72.3M	$130.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4180	−0.087%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.183%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4270	+0.117%	$266K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	+0.094%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	−0.019%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4112	−0.240%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4154	−0.145%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	+0.253%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4260	+0.094%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4190	−0.064%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4116	−0.231%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4123	−0.216%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0166%	1h	4.4150	−0.154%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4290	+0.162%	$13.8M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.4176	−0.096%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4191	−0.062%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0327%	1h	4.4171	−0.107%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4164	−0.123%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0355%	1h	4.4149	−0.157%	$364.2M	$324.8M	10x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4093	−0.283%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4061	−0.355%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	−0.087%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0588%	1h	4.4169	−0.111%	$8.1M	$39.6M	50x
Deribit NEAR_USDC-PERPETUAL	+0.0634%	1h	4.4168	−0.114%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.4171	−0.107%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.235%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4178	−0.091%	$594K	$1.4M	10x	as long as short
Lighter NEARlong	+0.0960%	1h	4.4218	long leg	$17.8M	$26.5M	15x
Aftermath Perps NEARUSD	+0.1574%	1h	4.4184	−0.078%	$5K	$12K	10x	as long as short