Funding you earn now, next payment 23:00 UTC−0.0892%/8h= −97.7% APRpaid last 24h −0.180%
Price spread now: Paradex against Lighter−0.825%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Paradex is 0.825% cheaper against Lighter than usual: you would sell low and buy high (−$82 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.2956 | 0.0992 | pay 0.0124% / 1h | 7m 01s | $16.5M | $23.8M | 15x |
| Short | Paradex NEAR-USD-PERP | 4.2602 | 0.0100 | get 0.0100% / 8h | 1h 07m | $31K | $647 | 10x |
Lighter NEAR
Paradex NEAR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$187.35
- Price spread: −0.825% → 0.000%
- −$82.49
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$273.84
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; Paradex: 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 | 2.02 bp | 2.1 bp −$2 | 14.7 bp −$147 | 62.2 bp −$6,215 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 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 | 4.2713 | −0.565% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.2837 | −0.277% | $2.2M | $13.1M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −3.599% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2631 | −0.756% | $111K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2675 | −0.654% | $464K | $18.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2800 | −0.363% | $207K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0047% | 1h | 4.2875 | −0.188% | $7.8M | $36.2M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2730 | −0.526% | $106K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERPshort | +0.0100% | 8h | 4.2602 | −0.825% | $31K | $647 | 10x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.2849 | −0.249% | $3.0M | $5.6M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Popdex NEARUSDT
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.2646 | −0.722% | $397K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2813 | −0.332% | $247.3M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2850 | −0.247% | $220.2M | $420.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2860 | −0.224% | $60.1M | $283.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2630 | −0.759% | $196K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2317 | −1.488% | $241K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2851 | −0.245% | $30.2M | $59.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2840 | −0.270% | $84.2M | $144.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2860 | −0.224% | $56.2M | $43.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2868 | −0.205% | $71.2M | $125.7M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2850 | −0.247% | — | $137.0M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2299 | −1.529% | $7.9M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2295 | −1.540% | $247K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2644 | −0.727% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2620 | −0.782% | $178K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2766 | −0.443% | $232K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2826 | −0.303% | $57K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2830 | −0.294% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2840 | −0.270% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2840 | −0.270% | $3.9M | $8.1M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2821 | −0.315% | $4.0M | $14.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2837 | −0.276% | $206K | $62K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0144% | 1h | 4.2662 | −0.685% | $13K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0160% | 1h | 4.2890 | −0.154% | $1.5M | $7.0M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2850 | −0.247% | $12.6M | $32.6M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.2651 | −0.710% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0390% / S −0.0335% | 1h | 4.2789 | −0.389% | $292K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0403% | 1h | 4.2890 | −0.154% | $1.9M | $2.3M | 25x | as long as short |
| Nado NEAR-PERP | +0.0479% | 1h | 4.2715 | −0.561% | $1.9M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.2682 | −0.638% | $1.8M | $2.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0549% | 1h | 4.2896 | −0.140% | $1.3M | $5.5M | 20x | as long as short |
| Hyperliquid NEAR | +0.0622% | 1h | 4.2954 | −0.005% | $369.9M | $295.9M | 10x | as long as short |
| HTX NEAR-USDT | +0.0928% | 8h | 4.3030 | +0.172% | $463K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.0978% | 1h | 4.2463 | −1.148% | $5K | $11K | 10x | as long as short |
| Lighter NEARlong | +0.0992% | 1h | 4.2956 | long leg | $16.5M | $23.8M | 15x |
Pacifica NEAR
Binance NEARUSDT
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
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
Lighter RH NEAR
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
Phoenix NEAR
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD