Funding you earn now, next payment 11:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.124%
Price spread now: Lighter RH against Kalshi−0.009%7-day average +0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs+$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days+0.689%+$69 on $10k
+Price spread, last 7 days+0.166%+$17 · spread now −0.009%, 7d avg +0.134%
=Together, before fees+0.856%+ Points / potential airdropLighter RH: Points live · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.143% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.134%). If the spread goes back, that is −$14 on $10k: about 41 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXNEARPERP | 4.4801 | 0 | get 0.0000% / 8h | 1h 43m | $842K | $26.1M | 2.2x |
| Short | Lighter RH NEAR | 4.4797 | 0.0280 | get 0.0035% / 1h | 43m 00s | $1.5M | $5.9M | 10x |
Kalshi KXNEARPERP
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kalshi. 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
- $58.8
- Price spread: −0.009% → +0.134%
- −$14.26
- Slippage, 4 orders
- −$23.11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $11.44
- Costs to cover
- 0.331%
- Break-even
- 5.6 days
Slippage from Kalshi: live order book, 4 min ago; Lighter RH: live order book, 4 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 Kalshi live order book, 4 min ago | 6.37 bp | 11.4 bp −$11 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 4.69 bp | 4.9 bp −$5 | 16.0 bp −$160 | doesn't fit | doesn't fit |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0236% | 1h | 4.4730 | −0.159% | $7.4M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4684 | −0.261% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4732 | −0.153% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERPlong | 0.0000% | 8h | 4.4801 | long leg | $842K | $26.1M | 2.2x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4671 | −0.290% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.569% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4740 | −0.136% | $123K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4741 | −0.135% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4766 | −0.078% | $271.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4785 | −0.036% | $231.2M | $426.8M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4760 | −0.092% | $64.0M | $297.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4750 | −0.114% | $267K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4727 | −0.165% | $39.8M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4770 | −0.069% | $75.4M | $168.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4770 | −0.069% | $53.2M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4769 | −0.071% | $74.3M | $126.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4740 | −0.136% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4714 | −0.195% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4709 | −0.206% | $264K | $871K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4781 | −0.046% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4710 | −0.203% | $167K | $822K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4751 | −0.112% | $267K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4758 | −0.096% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4810 | +0.020% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4775 | −0.058% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4820 | +0.042% | $466K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4760 | −0.092% | $3.3M | $8.0M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4719 | −0.183% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4755 | −0.103% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4733 | −0.152% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0163% | 1h | 4.4782 | −0.042% | $360.7M | $314.9M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0200% | 1h | 4.4750 | −0.114% | $13K | $4K | 10x | as long as short |
| Nado NEAR-PERP | +0.0211% | 1h | 4.4750 | −0.114% | $1.8M | $3.1M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4740 | −0.136% | $12.9M | $32.4M | 75x | as long as short |
| Lighter NEAR | +0.0232% | 1h | 4.4792 | −0.021% | $17.5M | $23.3M | 15x | as long as short |
| Lighter RH NEARshort | +0.0280% | 1h | 4.4797 | −0.009% | $1.5M | $5.9M | 10x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4724 | −0.173% | $262K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4760 | −0.092% | $226K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4745 | −0.124% | $633K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4818 | +0.038% | $2.3M | $17.5M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0606% | 1h | 4.4779 | −0.049% | $1.1M | $7.1M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0666% | 1h | 4.4786 | −0.033% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.4913 | +0.250% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4764 | −0.082% | $419K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1045% | 1h | 4.4739 | −0.139% | $6K | $6K | 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
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
Nado NEAR-PERP
BloFin NEAR-USDT
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD