Funding you earn now, next payment 07:00 UTC+0.0940%/8h= +102.9% APRpaid last 24h +0.072%
Price spread now: Lighter RH against Phemex−0.241%7-day average +0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days+0.518%+$52 on $10k
+Price spread, last 4 days (all we have)+0.444%+$44 · spread now −0.241%, 7d avg +0.131%
=Together, before fees+0.962%+ Points / potential airdropLighter RH: Points live · farm board+$96 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.372% cheaper against Phemex than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of +0.131%). If the spread goes back, that is −$37 on $10k: about 32 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.518% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.518% in total (about 27.0% a year). A funding rate is set anew for every payment. 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 | Phemex NEARUSDT | 4.4810 | 0.0100 | pay 0.0100% / 8h | 1h 47m | $3.7M | $8.3M | 50x |
| Short | Lighter RH NEAR | 4.4702 | 0.1040 | get 0.0130% / 1h | 47m 22s | $1.5M | $6.6M | 10x |
Phemex NEARUSDT
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $197.4
- Price spread: −0.241% → +0.131%
- −$37.16
- Slippage, 4 orders
- −$40.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $107.96
- Costs to cover
- 0.523%
- Break-even
- 3.2 days
Slippage from Phemex: live order book, 2 min ago; Lighter RH: live order book, 1 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, 2 min ago | 3.35 bp | 25.0 bp −$25 | 87.1 bp −$871 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 2.01 bp | 4.7 bp −$5 | 12.1 bp −$121 | 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 | 4.4658 | −0.339% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4641 | −0.377% | $110K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4670 | −0.312% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.588% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4670 | −0.312% | $110K | $495K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4720 | −0.201% | $229.9M | $428.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4700 | −0.245% | $62.9M | $299.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4366 | −0.991% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4681 | −0.288% | $34.8M | $60.0M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4680 | −0.290% | $53.3M | $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 | 4.4649 | −0.359% | $74.1M | $126.4M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4568 | −0.541% | $8.9M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4914 | +0.232% | $262K | $966K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4679 | −0.292% | $281K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4725 | −0.190% | $58K | $233K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4880 | +0.156% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4900 | +0.201% | $469K | $3.9M | 75x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.4810 | long leg | $3.7M | $8.3M | 50x | |
| Paradex NEAR-USD-PERP | +0.0107% | 8h | 4.4682 | −0.286% | $32K | $585 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.4855 | +0.100% | $209K | $40K | 3x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0122% | 8h | 4.4641 | −0.376% | $1.5M | $1.5M | 10x | as long as short |
| BingX NEAR-USDC | +0.0165% | 8h | 4.4700 | −0.245% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0181% | 8h | 4.4690 | −0.268% | $85.7M | $145.0M | 200x | as long as short |
| Binance NEARUSDT | +0.0181% | 8h | 4.4722 | −0.196% | $271.5M | $1.09B | 75x | as long as short |
| ApeX Omni NEARUSDT | +0.0253% | 1h | 4.4940 | +0.290% | $169K | $805K | 50x | as long as short |
| SoDEX NEAR-USD | +0.0279% | 1h | 4.4825 | +0.033% | $5K | $52K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0296% | 8h | 4.4950 | +0.312% | $13.7M | $33.2M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0303% | 8h | 4.4855 | +0.100% | $1.1M | $24.9M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0316% / S −0.0201% | 1h | 4.4677 | −0.297% | $239K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0343% | 8h | 4.4739 | −0.158% | $2.9M | $5.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0368% | 1h | 4.4663 | −0.329% | $3.7M | $18.9M | 25x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.5100 | +0.647% | $2.3M | $16.6M | 50x | as long as short |
| Nado NEAR-PERP | +0.0496% | 1h | 4.4815 | +0.011% | $1.8M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0544% | 1h | 4.4684 | −0.281% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0617% | 1h | 4.4832 | +0.049% | $1.3M | $6.5M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0651% | 1h | 4.4808 | −0.005% | $7.4M | $38.3M | 50x | as long as short |
| Hyperliquid NEAR | +0.0688% | 1h | 4.4711 | −0.221% | $367.9M | $308.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0866% | 1h | 4.4855 | +0.100% | $2.0M | $12.3M | 25x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4740 | −0.156% | $227K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0976% | 1h | 4.4760 | −0.112% | $17.6M | $24.7M | 15x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.5001 | +0.426% | $1.9M | $2.5M | 10x | as long as short |
| Lighter RH NEARshort | +0.1040% | 1h | 4.4702 | −0.241% | $1.5M | $6.6M | 10x | |
| Pacifica NEAR | +0.1187% | 1h | 4.4712 | −0.218% | $412K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1206% | 1h | 4.4651 | −0.354% | $6K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4667 | −0.319% | $678K | $1.4M | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
GRVT NEAR_USDT_Perp
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
ApeX Omni NEARUSDT
SoDEX NEAR-USD
BloFin NEAR-USDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Extended NEAR-USD
Coinbase International NEAR-PERP-INTX
Nado NEAR-PERP
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
Arcus NEAR-USD
Lighter NEAR
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC