Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.146%
Price spread now: Deribit against Lighter−0.339%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.436%−$44 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.339%, 7d avg −0.099%
=Together, before fees−0.245%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.240% cheaper against Lighter than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.3617 | 0.0560 | pay 0.0070% / 1h | 3m 40s | $17.2M | $25.4M | 15x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.3469 | 0.0510 | get 0.0064% / 1h | 3m 40s | $1.9M | $13.1M | 25x |
Lighter NEAR
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$10.5
- Price spread: −0.339% → −0.099%
- −$24
- Slippage, 4 orders
- −$17.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$59.28
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, just now.
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, 5 min ago | 2.37 bp | 4.9 bp −$5 | 11.2 bp −$112 | 59.9 bp −$5,987 | doesn't fit |
| Sell Deribit live order book, just now | 2.87 bp | 6.4 bp −$6 | 13.4 bp −$134 | 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 | 4.3470 | −0.336% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3462 | −0.354% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3400 | −0.496% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3440 | −0.406% | $7.2M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.059% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3570 | −0.107% | $114K | $499K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3573 | −0.100% | $219.6M | $430.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3570 | −0.107% | $61.4M | $295.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.306% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3571 | −0.105% | $35.9M | $63.2M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3490 | −0.290% | $52.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3561 | −0.128% | $72.1M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3549 | −0.155% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3722 | +0.242% | $253K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3681 | +0.148% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3680 | +0.145% | $167K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3566 | −0.116% | $274K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3448 | −0.387% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3650 | +0.076% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3433 | −0.421% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3450 | −0.382% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3587 | −0.068% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3571 | −0.106% | $3.6M | $16.4M | 25x | as long as short |
| Aster NEARUSDT | +0.0105% | 8h | 4.3495 | −0.280% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3461 | −0.357% | $202K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0132% | 1h | 4.3508 | −0.249% | $350.6M | $316.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0144% | 8h | 4.3560 | −0.129% | $263.2M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0146% | 8h | 4.3580 | −0.084% | $88.9M | $154.7M | 200x | as long as short |
| BingX NEAR-USDT | +0.0155% | 8h | 4.3570 | −0.107% | — | $83.1M | — | as long as short |
| HTX NEAR-USDT | +0.0158% | 8h | 4.3500 | −0.268% | $463K | $3.8M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0169% | 8h | 4.3475 | −0.325% | $942K | $25.1M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3587 | −0.068% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0266% | 8h | 4.3670 | +0.122% | $13.4M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0342% / S −0.0242% | 1h | 4.3462 | −0.354% | $253K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.3534 | −0.190% | $1.6M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0471% | 1h | 4.3506 | −0.254% | $1.1M | $7.2M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3494 | −0.281% | $2.3M | $16.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0496% | 1h | 4.3543 | −0.169% | $1.5M | $6.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0510% | 1h | 4.3469 | −0.339% | $1.9M | $13.1M | 25x | |
| Lighter NEARlong | +0.0560% | 1h | 4.3617 | long leg | $17.2M | $25.4M | 15x | |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3580 | −0.084% | $228K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3557 | −0.138% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3865 | +0.569% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3563 | −0.122% | $604K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1115% | 1h | 4.3615 | −0.005% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
HTX NEAR-USDT
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD