Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.227%
Price spread now: Lighter against Phemex+0.054%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.890%+$89 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.054%, 7d avg +0.160%
=Together, before fees+0.855%+ Points / potential airdropLighter: Season 3 · farm board+$85 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.106% cheaper against Phemex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.160%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NEARUSDT | 4.4940 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $3.4M | $8.2M | 50x |
| Short | Lighter NEAR | 4.4964 | 0.0096 | get 0.0012% / 1h | 8m 17s | $17.0M | $25.1M | 15x |
Phemex NEARUSDT
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- −$0.84
- Price spread: +0.054% → +0.160%
- −$10.59
- Slippage, 4 orders
- −$29.13
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.55
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Phemex: 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 Phemex live order book, 4 min ago | 4.45 bp | 18.1 bp −$18 | 59.3 bp −$593 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.13 bp | 2.1 bp −$2 | 15.8 bp −$158 | 56.1 bp −$5,608 | doesn't fit |
NEAR on 45 exchanges
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 | −0.0235% | 1h | 4.4912 | −0.063% | $7.3M | $37.0M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4923 | −0.038% | $2K | — | 20x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4909 | −0.069% | $905K | $26.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4933 | −0.016% | $168K | — | 150x | as long as short |
| dYdX NEAR-USD | +0.0023% | 1h | 4.4898 | −0.094% | $110K | $53K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.855% | $578 | $301K | 12x | as long as short |
| 01 Exchange NEARUSD | +0.0080% | 1h | 4.4921 | −0.042% | $13K | $4K | 10x | as long as short |
| Lighter NEARshort | +0.0096% | 1h | 4.4964 | +0.054% | $17.0M | $25.1M | 15x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4920 | −0.045% | $124K | $505K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4942 | +0.004% | $2.7M | $4.8M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
dYdX NEAR-USD
Injective NEAR/USDC PERP
01 Exchange NEARUSD
Popdex NEARUSDT
Aster NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4950 | +0.022% | $271.0M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4926 | −0.031% | $230.6M | $430.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4940 | 0.000% | $64.1M | $301.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4606 | −0.743% | $275K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4927 | −0.029% | $40.8M | $63.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4940 | 0.000% | $71.6M | $171.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4950 | +0.022% | $54.9M | $44.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4891 | −0.109% | $74.8M | $127.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4920 | −0.045% | — | $74.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4714 | −0.504% | $8.7M | $16.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4743 | −0.439% | $265K | $861K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4740 | −0.444% | $1.5M | $1.8M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4700 | −0.534% | $167K | $809K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4946 | +0.013% | $193K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4968 | +0.062% | $56K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5020 | +0.178% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4945 | +0.011% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5000 | +0.134% | $472K | $3.7M | 75x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.4940 | long leg | $3.4M | $8.2M | 50x | |
| Hyperliquid NEAR | +0.0100% | 1h | 4.4974 | +0.076% | $361.3M | $311.7M | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4947 | +0.016% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4941 | +0.001% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4953 | +0.029% | $209K | $38K | 3x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.4745 | −0.435% | $241K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4930 | −0.022% | $12.7M | $32.6M | 75x | as long as short |
| Lighter RH NEAR | +0.0240% | 1h | 4.4982 | +0.093% | $1.5M | $6.0M | 10x | as long as short |
| Nado NEAR-PERP | +0.0260% | 1h | 4.4930 | −0.022% | $1.8M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4950 | +0.022% | $227K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4956 | +0.035% | $647K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.5006 | +0.147% | $2.3M | $17.6M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0555% | 1h | 4.4944 | +0.009% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.4807 | −0.296% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4936 | −0.009% | $424K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0919% | 1h | 4.4815 | −0.278% | $6K | $6K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0974% | 1h | 4.5006 | +0.147% | $1.9M | $13.0M | 25x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
HTX NEAR-USDT
Hyperliquid NEAR
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL