Funding you earn now, next payment 06:00 UTC+0.0381%/8h= +41.7% APRnext payment +$0.48 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter RH against Kraken Futures+0.452%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days+0.268%+$27 on $10k
+Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.452%, 7d avg +0.114%
=Together, before fees−0.014%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter RH is 0.338% dearer against Kraken Futures than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NEARUSD | 4.3739 | 0.0723 | pay 0.0090% / 1h | 7m 38s | $7.3M | $39.0M | 50x |
| Short | Lighter RH NEAR | 4.3936 | 0.1104 | get 0.0138% / 1h | 7m 38s | $1.5M | $7.4M | 10x |
Kraken Futures PF_NEARUSD
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kraken Futures. 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
- $80
- Price spread: +0.452% → +0.114%
- $33.77
- Slippage, 4 orders
- −$29.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $74.46
- Costs to cover
- 0.393%
- Break-even
- 0.5 days
Slippage from Kraken Futures: live order book, 1 min ago; Lighter RH: live order book, 6 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 Kraken Futures live order book, 1 min ago | 7.54 bp | 18.4 bp −$18 | 22.7 bp −$227 | 55.3 bp −$5,526 | 4917.3 bp −$2.46M |
| Sell Lighter RH live order book, 6 min ago | 2.52 bp | 4.3 bp −$4 | 13.3 bp −$133 | 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 | 4.3759 | +0.046% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3837 | +0.224% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3738 | −0.001% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.324% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4030 | +0.666% | $116K | $497K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4056 | +0.726% | $220.0M | $421.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4070 | +0.758% | $62.3M | $293.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3500 | −0.545% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3884 | +0.333% | $33.4M | $61.0M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3910 | +0.392% | $53.0M | $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 | 4.4020 | +0.644% | $72.1M | $126.7M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3607 | −0.300% | $8.8M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3652 | −0.198% | $255K | $963K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3820 | +0.186% | $281K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3786 | +0.109% | $57K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3850 | +0.255% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3900 | +0.369% | $473K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3720 | −0.042% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3876 | +0.315% | $32K | $608 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0102% | 8h | 4.3673 | −0.149% | $1.4M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3793 | +0.124% | $204K | $37K | 3x | as long as short |
| BingX NEAR-USDT | +0.0130% | 8h | 4.4020 | +0.644% | — | $143.5M | — | as long as short |
| Binance NEARUSDT | +0.0133% | 8h | 4.4057 | +0.728% | $268.1M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0133% | 8h | 4.3910 | +0.392% | $83.5M | $146.3M | 200x | as long as short |
| BloFin NEAR-USDT | +0.0250% | 8h | 4.3850 | +0.255% | $13.3M | $32.3M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3867 | +0.294% | $2.3M | $16.2M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0201% | 1h | 4.3735 | −0.007% | $235K | — | 100x | as long as short |
| Kalshi KXNEARPERP | +0.0317% | 8h | 4.3779 | +0.093% | $1.0M | $24.6M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0338% | 8h | 4.4037 | +0.682% | $2.8M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0404% | 1h | 4.3805 | +0.152% | $1.7M | $3.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0417% | 1h | 4.3640 | −0.225% | $167K | $796K | 50x | as long as short |
| Extended NEAR-USD | +0.0472% | 1h | 4.4012 | +0.626% | $3.7M | $19.3M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0514% | 1h | 4.3745 | +0.015% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0669% | 1h | 4.3929 | +0.436% | $361.2M | $310.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0688% | 1h | 4.3776 | +0.086% | $1.3M | $6.6M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0712% | 1h | 4.4076 | +0.772% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0723% | 1h | 4.3739 | long leg | $7.3M | $39.0M | 50x | |
| Arcus NEAR-USD | +0.0814% | 1h | 4.4070 | +0.758% | $228K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0825% | 1h | 4.3787 | +0.111% | $2.0M | $11.9M | 25x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3888 | +0.341% | $402K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0912% | 1h | 4.3935 | +0.450% | $17.2M | $25.2M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3931 | +0.440% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEARshort | +0.1104% | 1h | 4.3936 | +0.452% | $1.5M | $7.4M | 10x | |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.4061 | +0.736% | $686K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1287% | 1h | 4.3636 | −0.235% | $5K | $12K | 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-USDT
Binance NEARUSDT
MEXC NEAR_USDT
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
GMX NEAR/USD [ETH-USDC]
Kalshi KXNEARPERP
Aster NEARUSDT
Nado NEAR-PERP
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD