Funding you earn now, next payment 09:00 UTC+0.0307%/8h= +33.6% APRnext payment +$0.38 per $10,000 · paid last 24h +0.009%
Price spread now: Deribit against Lighter RH−0.014%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.014%, 7d avg −0.054%
=Together, before fees+0.116%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.041% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.085%, 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 -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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 RH NEAR | 4.3851 | 0.0448 | pay 0.0056% / 1h | 27m 23s | $1.5M | $6.5M | 10x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.3845 | 0.0755 | get 0.0094% / 1h | 27m 23s | $1.9M | $13.1M | 25x |
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter RH. 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
- $64.47
- Price spread: −0.014% → −0.054%
- $4.06
- Slippage, 4 orders
- −$18.63
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $42.9
- Costs to cover
- 0.256%
- Break-even
- 2.3 days
Slippage from Lighter RH: live order book, 1 min ago; Deribit: live order book, 2 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 RH live order book, 1 min ago | 4.10 bp | 5.4 bp −$5 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 4.00 bp | 7.5 bp −$7 | 14.1 bp −$141 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0431% | 1h | 4.3794 | −0.131% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3745 | −0.243% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3787 | −0.146% | $107K | $65K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3779 | −0.163% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.567% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3740 | −0.253% | $120K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3820 | −0.071% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3810 | −0.093% | $264.3M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3795 | −0.128% | $220.7M | $427.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3780 | −0.162% | $61.8M | $295.1M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3770 | −0.185% | $222K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.230% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3789 | −0.141% | $36.7M | $62.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3780 | −0.162% | $90.7M | $157.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3820 | −0.071% | $52.6M | $45.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3785 | −0.151% | $72.3M | $127.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3688 | −0.372% | $9.0M | $18.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3715 | −0.311% | $253K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3710 | −0.322% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3730 | −0.276% | $165K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3750 | −0.230% | $273K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3815 | −0.082% | $56K | $238K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3880 | +0.066% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3880 | +0.066% | $5K | $49K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3900 | +0.112% | $3.5M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3749 | −0.232% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3778 | −0.166% | $3.6M | $15.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3822 | −0.065% | $204K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0107% | 8h | 4.3810 | −0.093% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERP | +0.0140% | 8h | 4.3751 | −0.228% | $868K | $25.4M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3790 | −0.139% | $12.7M | $32.4M | 75x | as long as short |
| Hyperliquid NEAR | +0.0256% | 1h | 4.3807 | −0.100% | $354.0M | $316.4M | 10x | as long as short |
| Nado NEAR-PERP | +0.0258% | 1h | 4.3780 | −0.162% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.3768 | −0.189% | $13K | $6K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0354% / S −0.0232% | 1h | 4.3799 | −0.120% | $270K | — | 100x | as long as short |
| Lighter NEAR | +0.0416% | 1h | 4.3867 | +0.036% | $17.3M | $23.9M | 15x | as long as short |
| HTX NEAR-USDT | +0.0435% | 8h | 4.4010 | +0.363% | $465K | $3.7M | 75x | as long as short |
| Lighter RH NEARlong | +0.0448% | 1h | 4.3851 | long leg | $1.5M | $6.5M | 10x | |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3889 | +0.087% | $2.3M | $17.2M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0521% | 1h | 4.3919 | +0.155% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3707 | −0.327% | $590K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3826 | −0.056% | $413K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3857 | +0.014% | $1.8M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0755% | 1h | 4.3845 | −0.014% | $1.9M | $13.1M | 25x | |
| Aftermath Perps NEARUSD | +0.1049% | 1h | 4.3758 | −0.213% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDC
Kalshi KXNEARPERP
BloFin NEAR-USDT
Hyperliquid NEAR
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Lighter NEAR
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD