Funding you earn now, next payment 07:00 UTC+0.0397%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.083%
Price spread now: Phoenix against Lighter RH−0.053%105s7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days+0.282%+$28 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.053%, 7d avg +0.070%
=Together, before fees+0.337%+ Points / potential airdropLighter RH: Points live · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.123% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.070%). If the spread goes back, that is −$12 on $10k: about 25 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.282% in total) that is about 3.1 days. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.3630 | 0.0552 | pay 0.0069% / 1h | 19m 43s | $1.5M | $6.7M | 10x |
| Short | Phoenix NEAR | 4.3607 | 0.0949 | get 0.0119% / 1h | 19m 43s | $1.8M | $2.4M | 10x |
Lighter RH NEAR
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $83.4
- Price spread: −0.053% → +0.070%
- −$12.31
- Slippage, 4 orders
- −$24.94
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $39.16
- Costs to cover
- 0.319%
- Break-even
- 3.7 days
Slippage from Lighter RH: live order book, 4 min ago; Phoenix: 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 | 2.65 bp | 4.3 bp −$4 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 0.92 bp | 11.8 bp −$12 | 30.3 bp −$303 | 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 | 4.3508 | −0.280% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3573 | −0.132% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3549 | −0.187% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3530 | −0.230% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.088% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3600 | −0.069% | $114K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3577 | −0.121% | $220.1M | $428.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3570 | −0.138% | $61.2M | $294.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3601 | −0.068% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3581 | −0.112% | $35.6M | $62.8M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3590 | −0.092% | $52.8M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3577 | −0.121% | $72.1M | $127.7M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3517 | −0.258% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3412 | −0.500% | $252K | $899K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3235 | −0.905% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3430 | −0.458% | $166K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3538 | −0.211% | $278K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3550 | −0.183% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3580 | −0.115% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3548 | −0.188% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3550 | −0.183% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3582 | −0.110% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3562 | −0.155% | $3.6M | $16.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3570 | −0.137% | $203K | $38K | 3x | as long as short |
| HTX NEAR-USDT | +0.0146% | 8h | 4.3660 | +0.069% | $465K | $3.8M | 75x | as long as short |
| Aster NEARUSDT | +0.0154% | 8h | 4.3583 | −0.108% | $2.7M | $4.8M | 50x | as long as short |
| Hyperliquid NEAR | +0.0157% | 1h | 4.3609 | −0.048% | $351.4M | $315.5M | 10x | as long as short |
| Binance NEARUSDT | +0.0172% | 8h | 4.3583 | −0.108% | $264.0M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0174% | 8h | 4.3580 | −0.115% | $88.4M | $152.6M | 200x | as long as short |
| Kalshi KXNEARPERP | +0.0177% | 8h | 4.3545 | −0.195% | $967K | $25.0M | 2.2x | as long as short |
| BingX NEAR-USDT | +0.0180% | 8h | 4.3580 | −0.115% | — | $144.6M | — | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.3629 | −0.002% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0296% | 8h | 4.3520 | −0.252% | $13.4M | $32.1M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0319% / S −0.0207% | 1h | 4.3548 | −0.188% | $235K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0391% | 1h | 4.3525 | −0.241% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0448% | 1h | 4.3599 | −0.071% | $1.0M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3573 | −0.131% | $2.3M | $16.9M | 50x | as long as short |
| Lighter RH NEARlong | +0.0552% | 1h | 4.3630 | long leg | $1.5M | $6.7M | 10x | |
| Lighter NEAR | +0.0560% | 1h | 4.3638 | +0.019% | $17.2M | $25.3M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3610 | −0.046% | $229K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0692% | 1h | 4.3567 | −0.144% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3588 | −0.096% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEARshort | +0.0949% | 1h | 4.3607 | −0.053% | $1.8M | $2.4M | 10x | |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3615 | −0.034% | $606K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1148% | 1h | 4.3385 | −0.562% | $5K | $7K | 10x | as long as short |
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
HTX NEAR-USDT
Aster NEARUSDT
Hyperliquid NEAR
Binance NEARUSDT
MEXC NEAR_USDT
Kalshi KXNEARPERP
BingX NEAR-USDT
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD