Funding you earn now, next payment 02:00 UTC+0.0968%/8h= +106.0% APRnext payment +$1.21 per $10,000 · paid last 24h +0.182%
Price spread now: Lighter against Lighter RH+0.059%7-day average +0.028% · 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−$17as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now +0.059%, 7d avg +0.028%
=Together, before fees+0.391%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Lighter is 0.031% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.328% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 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 RH NEAR | 4.3650 | 0.0792 | pay 0.0099% / 1h | 13m 49s | $1.6M | $7.0M | 10x |
| Short | Lighter NEAR | 4.3676 | 0.1760 | get 0.0220% / 1h | 13m 49s | $17.5M | $25.7M | 15x |
Lighter RH NEAR
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Lighter RH. 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
- $203.28
- Price spread: +0.059% → +0.028%
- $3.11
- Slippage, 4 orders
- −$20.07
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $186.33
- Costs to cover
- 0.201%
- Break-even
- 0.6 days
Slippage from Lighter RH: live order book, 5 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 Lighter RH live order book, 5 min ago | 1.24 bp | 4.5 bp −$4 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 3.08 bp | 7.5 bp −$8 | 22.9 bp −$229 | 76.4 bp −$7,636 | doesn't fit |
NEAR on 44 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 | 4.3587 | −0.143% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3582 | −0.156% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3707 | +0.131% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3732 | +0.188% | $568K | $20.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3620 | −0.070% | $193K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.132% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0088% | 8h | 4.3887 | +0.543% | $8.5M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3660 | +0.023% | $112K | $495K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3718 | +0.157% | $411K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3683 | +0.077% | $265.2M | $1.08B | 75x | 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
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.3764 | +0.261% | $221.4M | $419.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3670 | +0.046% | $61.9M | $290.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3680 | +0.069% | $208K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3850 | +0.458% | $250K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3557 | −0.213% | $31.4M | $62.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3690 | +0.092% | $74.8M | $143.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3570 | −0.183% | $53.4M | $43.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3549 | −0.231% | $71.5M | $126.5M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3580 | −0.160% | — | $143.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4564 | +2.093% | $281K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4520 | +1.993% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4540 | +2.039% | $183K | $765K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3625 | −0.057% | $211K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3663 | +0.030% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3680 | +0.069% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3630 | −0.046% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3700 | +0.115% | $453K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3580 | −0.160% | $3.8M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3699 | +0.112% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3679 | +0.067% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3633 | −0.039% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0174% | 8h | 4.3573 | −0.176% | $3.0M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0217% | 1h | 4.3629 | −0.048% | $8.0M | $40.8M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0254% | 1h | 4.3678 | +0.064% | $1.9M | $4.2M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0346% / S −0.0242% | 1h | 4.3605 | −0.103% | $254K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0412% | 1h | 4.3556 | −0.215% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.3668 | +0.041% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3679 | +0.068% | $551K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4150 | +1.145% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEARlong | +0.0792% | 1h | 4.3650 | long leg | $1.6M | $7.0M | 10x | |
| Hyperliquid NEAR | +0.0891% | 1h | 4.3614 | −0.082% | $367.4M | $309.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0900% | 1h | 4.3621 | −0.066% | $1.5M | $6.3M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1666% | 1h | 4.4044 | +0.903% | $6K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1760% | 1h | 4.3676 | +0.059% | $17.5M | $25.7M | 15x |
Bybit 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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD