Funding you earn now, next payment 07:00 UTC−0.0780%/8h= −85.4% APRpaid last 24h −0.243%
Price spread now: Variational Omni against Lighter−0.322%7-day average −0.149% · 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)−0.610%−$61 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.322%, 7d avg −0.149%
=Together, before fees−0.513%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Variational Omni is 0.172% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.4440 | 0.0880 | pay 0.0110% / 1h | 33m 12s | $17.4M | $25.1M | 15x |
| Short | Variational Omni NEAR | 4.4297 | 0.0100 | get 0.0100% / 8h | 1h 33m | $8.9M | $18.6M | — |
Lighter NEAR
Variational Omni NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$163.8
- Price spread: −0.322% → −0.149%
- −$17.25
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$181.05
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 6 min ago | 1.88 bp | 2.7 bp −$3 | 19.1 bp −$191 | 86.6 bp −$8,655 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.84 bp | doesn't fit | 11.0 bp −$110 | 29.9 bp −$2,992 | 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 | 4.4268 | −0.387% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4222 | −0.492% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4367 | −0.164% | $166K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.819% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4270 | −0.383% | $111K | $493K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4384 | −0.126% | $225.1M | $435.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4380 | −0.135% | $62.7M | $298.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5008 | +1.278% | $256K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4378 | −0.140% | $35.6M | $61.3M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4410 | −0.068% | $53.6M | $46.4M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4389 | −0.115% | $73.4M | $127.2M | 75x | as long as short |
| Variational Omni NEARshort | +0.0100% | 8h | 4.4297 | −0.322% | $8.9M | $18.6M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4392 | −0.108% | $259K | $964K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4380 | −0.135% | $167K | $805K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4296 | −0.324% | $300K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4350 | −0.203% | $59K | $236K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4430 | −0.023% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4320 | −0.270% | $465K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4380 | −0.135% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0105% | 8h | 4.4241 | −0.448% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0114% | 8h | 4.4327 | −0.255% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.4365 | −0.169% | $206K | $38K | 3x | as long as short |
| BingX NEAR-USDC | +0.0190% | 8h | 4.4390 | −0.113% | — | $6.6M | — | as long as short |
| SoDEX NEAR-USD | +0.0191% | 1h | 4.4365 | −0.169% | $5K | $53K | 10x | as long as short |
| MEXC NEAR_USDT | +0.0193% | 8h | 4.4410 | −0.068% | $80.9M | $147.5M | 200x | as long as short |
| Binance NEARUSDT | +0.0194% | 8h | 4.4424 | −0.036% | $271.2M | $1.09B | 75x | as long as short |
| Extended NEAR-USD | +0.0224% | 1h | 4.4314 | −0.283% | $3.7M | $18.7M | 25x | as long as short |
| Kalshi KXNEARPERP | +0.0273% | 8h | 4.4294 | −0.329% | $1.1M | $25.2M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0314% | 8h | 4.4410 | −0.068% | $13.7M | $32.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0197% | 1h | 4.4263 | −0.399% | $234K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0319% | 8h | 4.4380 | −0.136% | $2.8M | $5.0M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4400 | −0.090% | $2.3M | $16.7M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0456% | 1h | 4.4313 | −0.286% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0469% | 1h | 4.4422 | −0.041% | $1.4M | $6.8M | 20x | as long as short |
| Hyperliquid NEAR | +0.0494% | 1h | 4.4433 | −0.015% | $363.4M | $312.6M | 10x | as long as short |
| Nado NEAR-PERP | +0.0601% | 1h | 4.4280 | −0.360% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0658% | 1h | 4.4358 | −0.185% | $7.3M | $38.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4300 | −0.315% | $225K | $1.6M | 10x | as long as short |
| Lighter NEARlong | +0.0880% | 1h | 4.4440 | long leg | $17.4M | $25.1M | 15x | |
| Lighter RH NEAR | +0.0920% | 1h | 4.4450 | +0.022% | $1.5M | $6.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0991% | 1h | 4.4370 | −0.158% | $1.9M | $13.1M | 25x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.4771 | +0.744% | $1.8M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4275 | −0.371% | $409K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4292 | −0.333% | $667K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1275% | 1h | 4.4420 | −0.046% | $6K | $12K | 10x | as long as short |
Bitget NEARUSDT
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDC
SoDEX NEAR-USD
MEXC NEAR_USDT
Binance NEARUSDT
Extended NEAR-USD
Kalshi KXNEARPERP
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Arcus NEAR-USD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD