Funding you earn now, next payment 00:00 UTC−0.1756%/8h= −192.3% APRnext payment −$2.19 per $10,000 · paid last 24h −0.183%
Price spread now: Pacifica against Lighter−0.158%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.662%−$66 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.158%, 7d avg −0.138%
=Together, before fees−0.665%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$67 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Pacifica is 0.020% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.662% in total (about -34.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 per $10,000. 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 | 4.2744 | 0.1856 | pay 0.0232% / 1h | 43m 51s | $16.4M | $23.7M | 15x |
| Short | Pacifica NEAR | 4.2677 | 0.0100 | get 0.0013% / 1h | 43m 51s | $402K | $1.2M | 10x |
Lighter NEAR
Pacifica NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$368.76
- Price spread: −0.158% → −0.138%
- −$2.02
- Slippage, 4 orders
- −$39.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$418.74
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Pacifica: 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 Lighter live order book, 5 min ago | 2.84 bp | 3.3 bp −$3 | 27.6 bp −$276 | 90.6 bp −$9,058 | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 5.48 bp | 20.4 bp −$20 | doesn't fit | 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 | 4.2613 | −0.306% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2743 | −0.003% | $2.2M | $13.0M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2649 | −0.221% | $111K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2687 | −0.134% | $407K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2633 | −0.261% | $203K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.121% | $578 | $302K | 12x | as long as short |
| Bybit NEARUSDT | +0.0095% | 8h | 4.2543 | −0.470% | $218.6M | $421.5M | 75x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2650 | −0.220% | $108K | $496K | 50x | as long as short |
| Variational Omni NEAR | +0.0098% | 8h | 4.2670 | −0.174% | $7.8M | $18.0M | — | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2630 | −0.267% | $31K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Bybit NEARUSDT
Popdex NEARUSDT
Variational Omni NEAR
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 | 4.2644 | −0.234% | $3.0M | $5.6M | 50x | as long as short |
| Pacifica NEARshort | +0.0100% | 1h | 4.2677 | −0.158% | $402K | $1.2M | 10x | |
| Binance NEARUSDT | +0.0100% | 8h | 4.2574 | −0.397% | $252.2M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2570 | −0.407% | $60.6M | $284.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2660 | −0.197% | $202K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3000 | +0.599% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2579 | −0.386% | $30.0M | $58.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2640 | −0.244% | $78.8M | $140.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2600 | −0.337% | $55.8M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2563 | −0.424% | $70.7M | $126.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2570 | −0.407% | — | $138.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2986 | +0.567% | $245K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2963 | +0.512% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2710 | −0.080% | $178K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2679 | −0.152% | $209K | $3.4M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2655 | −0.208% | $57K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2690 | −0.127% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2630 | −0.267% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2650 | −0.220% | $3.9M | $8.3M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2554 | −0.446% | $4.0M | $15.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2636 | −0.252% | $205K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0119% | 1h | 4.2648 | −0.224% | $7.4M | $36.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0192% | 1h | 4.2674 | −0.164% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2710 | −0.080% | $13.0M | $30.6M | 75x | as long as short |
| Lighter RH NEAR | +0.0368% | 1h | 4.2700 | −0.103% | $1.5M | $7.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0374% / S −0.0313% | 1h | 4.2639 | −0.246% | $273K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2680 | −0.149% | $412K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0429% | 1h | 4.2682 | −0.145% | $1.3M | $5.5M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0430% | 1h | 4.2678 | −0.155% | $1.9M | $2.3M | 25x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2919 | +0.409% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0808% | 1h | 4.2637 | −0.249% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0870% | 8h | 4.2720 | −0.056% | $456K | $3.6M | 75x | as long as short |
| Hyperliquid NEAR | +0.1108% | 1h | 4.2716 | −0.066% | $368.2M | $298.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1178% | 1h | 4.2868 | +0.289% | $5K | $11K | 10x | as long as short |
| Lighter NEARlong | +0.1856% | 1h | 4.2744 | long leg | $16.4M | $23.7M | 15x |
Aster NEARUSDT
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Hyperliquid NEAR
Aftermath Perps NEARUSD