Funding you earn now, next payment 00:00 UTC−0.1556%/8h= −170.4% APRpaid last 24h −0.188%
Price spread now: KuCoin against Lighter−0.282%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$500.505% of the position
Funding, last 7 days−0.728%−$73 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.282%, 7d avg −0.145%
=Together, before fees−0.627%+ Points / potential airdropLighter: Season 3 · farm board−$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and KuCoin is 0.137% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.145%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.728% in total (about -38.0% 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 | 4.2861 | 0.1656 | pay 0.0207% / 1h | 17m 29s | $16.5M | $23.9M | 15x |
| Short | KuCoin NEARUSDTM | 4.2740 | 0.0100 | get 0.0100% / 8h | 17m 29s | $55.8M | $43.4M | 75x |
Lighter NEAR
KuCoin NEARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$326.76
- Price spread: −0.282% → −0.145%
- −$13.66
- Slippage, 4 orders
- −$38.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$390.9
- Costs to cover
- 0.505%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; KuCoin: live order book, 7 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, 6 min ago | 2.62 bp | 8.8 bp −$9 | 24.4 bp −$244 | 68.1 bp −$6,808 | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 2.35 bp | 20.0 bp −$20 | 35.2 bp −$352 | 94.2 bp −$9,424 | 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 | −0.352% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2766 | −0.221% | $2.2M | $13.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2734 | −0.297% | $111K | $62K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2739 | −0.284% | $350K | $18.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2772 | −0.207% | $202K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.385% | $578 | $302K | 12x | as long as short |
| Bybit NEARUSDT | +0.0054% | 8h | 4.2701 | −0.373% | $217.7M | $422.4M | 75x | as long as short |
| Variational Omni NEAR | +0.0056% | 8h | 4.2869 | +0.019% | $7.9M | $18.5M | — | as long as short |
| 01 Exchange NEARUSD | +0.0080% | 1h | 4.2722 | −0.324% | $13K | $7K | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2720 | −0.329% | $109K | $496K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2787 | −0.172% | $57K | $194K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2715 | −0.340% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2775 | −0.200% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2758 | −0.239% | $400K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2720 | −0.329% | $252.6M | $1.08B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2710 | −0.352% | $60.7M | $285.8M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2730 | −0.305% | $196K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2950 | +0.208% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2709 | −0.354% | $30.6M | $60.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2740 | −0.282% | $77.7M | $142.2M | 200x | as long as short |
| KuCoin NEARUSDTMshort | +0.0100% | 8h | 4.2740 | −0.282% | $55.8M | $43.4M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2722 | −0.324% | $70.9M | $126.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2720 | −0.329% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2911 | +0.116% | $245K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2797 | −0.150% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2940 | +0.185% | $179K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2748 | −0.263% | $201K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2810 | −0.119% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2769 | −0.214% | $4K | $54K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2780 | −0.189% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2707 | −0.359% | $3.9M | $16.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2765 | −0.224% | $202K | $66K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0118% | 1h | 4.2804 | −0.132% | $7.6M | $37.6M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2810 | −0.119% | $13.0M | $29.4M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0241% | 1h | 4.2802 | −0.137% | $1.9M | $2.5M | 25x | as long as short |
| Lighter RH NEAR | +0.0336% | 1h | 4.2781 | −0.186% | $1.5M | $7.1M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0314% | 1h | 4.2771 | −0.210% | $274K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2745 | −0.270% | $419K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0455% | 1h | 4.2823 | −0.088% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2939 | +0.182% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0676% | 1h | 4.2710 | −0.352% | $1.9M | $3.4M | 10x | as long as short |
| Hyperliquid NEAR | +0.0707% | 1h | 4.2812 | −0.114% | $366.5M | $299.7M | 10x | as long as short |
| HTX NEAR-USDT | +0.0791% | 8h | 4.2870 | +0.021% | $458K | $3.7M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1152% | 1h | 4.2827 | −0.078% | $5K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.1656% | 1h | 4.2861 | long leg | $16.5M | $23.9M | 15x |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
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
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
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