Funding you earn now, next payment 02:00 UTC−0.1596%/8h= −174.8% APRpaid last 24h −0.218%
Price spread now: Orderly against Lighter−0.299%7-day average −0.169% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.786%−$79 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.299%, 7d avg −0.169%
=Together, before fees−0.694%+ Points / potential airdropLighter: Season 3 · farm board−$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Orderly is 0.130% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.169%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.786% in total (about -41.0% 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 | 4.3620 | 0.1696 | pay 0.0212% / 1h | 1m 41s | $17.4M | $25.8M | 15x |
| Short | Orderly PERP_NEAR_USDC | 4.3489 | 0.0100 | get 0.0100% / 8h | 6h 01m | $60K | $190K | 20x |
Lighter NEAR
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$335.16
- Price spread: −0.299% → −0.169%
- −$13.03
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$354.19
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 2.19 bp | 5.6 bp −$6 | 16.9 bp −$169 | 77.3 bp −$7,726 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NEAR on 44 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 | 4.3479 | −0.323% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3508 | −0.256% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3501 | −0.271% | $107K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3525 | −0.217% | $559K | $19.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3470 | −0.343% | $196K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.065% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3510 | −0.251% | $114K | $487K | 50x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3557 | −0.142% | $8.4M | $18.4M | — | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3526 | −0.215% | $408K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3541 | −0.180% | $264.0M | $1.08B | 75x | 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
Popdex NEARUSDT
Variational Omni NEAR
Pacifica NEAR
Binance NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.3510 | −0.251% | $218.9M | $416.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3500 | −0.274% | $61.9M | $287.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3550 | −0.159% | $207K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3555 | −0.148% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3516 | −0.237% | $31.4M | $63.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3500 | −0.274% | $75.6M | $145.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3530 | −0.205% | $53.8M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3525 | −0.217% | $71.5M | $126.0M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3530 | −0.205% | — | $143.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3594 | −0.058% | $269K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3541 | −0.181% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3780 | +0.368% | $199K | $774K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3546 | −0.169% | $206K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0100% | 8h | 4.3489 | −0.299% | $60K | $190K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3580 | −0.091% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3474 | −0.334% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3630 | +0.024% | $455K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3480 | −0.320% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3483 | −0.313% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3489 | −0.300% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3489 | −0.298% | $202K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0177% | 8h | 4.3495 | −0.285% | $3.0M | $5.6M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0218% | 1h | 4.3487 | −0.305% | $7.7M | $40.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.3484 | −0.311% | $254K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0394% | 1h | 4.3497 | −0.281% | $1.9M | $4.3M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3554 | −0.150% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0426% | 1h | 4.3522 | −0.222% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3551 | −0.158% | $548K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3816 | +0.450% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0784% | 1h | 4.3581 | −0.088% | $1.6M | $7.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0810% | 1h | 4.3479 | −0.322% | $1.5M | $6.3M | 20x | as long as short |
| Hyperliquid NEAR | +0.0861% | 1h | 4.3566 | −0.123% | $366.7M | $306.1M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1642% | 1h | 4.3675 | +0.126% | $5K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.1696% | 1h | 4.3620 | long leg | $17.4M | $25.8M | 15x |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Aftermath Perps NEARUSD