Funding you earn now, next payment 00:00 UTC+0.1360%/8h= +148.9% APRnext payment +$1.70 per $10,000 · paid last 24h +0.159%
Price spread now: Lighter against Lighter RH+0.121%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.121%, 7d avg +0.028%
=Together, before fees+0.284%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Lighter is 0.093% dearer against Lighter RH than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.294% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.70 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 | 4.2965 | 0.0328 | pay 0.0041% / 1h | 20m 00s | $1.5M | $7.0M | 10x |
| Short | Lighter NEAR | 4.3017 | 0.1688 | get 0.0211% / 1h | 20m 00s | $16.5M | $23.9M | 15x |
Lighter RH NEAR
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $285.6
- Price spread: +0.121% → +0.028%
- $9.28
- Slippage, 4 orders
- −$21.27
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $273.61
- Costs to cover
- 0.213%
- Break-even
- 0.3 days
Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 4 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 | 2.92 bp | 3.2 bp −$3 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.62 bp | 2.6 bp −$3 | 11.3 bp −$113 | 79.8 bp −$7,977 | 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 | 4.2892 | −0.170% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2899 | −0.154% | $2.3M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2924 | −0.096% | $111K | $62K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2917 | −0.112% | $334K | $18.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2922 | −0.100% | $202K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.619% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0056% | 8h | 4.2869 | −0.223% | $7.9M | $18.5M | — | as long as short |
| Bybit NEARUSDT | +0.0057% | 8h | 4.2900 | −0.151% | $218.9M | $422.4M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0080% | 1h | 4.2926 | −0.091% | $13K | $7K | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2890 | −0.175% | $109K | $496K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Bybit NEARUSDT
01 Exchange NEARUSD
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2935 | −0.070% | $57K | $194K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2896 | −0.160% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2965 | −0.001% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2928 | −0.086% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2920 | −0.105% | $253.8M | $1.08B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2920 | −0.105% | $61.0M | $287.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2910 | −0.128% | $197K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2551 | −0.964% | $242K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2895 | −0.163% | $30.8M | $60.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2910 | −0.128% | $78.5M | $142.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2930 | −0.081% | $55.8M | $43.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2935 | −0.070% | $71.3M | $126.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2900 | −0.151% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2658 | −0.715% | $243K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2722 | −0.566% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2690 | −0.640% | $178K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2921 | −0.102% | $191K | $3.4M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2940 | −0.058% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2891 | −0.172% | $4K | $54K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2910 | −0.128% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2882 | −0.194% | $3.9M | $16.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2897 | −0.158% | $202K | $66K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0118% | 1h | 4.2933 | −0.074% | $7.7M | $37.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2880 | −0.198% | $13.0M | $29.4M | 75x | as long as short |
| Lighter RH NEARlong | +0.0328% | 1h | 4.2965 | long leg | $1.5M | $7.0M | 10x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0314% | 1h | 4.2923 | −0.097% | $275K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0402% | 1h | 4.2959 | −0.014% | $1.9M | $2.5M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2911 | −0.125% | $418K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0460% | 1h | 4.2956 | −0.021% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2601 | −0.847% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0684% | 1h | 4.2869 | −0.223% | $1.9M | $3.4M | 10x | as long as short |
| Hyperliquid NEAR | +0.0724% | 1h | 4.2977 | +0.028% | $369.3M | $298.8M | 10x | as long as short |
| HTX NEAR-USDT | +0.0799% | 8h | 4.3010 | +0.105% | $462K | $3.7M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1150% | 1h | 4.2768 | −0.458% | $5K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1688% | 1h | 4.3017 | +0.121% | $16.5M | $23.9M | 15x |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Hyperliquid NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD