Funding you earn now, next payment 06:00 UTC+0.0836%/8h= +91.5% APRpaid last 24h +0.234%
Price spread now: Lighter against Orderly+0.086%7-day average +0.170% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.842%+$84 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.086%, 7d avg +0.170%
=Together, before fees+0.865%+ Points / potential airdropLighter: Season 3 · farm board+$87 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.084% cheaper against Orderly than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.170%). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.842% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NEAR_USDC | 4.3042 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $56K | $243K | 20x |
| Short | Lighter NEAR | 4.3079 | 0.0936 | get 0.0117% / 1h | 34m 14s | $16.9M | $25.1M | 15x |
Orderly PERP_NEAR_USDC
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $175.56
- Price spread: +0.086% → +0.170%
- −$8.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $161.18
- Costs to cover
- 0.060%
- Break-even
- 0.6 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 5 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 1.07 bp | 2.1 bp −$2 | 17.7 bp −$177 | 73.1 bp −$7,314 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.2968 | −0.171% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2971 | −0.165% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2996 | −0.107% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.792% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3000 | −0.098% | $113K | $500K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3058 | +0.037% | $263.1M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3010 | −0.074% | $213.9M | $420.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2980 | −0.144% | $60.5M | $285.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2850 | −0.446% | $244K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3005 | −0.086% | $32.4M | $59.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3060 | +0.042% | $74.8M | $143.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3010 | −0.074% | $51.9M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2984 | −0.135% | $71.0M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3000 | −0.098% | — | $143.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2998 | −0.101% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2986 | −0.129% | $251K | $949K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2990 | −0.121% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3017 | −0.058% | $263K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.3042 | long leg | $56K | $243K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3110 | +0.158% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3110 | +0.158% | $463K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3030 | −0.028% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2959 | −0.192% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3055 | +0.030% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3140 | +0.228% | $13.3M | $31.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2992 | −0.116% | $2.3M | $15.8M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0266% | 8h | 4.3070 | +0.065% | $870K | $24.5M | 2.2x | as long as short |
| ApeX Omni NEARUSDT | +0.0281% | 1h | 4.2980 | −0.144% | $165K | $794K | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.2964 | −0.180% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0338% | 8h | 4.3030 | −0.028% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0356% | 1h | 4.2963 | −0.184% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0528% | 1h | 4.3003 | −0.091% | $3.7M | $19.8M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0580% | 1h | 4.3015 | −0.063% | $6K | $53K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0656% | 1h | 4.3027 | −0.035% | $1.3M | $6.7M | 20x | as long as short |
| Hyperliquid NEAR | +0.0705% | 1h | 4.3031 | −0.026% | $351.6M | $310.1M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0735% | 1h | 4.3023 | −0.045% | $7.5M | $38.7M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0752% | 1h | 4.3067 | +0.058% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3020 | −0.051% | $216K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.2988 | −0.126% | $394K | $1.3M | 10x | as long as short |
| Lighter NEARshort | +0.0936% | 1h | 4.3079 | +0.086% | $16.9M | $25.1M | 15x | |
| Phoenix NEAR | +0.1033% | 1h | 4.3144 | +0.237% | $1.8M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1099% | 1h | 4.3047 | +0.012% | $2.0M | $11.0M | 25x | as long as short |
| Lighter RH NEAR | +0.1104% | 1h | 4.3084 | +0.098% | $1.5M | $7.3M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3008 | −0.079% | $691K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1377% | 1h | 4.2943 | −0.231% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
ApeX Omni NEARUSDT
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD