Funding you earn now, next payment 03:00 UTC+0.1108%/8h= +121.3% APRpaid last 24h +0.231%
Price spread now: Lighter against OKX+0.087%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs+$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days+0.768%+$77 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now +0.087%, 7d avg +0.187%
=Together, before fees+0.845%+ Points / potential airdropLighter: Season 3 · farm board+$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.100% cheaper against OKX than usual: you would sell low and buy high (spread +0.087% now, against its 7-day average of +0.187%). If the spread goes back, that is −$10 on $10k: about 7 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.768% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.768% in total (about 40.0% 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 | OKX NEAR-USDT-SWAP | 4.3690 | 0.0100 | pay 0.0100% / 8h | 5h 48m | $62.3M | $288.6M | 50x |
| Short | Lighter NEAR | 4.3728 | 0.1208 | get 0.0151% / 1h | 48m 29s | $17.5M | $25.6M | 15x |
OKX NEAR-USDT-SWAP
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $232.68
- Price spread: +0.087% → +0.187%
- −$10
- Slippage, 4 orders
- −$16.7
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $195.98
- Costs to cover
- 0.267%
- Break-even
- 1.1 days
Slippage from OKX: live order book, 6 min ago; Lighter: live order book, 10 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 OKX live order book, 6 min ago | 1.14 bp | 10.7 bp −$11 | 17.9 bp −$179 | 37.8 bp −$3,783 | doesn't fit |
| Sell Lighter live order book, 10 min ago | 2.24 bp | 2.6 bp −$3 | 17.8 bp −$178 | 75.3 bp −$7,527 | 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 | 4.3707 | +0.039% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3541 | −0.341% | $2.2M | $14.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3708 | +0.041% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3580 | −0.252% | $548K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3546 | −0.331% | $197K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.219% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3770 | +0.183% | $115K | $484K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3705 | +0.034% | $413K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3765 | +0.171% | $265.7M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3705 | +0.034% | $220.9M | $416.7M | 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
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAPlong | +0.0100% | 8h | 4.3690 | long leg | $62.3M | $288.6M | 50x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | −0.076% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3746 | +0.128% | $31.5M | $61.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3740 | +0.114% | $75.4M | $139.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3810 | +0.275% | $54.7M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3715 | +0.057% | $71.8M | $126.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3750 | +0.137% | — | $144.1M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3926 | +0.541% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3800 | +0.253% | $268K | $994K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3910 | +0.504% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3790 | +0.229% | $195K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3744 | +0.124% | $206K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3559 | −0.300% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3710 | +0.046% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3565 | −0.286% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3640 | −0.114% | $456K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3610 | −0.183% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3732 | +0.097% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3726 | +0.082% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3575 | −0.263% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0193% | 8h | 4.3693 | +0.008% | $3.0M | $5.5M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0232% | 1h | 4.3575 | −0.263% | $1.9M | $4.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.3550 | −0.319% | $255K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0385% | 1h | 4.3725 | +0.080% | $1.9M | $3.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.3790 | +0.229% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3810 | +0.275% | $209K | $1.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0658% | 1h | 4.3688 | −0.005% | $1.4M | $6.4M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0707% | 1h | 4.3586 | −0.238% | $8.1M | $41.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0760% | 1h | 4.3715 | +0.057% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0763% | 1h | 4.3720 | +0.069% | $368.2M | $304.6M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3944 | +0.581% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3789 | +0.228% | $552K | $1.3M | 10x | as long as short |
| Lighter NEARshort | +0.1208% | 1h | 4.3728 | +0.087% | $17.5M | $25.6M | 15x | |
| Aftermath Perps NEARUSD | +0.1703% | 1h | 4.3758 | +0.157% | $6K | $12K | 10x | as long as short |
Bulk NEAR-USD
Gate NEAR_USDT
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
Aster NEARUSDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD