Funding you earn now, next payment 07:00 UTC−0.0245%/8h= −26.8% APRnext payment −$0.31 per $10,000 · paid last 24h +0.033%
Price spread now: Kraken Futures against Lighter RH−0.172%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.172%, 7d avg −0.106%
=Together, before fees−0.309%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.066% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.4320 | 0.0904 | pay 0.0113% / 1h | 19m 02s | $1.5M | $6.7M | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.4244 | 0.0659 | get 0.0082% / 1h | 19m 02s | $7.3M | $38.2M | 50x |
Lighter RH NEAR
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$51.36
- Price spread: −0.172% → −0.106%
- −$6.57
- Slippage, 4 orders
- −$27.84
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$95.76
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Kraken Futures: live order book, 5 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, 4 min ago | 1.02 bp | 2.0 bp −$2 | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 8.04 bp | 13.6 bp −$14 | 16.1 bp −$161 | 41.6 bp −$4,156 | 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 | 4.4251 | −0.156% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4208 | −0.253% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4100 | −0.497% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.566% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4270 | −0.113% | $112K | $485K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4223 | −0.219% | $224.2M | $429.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4220 | −0.226% | $62.5M | $295.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4150 | −0.384% | $252K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4250 | −0.158% | $35.8M | $61.9M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4280 | −0.090% | $53.6M | $45.9M | 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 | 4.4223 | −0.219% | $72.8M | $127.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4097 | −0.503% | $8.8M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4205 | −0.260% | $258K | $916K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4140 | −0.406% | $166K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4267 | −0.120% | $292K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4257 | −0.142% | $59K | $236K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4290 | −0.068% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4350 | +0.068% | $464K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4260 | −0.135% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0104% | 8h | 4.4195 | −0.281% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0110% | 8h | 4.4181 | −0.313% | $1.5M | $1.5M | 10x | as long as short |
| Extended NEAR-USD | +0.0136% | 1h | 4.4213 | −0.240% | $3.7M | $18.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.4271 | −0.111% | $206K | $38K | 3x | as long as short |
| SoDEX NEAR-USD | +0.0169% | 1h | 4.4265 | −0.124% | $5K | $52K | 10x | as long as short |
| BingX NEAR-USDT | +0.0198% | 8h | 4.4260 | −0.135% | — | $144.1M | — | as long as short |
| MEXC NEAR_USDT | +0.0210% | 8h | 4.4260 | −0.135% | $80.0M | $149.3M | 200x | as long as short |
| Binance NEARUSDT | +0.0210% | 8h | 4.4260 | −0.135% | $269.9M | $1.08B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0243% | 8h | 4.4257 | −0.142% | $1.0M | $24.9M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0297% | 8h | 4.4270 | −0.113% | $2.8M | $4.9M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0199% | 1h | 4.4234 | −0.193% | $235K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0330% | 8h | 4.4320 | 0.000% | $13.6M | $32.7M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4197 | −0.278% | $2.3M | $16.7M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0430% | 1h | 4.4285 | −0.079% | $1.3M | $6.9M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0448% | 1h | 4.4295 | −0.056% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0507% | 1h | 4.4314 | −0.014% | $361.7M | $313.1M | 10x | as long as short |
| Nado NEAR-PERP | +0.0547% | 1h | 4.4263 | −0.128% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0659% | 1h | 4.4244 | −0.172% | $7.3M | $38.2M | 50x | |
| Lighter NEAR | +0.0800% | 1h | 4.4322 | +0.004% | $17.4M | $25.3M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0813% | 1h | 4.4272 | −0.108% | $1.9M | $13.0M | 25x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4280 | −0.090% | $228K | $1.6M | 10x | as long as short |
| Lighter RH NEARlong | +0.0904% | 1h | 4.4320 | long leg | $1.5M | $6.7M | 10x | |
| Phoenix NEAR | +0.1003% | 1h | 4.4318 | −0.005% | $1.8M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4242 | −0.176% | $422K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4290 | −0.067% | $671K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1295% | 1h | 4.4246 | −0.167% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
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
Extended NEAR-USD
Aevo NEAR-PERP
SoDEX NEAR-USD
BingX NEAR-USDT
MEXC NEAR_USDT
Binance NEARUSDT
Kalshi KXNEARPERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Hyperliquid NEAR
Nado NEAR-PERP
Lighter NEAR
Deribit NEAR_USDC-PERPETUAL
Arcus NEAR-USD
Phoenix NEAR
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD