Funding you earn now, next payment 06:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.144%
Price spread now: Arcus against Lighter−0.103%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 4 days (all we have)−0.263%−$26 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now −0.103%, 7d avg −0.127%
=Together, before fees−0.342%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.024% dearer against Lighter than usual: you sell high and buy low (spread −0.103% now, against its 7-day average of −0.127%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.3044 | 0.0936 | pay 0.0117% / 1h | 23m 32s | $16.8M | $25.1M | 15x |
| Short | Arcus NEAR-USD | 4.3000 | 0.0814 | get 0.0102% / 1h | 23m 32s | $222K | $1.6M | 10x |
Lighter NEAR
Arcus NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- −$25.61
- Price spread: −0.103% → −0.127%
- $2.42
- Slippage, 4 orders
- −$17.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$45.38
- Costs to cover
- 0.222%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Arcus: live order book, just now.
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 Lighter live order book, 5 min ago | 4.76 bp | 4.8 bp −$5 | 11.8 bp −$118 | 74.8 bp −$7,477 | doesn't fit |
| Sell Arcus live order book, just now | 3.49 bp | 5.7 bp −$6 | 9.0 bp −$90 | 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 | 4.2995 | −0.114% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2951 | −0.216% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2989 | −0.129% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.797% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3000 | −0.103% | $113K | $498K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3019 | −0.060% | $263.3M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2975 | −0.161% | $214.4M | $420.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3000 | −0.103% | $60.4M | $285.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2997 | −0.109% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2958 | −0.200% | $32.5M | $60.1M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2990 | −0.126% | $77.2M | $144.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3030 | −0.033% | $51.8M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2989 | −0.128% | $71.1M | $127.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2970 | −0.173% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2778 | −0.619% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2867 | −0.411% | $258K | $954K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3020 | −0.057% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3017 | −0.063% | $263K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3065 | +0.048% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3160 | +0.269% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3190 | +0.338% | $465K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3050 | +0.013% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2968 | −0.178% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3085 | +0.095% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3070 | +0.060% | $13.3M | $31.7M | 75x | as long as short |
| ApeX Omni NEARUSDT | +0.0226% | 1h | 4.2860 | −0.428% | $165K | $794K | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3116 | +0.167% | $2.3M | $16.0M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0275% | 8h | 4.3127 | +0.192% | $880K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.3004 | −0.094% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0333% | 8h | 4.2999 | −0.105% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0400% | 1h | 4.3004 | −0.094% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0536% | 1h | 4.2931 | −0.263% | $3.6M | $19.6M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0589% | 1h | 4.3055 | +0.025% | $6K | $52K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0668% | 1h | 4.3076 | +0.074% | $1.3M | $6.6M | 20x | as long as short |
| Hyperliquid NEAR | +0.0673% | 1h | 4.3033 | −0.026% | $352.5M | $309.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0735% | 1h | 4.3036 | −0.019% | $7.4M | $38.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0744% | 1h | 4.3016 | −0.066% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USDshort | +0.0814% | 1h | 4.3000 | −0.103% | $222K | $1.6M | 10x | |
| Pacifica NEAR | +0.0847% | 1h | 4.3000 | −0.103% | $394K | $1.3M | 10x | as long as short |
| Lighter NEARlong | +0.0936% | 1h | 4.3044 | long leg | $16.8M | $25.1M | 15x | |
| Phoenix NEAR | +0.1033% | 1h | 4.3164 | +0.278% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1136% | 1h | 4.3043 | −0.003% | $1.4M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2988 | −0.131% | $686K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1377% | 1h | 4.3090 | +0.106% | $1.9M | $11.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1386% | 1h | 4.2970 | −0.172% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
ApeX Omni NEARUSDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Pacifica NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD