Funding you earn now, next payment 02:00 UTC−0.1652%/8h= −180.9% APRnext payment −$2.06 per $10,000 · paid last 24h −0.086%
Price spread now: Arcus against Lighter−0.213%7-day average −0.129% · 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−$33as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 3 days (all we have)−0.223%−$22 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.213%, 7d avg −0.129%
=Together, before fees−0.183%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Arcus is 0.084% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.223% in total (about -23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.3984 | 0.1752 | pay 0.0219% / 1h | 15m 48s | $17.6M | $25.7M | 15x |
| Short | Arcus NEAR-USD | 4.3890 | 0.0100 | get 0.0013% / 1h | 15m 48s | $209K | $1.7M | 10x |
Lighter NEAR
Arcus NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- −$346.92
- Price spread: −0.213% → −0.129%
- −$8.39
- Slippage, 4 orders
- −$19.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$379.7
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Arcus: 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 Lighter live order book, 8 min ago | 2.09 bp | 5.6 bp −$6 | 13.8 bp −$138 | 65.8 bp −$6,580 | doesn't fit |
| Sell Arcus live order book, 3 min ago | 3.37 bp | 5.6 bp −$6 | 10.6 bp −$106 | doesn't fit | doesn't fit |
NEAR on 44 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 | 4.3815 | −0.383% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3911 | −0.165% | $2.2M | $14.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3856 | −0.289% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3875 | −0.247% | $599K | $20.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3910 | −0.168% | $194K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.851% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0088% | 8h | 4.3887 | −0.220% | $8.5M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3830 | −0.349% | $112K | $496K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3885 | −0.225% | $412K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3800 | −0.417% | $265.9M | $1.08B | 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
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.3780 | −0.463% | $222.1M | $422.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3760 | −0.508% | $62.4M | $290.2M | 50x | as long as short |
| Arcus NEAR-USDshort | +0.0100% | 1h | 4.3890 | −0.213% | $209K | $1.7M | 10x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3850 | −0.304% | $250K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3762 | −0.504% | $31.6M | $62.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3850 | −0.304% | $75.1M | $143.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3860 | −0.281% | $53.8M | $43.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3793 | −0.433% | $72.1M | $126.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3770 | −0.486% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4564 | +1.319% | $281K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4520 | +1.219% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4540 | +1.265% | $183K | $765K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3871 | −0.256% | $208K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3929 | −0.124% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3950 | −0.076% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3880 | −0.236% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3990 | +0.015% | $454K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3870 | −0.258% | $3.9M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3832 | −0.345% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3825 | −0.361% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3923 | −0.138% | $205K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0176% | 8h | 4.3880 | −0.235% | $3.0M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0216% | 1h | 4.3887 | −0.220% | $8.0M | $40.9M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0242% | 1h | 4.3881 | −0.232% | $256K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0387% | 1h | 4.3957 | −0.060% | $1.9M | $4.2M | 25x | as long as short |
| Nado NEAR-PERP | +0.0408% | 1h | 4.3838 | −0.330% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0424% | 1h | 4.3831 | −0.347% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3847 | −0.310% | $554K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4150 | +0.378% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0792% | 1h | 4.3924 | −0.136% | $1.6M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0907% | 1h | 4.3961 | −0.051% | $370.3M | $309.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0920% | 1h | 4.3934 | −0.113% | $1.4M | $6.3M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1618% | 1h | 4.4191 | +0.471% | $6K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.1752% | 1h | 4.3984 | long leg | $17.6M | $25.7M | 15x |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
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
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD