Funding you earn now, next payment 03:00 UTC−0.1172%/8h= −128.3% APRpaid last 24h −0.231%
Price spread now: Gate against Lighter−0.310%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.787%−$79 on $10k
+Price spread, last 7 days+0.184%+$18 · spread now −0.310%, 7d avg −0.173%
=Together, before fees−0.603%+ Points / potential airdropLighter: Season 3 · farm board−$60 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Gate is 0.137% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.173%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.787% in total (about -41.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.4376 | 0.1272 | pay 0.0159% / 1h | 27m 53s | $17.7M | $25.9M | 15x |
| Short | Gate NEAR_USDT | 4.4239 | 0.0100 | get 0.0100% / 8h | 5h 27m | $32.0M | $62.9M | 75x |
Lighter NEAR
Gate NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$246.12
- Price spread: −0.310% → −0.173%
- −$13.68
- Slippage, 4 orders
- −$30.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$304.85
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Gate: live order book, 1 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 Lighter live order book, 6 min ago | 2.95 bp | 6.1 bp −$6 | 15.9 bp −$159 | 68.5 bp −$6,854 | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.16 bp | 18.7 bp −$19 | 26.7 bp −$267 | 44.2 bp −$4,424 | 60.0 bp −$30.0K |
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 | 4.4257 | −0.269% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4291 | −0.193% | $2.2M | $14.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4269 | −0.242% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4345 | −0.071% | $589K | $19.8M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.4295 | −0.184% | $1.9M | $4.4M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4268 | −0.244% | $200K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.685% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4300 | −0.172% | $116K | $490K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4277 | −0.225% | $418K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4286 | −0.204% | $268.9M | $1.08B | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.4260 | −0.263% | $222.4M | $419.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4230 | −0.330% | $63.5M | $293.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4421 | +0.100% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDTshort | +0.0100% | 8h | 4.4239 | −0.310% | $32.0M | $62.9M | 75x | |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4250 | −0.285% | $76.5M | $143.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4270 | −0.240% | $55.5M | $44.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4249 | −0.287% | $72.9M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4270 | −0.240% | — | $145.1M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4186 | −0.429% | $8.7M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4477 | +0.228% | $267K | $989K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4180 | −0.443% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4160 | −0.488% | $172K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4310 | −0.150% | $212K | $3.7M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4257 | −0.269% | $61K | $195K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4310 | −0.150% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4280 | −0.217% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4340 | −0.082% | $461K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4270 | −0.240% | $3.9M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4255 | −0.273% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4256 | −0.273% | $3.8M | $18.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4290 | −0.195% | $206K | $34K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4520 | +0.323% | $13.7M | $31.7M | 75x | as long as short |
| Aster NEARUSDT | +0.0242% | 8h | 4.4329 | −0.108% | $3.0M | $5.4M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0352% / S −0.0245% | 1h | 4.4279 | −0.219% | $261K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0376% | 1h | 4.4292 | −0.190% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0401% | 1h | 4.4275 | −0.229% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4310 | −0.150% | $211K | $1.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0550% | 1h | 4.4349 | −0.062% | $1.4M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0696% | 1h | 4.4280 | −0.218% | $8.2M | $40.9M | 50x | as long as short |
| Hyperliquid NEAR | +0.0696% | 1h | 4.4293 | −0.188% | $368.7M | $309.3M | 10x | as long as short |
| Lighter RH NEAR | +0.0712% | 1h | 4.4377 | +0.001% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.4463 | +0.195% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4321 | −0.125% | $554K | $1.3M | 10x | as long as short |
| Lighter NEARlong | +0.1272% | 1h | 4.4376 | long leg | $17.7M | $25.9M | 15x | |
| Aftermath Perps NEARUSD | +0.1655% | 1h | 4.4295 | −0.183% | $6K | $12K | 10x | as long as short |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
Arcus NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD