Funding you earn now, next payment 09:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.237%
Price spread now: Lighter against Popdex+0.200%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$260.264% of the position
Funding, last 4 days (all we have)+0.626%+$63 on $10k
+Price spread, last 4 days (all we have)−0.787%−$79 · spread now +0.200%, 7d avg +0.153%
=Together, before fees−0.161%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.048% dearer against Popdex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex NEARUSDT | 4.3710 | 0.0096 | pay 0.0012% / 1h | 31m 19s | $119K | $503K | 50x |
| Short | Lighter NEAR | 4.3798 | 0.0432 | get 0.0054% / 1h | 31m 19s | $17.3M | $23.9M | 15x |
Popdex NEARUSDT
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Popdex. 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
- $70.56
- Price spread: +0.200% → +0.153%
- $4.75
- Slippage, 4 orders
- −$20.03
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $48.88
- Costs to cover
- 0.264%
- Break-even
- 2.2 days
Slippage from Popdex: live order book, 3 min ago; Lighter: live order book, 7 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 Popdex live order book, 3 min ago | 4.59 bp | 11.1 bp −$11 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.56 bp | 2.6 bp −$3 | 9.3 bp −$93 | 68.9 bp −$6,890 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0432% | 1h | 4.3676 | −0.077% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3683 | −0.061% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3703 | −0.017% | $107K | $65K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3689 | −0.048% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.262% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDTlong | +0.0096% | 1h | 4.3710 | long leg | $119K | $503K | 50x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.3701 | −0.020% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3720 | +0.023% | $263.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3695 | −0.034% | $220.0M | $427.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3690 | −0.046% | $61.6M | $294.8M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3750 | +0.092% | $222K | $1.5M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3701 | −0.021% | $36.6M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3700 | −0.023% | $90.4M | $157.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3720 | +0.023% | $52.5M | $45.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3675 | −0.080% | $72.1M | $127.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3708 | −0.005% | $9.0M | $18.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3563 | −0.336% | $253K | $895K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3640 | −0.159% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3550 | −0.366% | $164K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3703 | −0.016% | $273K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3718 | +0.018% | $56K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3800 | +0.206% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3695 | −0.034% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3710 | 0.000% | $3.5M | $8.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3708 | −0.004% | $252K | $3K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3749 | +0.089% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3683 | −0.061% | $3.6M | $15.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3710 | 0.000% | $203K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0112% | 8h | 4.3700 | −0.023% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERP | +0.0142% | 8h | 4.3673 | −0.085% | $865K | $25.4M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0221% | 8h | 4.3610 | −0.229% | $12.6M | $32.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0236% | 1h | 4.3744 | +0.078% | $353.5M | $316.3M | 10x | as long as short |
| Nado NEAR-PERP | +0.0263% | 1h | 4.3730 | +0.046% | $1.7M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.3766 | +0.128% | $13K | $6K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0352% / S −0.0256% | 1h | 4.3628 | −0.187% | $256K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0402% | 8h | 4.3820 | +0.252% | $463K | $3.7M | 75x | as long as short |
| Lighter NEARshort | +0.0432% | 1h | 4.3798 | +0.200% | $17.3M | $23.9M | 15x | |
| Lighter RH NEAR | +0.0472% | 1h | 4.3809 | +0.226% | $1.5M | $6.4M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3757 | +0.108% | $2.3M | $17.2M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0515% | 1h | 4.3782 | +0.165% | $1.1M | $7.1M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3714 | +0.010% | $591K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3750 | +0.092% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3734 | +0.055% | $1.8M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0803% | 1h | 4.3737 | +0.062% | $1.9M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1033% | 1h | 4.3729 | +0.044% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
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
Bulk NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDC
Kalshi KXNEARPERP
BloFin NEAR-USDT
Hyperliquid NEAR
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Lighter RH NEAR
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD