Funding you earn now, next payment 04:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.058%
Price spread now: Lighter RH against Arcus+0.023%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now +0.023%, 7d avg +0.103%
=Together, before fees+0.031%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter RH is 0.081% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.103%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NEAR-USD | 4.4060 | 0.0581 | pay 0.0073% / 1h | 37m 20s | $221K | $1.8M | 10x |
| Short | Lighter RH NEAR | 4.4070 | 0.0456 | get 0.0057% / 1h | 37m 20s | $1.5M | $7.2M | 10x |
Arcus NEAR-USD
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$26.22
- Price spread: +0.023% → +0.103%
- −$8.07
- Slippage, 4 orders
- −$11.78
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$50.57
- Costs to cover
- 0.163%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; Lighter RH: 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 Arcus live order book, 2 min ago | 2.24 bp | 5.2 bp −$5 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.70 bp | 1.7 bp −$2 | 9.7 bp −$97 | 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 | 4.3949 | −0.253% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.3977 | −0.188% | $2.2M | $15.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3989 | −0.161% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3968 | −0.209% | $609K | $22.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3989 | −0.161% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.015% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3990 | −0.159% | $116K | $514K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4014 | −0.104% | $421K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4020 | −0.091% | $269.2M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3955 | −0.238% | $221.0M | $424.9M | 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 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3990 | −0.159% | $62.4M | $298.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4550 | +1.112% | $254K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3986 | −0.168% | $31.9M | $63.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4020 | −0.091% | $73.6M | $148.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3960 | −0.227% | $54.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4006 | −0.123% | $72.4M | $130.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4000 | −0.136% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4567 | +1.150% | $8.7M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4195 | +0.306% | $265K | $977K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4605 | +1.237% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4150 | +0.204% | $170K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3984 | −0.172% | $235K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4024 | −0.082% | $56K | $217K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4120 | +0.136% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4015 | −0.102% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4090 | +0.068% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4030 | −0.068% | $3.8M | $8.5M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4001 | −0.134% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4037 | −0.052% | $205K | $40K | 3x | as long as short |
| Hyperliquid NEAR | +0.0153% | 1h | 4.3994 | −0.150% | $362.9M | $324.7M | 10x | as long as short |
| Extended NEAR-USD | +0.0200% | 1h | 4.3993 | −0.153% | $4.0M | $19.6M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0204% | 1h | 4.4083 | +0.052% | $1.3M | $6.6M | 20x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4000 | −0.136% | $13.8M | $32.7M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.4014 | −0.104% | $13K | $7K | 10x | as long as short |
| Aster NEARUSDT | +0.0290% | 8h | 4.3992 | −0.155% | $3.0M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0329% / S −0.0206% | 1h | 4.3994 | −0.151% | $239K | — | 100x | as long as short |
| Lighter RH NEARshort | +0.0456% | 1h | 4.4070 | +0.023% | $1.5M | $7.2M | 10x | |
| Nado NEAR-PERP | +0.0572% | 1h | 4.3948 | −0.254% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USDlong | +0.0581% | 1h | 4.4060 | long leg | $221K | $1.8M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0590% | 1h | 4.4040 | −0.046% | $8.1M | $39.9M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0591% | 1h | 4.4038 | −0.050% | $1.9M | $6.8M | 25x | as long as short |
| Phoenix NEAR | +0.0794% | 1h | 4.4338 | +0.631% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0880% | 1h | 4.4099 | +0.088% | $17.8M | $26.3M | 15x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4033 | −0.061% | $559K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1564% | 1h | 4.4369 | +0.702% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Aevo NEAR-PERP
Hyperliquid NEAR
Extended NEAR-USD
Backpack NEAR_USDC_PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD