Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.144%
Price spread now: Lighter against Arcus−0.075%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−$36as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 4 days (all we have)+0.263%+$26 on $10k
+Price spread, last 7 days+0.257%+$26 · spread now −0.075%, 7d avg +0.127%
=Together, before fees+0.520%+ Points / potential airdropLighter: Season 3 · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.202% cheaper against Arcus than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.127%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.263%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NEAR-USD | 4.2850 | 0.0814 | pay 0.0102% / 1h | 47m 53s | $210K | $1.6M | 10x |
| Short | Lighter NEAR | 4.2818 | 0.0792 | get 0.0099% / 1h | 47m 53s | $16.8M | $25.0M | 15x |
Arcus NEAR-USD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$4.63
- Price spread: −0.075% → +0.127%
- −$20.22
- Slippage, 4 orders
- −$11.73
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$41.09
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 6 min ago; Lighter: live order book, 6 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 Arcus live order book, 6 min ago | 3.51 bp | 6.9 bp −$7 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.27 bp | 2.3 bp −$2 | 10.1 bp −$101 | 59.2 bp −$5,919 | 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 | 4.2758 | −0.215% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2763 | −0.204% | $105K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2740 | −0.257% | $160K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.361% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2800 | −0.117% | $111K | $500K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2772 | −0.181% | $260.8M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2733 | −0.273% | $212.3M | $423.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2760 | −0.210% | $60.3M | $284.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2835 | −0.034% | $244K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2714 | −0.317% | $31.9M | $59.6M | 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 | 4.2770 | −0.187% | $70.3M | $142.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2780 | −0.163% | $52.9M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2726 | −0.289% | $70.7M | $127.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2740 | −0.257% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2828 | −0.052% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2783 | −0.155% | $250K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2882 | +0.076% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2803 | −0.110% | $271K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2791 | −0.138% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2910 | +0.140% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2840 | −0.023% | $459K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2790 | −0.140% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2789 | −0.143% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2800 | −0.117% | $199K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2900 | +0.117% | $13.4M | $31.7M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2768 | −0.191% | $2.3M | $15.8M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0271% | 8h | 4.2802 | −0.112% | $834K | $24.5M | 2.2x | as long as short |
| Nado NEAR-PERP | +0.0301% | 1h | 4.2787 | −0.146% | $1.7M | $3.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0195% | 1h | 4.2731 | −0.278% | $229K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0338% | 8h | 4.2750 | −0.233% | $2.8M | $5.4M | 50x | as long as short |
| ApeX Omni NEARUSDT | +0.0347% | 1h | 4.2880 | +0.070% | $165K | $794K | 50x | as long as short |
| Extended NEAR-USD | +0.0504% | 1h | 4.2717 | −0.310% | $3.7M | $19.9M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0583% | 1h | 4.2755 | −0.222% | $6K | $53K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0657% | 1h | 4.2787 | −0.147% | $1.3M | $6.8M | 20x | as long as short |
| Hyperliquid NEAR | +0.0673% | 1h | 4.2799 | −0.119% | $349.6M | $311.3M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0720% | 1h | 4.2869 | +0.044% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0739% | 1h | 4.2769 | −0.189% | $7.5M | $38.7M | 50x | as long as short |
| Lighter NEARshort | +0.0792% | 1h | 4.2818 | −0.075% | $16.8M | $25.0M | 15x | |
| Arcus NEAR-USDlong | +0.0814% | 1h | 4.2850 | long leg | $210K | $1.6M | 10x | |
| Pacifica NEAR | +0.0847% | 1h | 4.2824 | −0.061% | $392K | $1.3M | 10x | as long as short |
| Lighter RH NEAR | +0.0968% | 1h | 4.2831 | −0.044% | $1.5M | $7.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0990% | 1h | 4.2795 | −0.128% | $1.9M | $10.8M | 25x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.2873 | +0.054% | $1.8M | $2.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2830 | −0.047% | $685K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1483% | 1h | 4.2815 | −0.081% | $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
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
01 Exchange NEARUSD
Kraken Futures PF_NEARUSD
Pacifica NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD