Funding you earn now, next payment 23:00 UTC+0.0596%/8h= +65.3% APRnext payment +$0.75 per $10,000 · paid last 24h +0.180%
Price spread now: Lighter against Bulk+0.934%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+$39as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 3 days (all we have)+0.487%+$49 on $10k
+Price spread, last 4 days (all we have)−1.047%−$105 · spread now +0.934%, 7d avg +0.153%
=Together, before fees−0.559%+ Points / potential airdropLighter: Season 3 · farm board−$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.781% dearer against Bulk than usual: you sell high and buy low: +$78 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 | Bulk NEAR-USD | 4.1600 | 0.0100 | pay 0.0013% / 1h | 24m 12s | $237K | $2K | 10x |
| Short | Lighter NEAR | 4.1989 | 0.0696 | get 0.0087% / 1h | 24m 12s | $16.0M | $23.3M | 15x |
Bulk NEAR-USD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bulk. 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
- $125.16
- Price spread: +0.934% → +0.153%
- $78.07
- Slippage, 4 orders
- −$31.65
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $164.58
- Costs to cover
- 0.386%
- Break-even
- from the start
Slippage from Bulk: live order book, 60 min ago; Lighter: live order book, 5 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 Bulk live order book, 60 min ago | 12.09 bp | 15.6 bp −$16 | 15.6 bp −$156 | 15.6 bp −$1,559 | 23.2 bp −$11.6K |
| Sell Lighter live order book, 5 min ago | 1.51 bp | 5.9 bp −$6 | 18.3 bp −$183 | 85.8 bp −$8,585 | 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 | 4.1864 | +0.635% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1895 | +0.709% | $2.1M | $12.7M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.457% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1881 | +0.675% | $109K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1898 | +0.716% | $431K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1894 | +0.707% | $207K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.1921 | +0.772% | $7.7M | $36.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1948 | +0.837% | $1.5M | $7.0M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1880 | +0.673% | $112K | $483K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1868 | +0.644% | $30K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1940 | +0.817% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1884 | +0.684% | $362K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1890 | +0.696% | $240.0M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1860 | +0.625% | $213.6M | $423.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1860 | +0.625% | $57.7M | $276.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1880 | +0.673% | $241K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1889 | +0.695% | $30.0M | $57.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1890 | +0.697% | $83.0M | $142.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1930 | +0.793% | $55.2M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1886 | +0.687% | $69.4M | $125.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1870 | +0.649% | — | $136.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1690 | +0.216% | $7.7M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1652 | +0.126% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1653 | +0.128% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1670 | +0.168% | $174K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1913 | +0.752% | $205K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1885 | +0.685% | $53K | $158K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1950 | +0.841% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1890 | +0.697% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1880 | +0.673% | $3.9M | $8.2M | 50x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.1600 | long leg | $237K | $2K | 10x | |
| Extended NEAR-USD | +0.0104% | 1h | 4.1862 | +0.630% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1885 | +0.685% | $202K | $62K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0112% | 1h | 4.1906 | +0.736% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1800 | +0.481% | $12.4M | $31.3M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0299% | 1h | 4.1931 | +0.796% | $1.9M | $2.2M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1901 | +0.724% | $412K | $1.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0374% | 1h | 4.1947 | +0.834% | $354.0M | $292.1M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0381% / S −0.0327% | 1h | 4.1890 | +0.696% | $282K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0466% | 1h | 4.1933 | +0.800% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0531% | 1h | 4.1849 | +0.599% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1813 | +0.512% | $1.7M | $2.7M | 10x | as long as short |
| Lighter NEARshort | +0.0696% | 1h | 4.1989 | +0.934% | $16.0M | $23.3M | 15x | |
| HTX NEAR-USDT | +0.0960% | 8h | 4.2020 | +1.010% | $450K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.0962% | 1h | 4.1794 | +0.467% | $5K | $11K | 10x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus 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
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD