Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.157%
Price spread now: Lighter against Arcus+0.055%7-day average +0.127% · 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−$29as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 4 days (all we have)+0.263%+$26 on $10k
+Price spread, last 7 days+0.128%+$13 · spread now +0.055%, 7d avg +0.127%
=Together, before fees+0.390%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.073% cheaper against Arcus than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.127%). If the spread goes back, that is −$7 on $10k: about 4.3 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.263% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NEAR-USD | 4.4520 | 0.0880 | pay 0.0110% / 1h | 51m 43s | $226K | $1.6M | 10x |
| Short | Lighter NEAR | 4.4544 | 0.0936 | get 0.0117% / 1h | 51m 43s | $17.4M | $24.6M | 15x |
Arcus NEAR-USD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- $11.8
- Price spread: +0.055% → +0.127%
- −$7.25
- Slippage, 4 orders
- −$17.17
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.13
- Costs to cover
- 0.217%
- Break-even
- 17.2 days
Slippage from Arcus: live order book, 2 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 Arcus live order book, 2 min ago | 2.25 bp | 6.7 bp −$7 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.18 bp | 4.7 bp −$5 | 16.4 bp −$164 | 74.3 bp −$7,432 | 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 | 4.4378 | −0.318% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4467 | −0.118% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4379 | −0.316% | $167K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.986% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4330 | −0.427% | $114K | $494K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4500 | −0.045% | $227.3M | $424.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4480 | −0.090% | $62.5M | $296.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4366 | −0.346% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4394 | −0.283% | $34.5M | $59.8M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4520 | 0.000% | $53.7M | $45.8M | 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 | 4.4480 | −0.090% | $73.7M | $126.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4407 | −0.253% | $8.9M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4434 | −0.193% | $260K | $963K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4418 | −0.229% | $278K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4401 | −0.267% | $58K | $233K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4420 | −0.225% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4480 | −0.090% | $462K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4360 | −0.359% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.4489 | −0.069% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0120% | 8h | 4.4450 | −0.157% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.4395 | −0.281% | $206K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0154% | 8h | 4.4500 | −0.045% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0167% | 8h | 4.4500 | −0.045% | $85.2M | $144.1M | 200x | as long as short |
| Binance NEARUSDT | +0.0170% | 8h | 4.4510 | −0.022% | $269.6M | $1.08B | 75x | as long as short |
| SoDEX NEAR-USD | +0.0237% | 1h | 4.4355 | −0.371% | $5K | $52K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0285% | 8h | 4.4500 | −0.045% | $13.5M | $32.8M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0305% | 8h | 4.4414 | −0.238% | $1.1M | $24.9M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0201% | 1h | 4.4381 | −0.312% | $238K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0341% | 8h | 4.4470 | −0.112% | $2.9M | $5.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0376% | 1h | 4.4403 | −0.263% | $3.7M | $19.0M | 25x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4441 | −0.177% | $2.3M | $16.3M | 50x | as long as short |
| ApeX Omni NEARUSDT | +0.0440% | 1h | 4.4430 | −0.202% | $168K | $803K | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0496% | 1h | 4.4369 | −0.339% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0569% | 1h | 4.4384 | −0.305% | $1.3M | $6.5M | 20x | as long as short |
| Nado NEAR-PERP | +0.0575% | 1h | 4.4380 | −0.314% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0658% | 1h | 4.4348 | −0.387% | $7.4M | $38.7M | 50x | as long as short |
| Hyperliquid NEAR | +0.0680% | 1h | 4.4474 | −0.103% | $365.9M | $306.6M | 10x | as long as short |
| Arcus NEAR-USDlong | +0.0880% | 1h | 4.4520 | long leg | $226K | $1.6M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0900% | 1h | 4.4412 | −0.243% | $1.9M | $12.2M | 25x | as long as short |
| Lighter NEARshort | +0.0936% | 1h | 4.4544 | +0.055% | $17.4M | $24.6M | 15x | |
| Phoenix NEAR | +0.1003% | 1h | 4.4489 | −0.070% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1032% | 1h | 4.4557 | +0.083% | $1.5M | $6.6M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4495 | −0.056% | $409K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1193% | 1h | 4.4376 | −0.323% | $6K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4354 | −0.373% | $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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
SoDEX NEAR-USD
BloFin NEAR-USDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Extended NEAR-USD
Coinbase International NEAR-PERP-INTX
ApeX Omni NEARUSDT
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter RH NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC