NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0437%/8h= +47.8% APRnext payment +$0.55 per $10,000 · paid last 24h +0.120%

Price spread now: Lighter against Kraken Futures+0.056%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs+$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.632%+$63 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.056%, 7d avg +0.137%

Together, before fees+0.540%+ Points / potential airdropLighter: Season 3 · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.081% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.137%). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.4974	−0.0141	get 0.0018% / 1h	9m 45s	$7.4M	$37.9M	50x
Short	Lighter NEAR	4.4999	0.0296	get 0.0037% / 1h	9m 45s	$17.6M	$23.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.056%Rate

Funding earned: $91.68
Price spread: +0.056% → +0.137%: −$8.06
Slippage, 4 orders: −$24.28
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $49.34
Costs to cover: 0.343%
Break-even: 3.2 days

Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 7 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 Kraken Futures live order book, 2 min ago	8.03 bp	15.5 bp −$15	18.6 bp −$186	49.4 bp −$4,942	5795.8 bp −$2.90M
Sell Lighter live order book, 7 min ago	1.22 bp	3.4 bp −$3	9.0 bp −$90	60.3 bp −$6,033	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
Reya NEARRUSDPERP	−0.0171%	1h	4.4915	−0.131%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSDlong	−0.0141%	1h	4.4974	long leg	$7.4M	$37.9M	50x
dYdX NEAR-USD	+0.0002%	1h	4.4950	−0.053%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4996	+0.048%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.925%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4920	−0.120%	$123K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4987	+0.029%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4989	+0.034%	$273.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4970	−0.009%	$233.1M	$433.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4950	−0.054%	$64.3M	$309.3M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4940	−0.076%	$227K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5102	+0.284%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4976	+0.004%	$39.8M	$63.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5010	+0.080%	$77.1M	$172.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5000	+0.058%	$53.4M	$45.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4970	−0.009%	$74.6M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4990	+0.035%	—	$77.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4825	−0.332%	$8.9M	$17.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5135	+0.357%	$267K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4976	+0.003%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4960	−0.031%	$167K	$827K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4926	−0.107%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4961	−0.029%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5070	+0.213%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5005	+0.069%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5010	+0.080%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5000	+0.058%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4872	−0.226%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4975	+0.003%	$3.7M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4943	−0.069%	$209K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0104%	8h	4.4873	−0.225%	$791K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.4910	−0.143%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4870	−0.232%	$12.9M	$32.8M	75x	as long as short
Hyperliquid NEAR	+0.0278%	1h	4.5024	+0.111%	$363.2M	$317.5M	10x	as long as short
Lighter NEARshort	+0.0296%	1h	4.4999	+0.056%	$17.6M	$23.9M	15x
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.4810	−0.366%	$258K	—	100x	as long as short
Nado NEAR-PERP	+0.0412%	1h	4.4910	−0.143%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.4929	−0.100%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.4931	−0.096%	$641K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0640%	1h	4.5020	+0.102%	$1.6M	$6.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0699%	1h	4.5047	+0.162%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5150	+0.391%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.4866	−0.240%	$416K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1189%	1h	4.4998	+0.054%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1218%	1h	4.5028	+0.120%	$1.9M	$13.1M	25x	as long as short