Funding you earn now, next payment 05:00 UTC+0.0593%/8h= +65.0% APRnext payment +$0.74 per $10,000 · paid last 24h −0.076%
Price spread now: Phoenix against Lighter+0.091%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days−0.093%−$9 · spread now +0.091%, 7d avg +0.036%
=Together, before fees−0.159%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Phoenix is 0.055% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 per $10,000. 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 | 4.2834 | 0.0440 | pay 0.0055% / 1h | 52m 52s | $16.8M | $24.9M | 15x |
| Short | Phoenix NEAR | 4.2873 | 0.1033 | get 0.0129% / 1h | 52m 52s | $1.8M | $2.5M | 10x |
Lighter NEAR
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $124.57
- Price spread: +0.091% → +0.036%
- $5.49
- Slippage, 4 orders
- −$28.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $94.41
- Costs to cover
- 0.356%
- Break-even
- 1.7 days
Slippage from Lighter: live order book, 6 min ago; Phoenix: live order book, 6 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 | 1.65 bp | 5.2 bp −$5 | 22.0 bp −$220 | 94.5 bp −$9,451 | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 0.94 bp | 11.9 bp −$12 | 27.5 bp −$275 | 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 | 4.2744 | −0.209% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2726 | −0.251% | $105K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2736 | −0.228% | $160K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.324% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2710 | −0.289% | $111K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2883 | +0.116% | $261.5M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2850 | +0.038% | $212.4M | $427.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2860 | +0.061% | $60.4M | $286.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2973 | +0.325% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2817 | −0.039% | $31.9M | $59.4M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2890 | +0.131% | $70.7M | $142.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2870 | +0.084% | $53.0M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2824 | −0.023% | $70.8M | $127.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2870 | +0.084% | — | $144.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2828 | −0.015% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2849 | +0.034% | $250K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2790 | −0.102% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2740 | −0.219% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2807 | −0.063% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2790 | −0.102% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2840 | +0.014% | $458K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2790 | −0.102% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2722 | −0.261% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2738 | −0.224% | $199K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2850 | +0.038% | $13.4M | $31.6M | 75x | as long as short |
| Nado NEAR-PERP | +0.0234% | 1h | 4.2699 | −0.314% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2754 | −0.187% | $2.3M | $15.8M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0271% | 8h | 4.2762 | −0.168% | $823K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0195% | 1h | 4.2728 | −0.248% | $229K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0332% | 8h | 4.2880 | +0.108% | $2.8M | $5.5M | 50x | as long as short |
| Lighter NEARlong | +0.0440% | 1h | 4.2834 | long leg | $16.8M | $24.9M | 15x | |
| ApeX Omni NEARUSDT | +0.0512% | 1h | 4.2830 | −0.009% | $165K | $793K | 50x | as long as short |
| Extended NEAR-USD | +0.0520% | 1h | 4.2813 | −0.048% | $3.7M | $19.9M | 25x | as long as short |
| Hyperliquid NEAR | +0.0626% | 1h | 4.2834 | 0.000% | $349.7M | $311.1M | 10x | as long as short |
| SoDEX NEAR-USD | +0.0636% | 1h | 4.2775 | −0.138% | $6K | $53K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0648% | 1h | 4.2767 | −0.156% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0660% | 1h | 4.2813 | −0.049% | $1.3M | $6.8M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0739% | 1h | 4.2772 | −0.144% | $7.5M | $38.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0752% | 1h | 4.2835 | +0.003% | $1.5M | $7.2M | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.2750 | −0.196% | $210K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.2758 | −0.177% | $392K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0966% | 1h | 4.2800 | −0.079% | $1.9M | $10.5M | 25x | as long as short |
| Phoenix NEARshort | +0.1033% | 1h | 4.2873 | +0.091% | $1.8M | $2.5M | 10x | |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2736 | −0.228% | $671K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1476% | 1h | 4.2814 | −0.046% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
ApeX Omni NEARUSDT
Extended NEAR-USD
Hyperliquid NEAR
SoDEX NEAR-USD
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Arcus NEAR-USD
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD