Funding you earn now, next payment 02:00 UTC+0.1476%/8h= +161.6% APRnext payment +$1.84 per $10,000 · paid last 24h +0.247%
Price spread now: Lighter against gTrade (Gains Network)+0.279%7-day average +0.175% · 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−$270as in the Price arb table
costs, in and out, $10k−$2812.808% of the position
Funding, last 3 days (all we have)+0.601%+$60 on $10k
+Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.279%, 7d avg +0.175%
=Together, before fees+0.517%+ Points / potential airdropLighter: Season 3 · farm board+$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Lighter is 0.104% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.175%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) NEAR/USD | 4.3700 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 35m 17s | $202K | — | 150x |
| Short | Lighter NEAR | 4.3822 | 0.1480 | get 0.0185% / 1h | 35m 17s | $17.5M | $24.8M | 15x |
gTrade (Gains Network) NEAR/USD
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $309.91
- Price spread: +0.279% → +0.175%
- $10.37
- Slippage, 4 orders
- −$270.77
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $39.52
- Costs to cover
- 2.808%
- Break-even
- 6.1 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 34 min ago; Lighter: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 34 min ago | 130.01 bp | 135.0 bp −$135 | 875.9 bp −$8,759 | 9405.5 bp −$940.6K | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.44 bp | 1.8 bp −$2 | 14.1 bp −$141 | 80.4 bp −$8,037 | 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 | 4.3668 | −0.071% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3768 | +0.157% | $2.2M | $13.8M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3553 | −0.334% | $109K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3676 | −0.054% | $535K | $19.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USDlong | L +0.0004% / S −0.0004% | 1h | 4.3700 | long leg | $202K | — | 150x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.239% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0052% | 8h | 4.3548 | −0.346% | $8.3M | $19.1M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3590 | −0.251% | $116K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3726 | +0.061% | $58K | $161K | 20x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3585 | −0.263% | $412K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Injective NEAR/USDC PERP
Variational Omni NEAR
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Pacifica NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.3765 | +0.149% | $261.5M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3795 | +0.219% | $222.6M | $420.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3780 | +0.184% | $61.8M | $284.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3640 | −0.136% | $207K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3449 | −0.572% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3689 | −0.024% | $31.5M | $60.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3800 | +0.230% | $76.0M | $138.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3790 | +0.207% | $56.2M | $42.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3707 | +0.017% | $72.3M | $123.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3720 | +0.047% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3236 | −1.060% | $260K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3339 | −0.824% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3400 | −0.685% | $180K | $775K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3673 | −0.061% | $215K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3800 | +0.230% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3725 | +0.058% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3850 | +0.344% | $453K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3740 | +0.093% | $3.9M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3549 | −0.344% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3704 | +0.010% | $3.9M | $17.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3725 | +0.058% | $204K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0122% | 8h | 4.3773 | +0.168% | $3.0M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0216% | 1h | 4.3747 | +0.110% | $7.7M | $40.3M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | −1.097% | $13.2M | $27.6M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0361% / S −0.0278% | 1h | 4.3679 | −0.047% | $262K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0368% | 1h | 4.3669 | −0.070% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0432% | 1h | 4.3695 | −0.010% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3654 | −0.103% | $546K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3434 | −0.608% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0688% | 1h | 4.3803 | +0.237% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0766% | 1h | 4.3661 | −0.088% | $366.5M | $303.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0805% | 1h | 4.3635 | −0.148% | $1.4M | $5.9M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0894% | 1h | 4.3751 | +0.118% | $1.9M | $4.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1439% | 1h | 4.3386 | −0.716% | $5K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1480% | 1h | 4.3822 | +0.279% | $17.5M | $24.8M | 15x |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
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
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD