Funding you earn now, next payment 01:00 UTC−0.2218%/8h= −242.9% APRpaid last 24h −0.218%
Price spread now: Variational Omni against Lighter−0.635%7-day average −0.149% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.516%−$52 on $10k
+Price spread, last 7 days+0.427%+$43 · spread now −0.635%, 7d avg −0.149%
=Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$67 a day on $10k at the current rate, and Variational Omni is 0.487% cheaper against Lighter than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.516% in total (about -56.3% a year). A funding rate is set anew for every payment. 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 | 4.3263 | 0.2232 | pay 0.0279% / 1h | 49m 14s | $17.3M | $23.9M | 15x |
| Short | Variational Omni NEAR | 4.2988 | 0.0014 | get 0.0014% / 8h | 7h 49m | $7.9M | $18.6M | — |
Lighter NEAR
Variational Omni NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$465.74
- Price spread: −0.635% → −0.149%
- −$48.66
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$514.4
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
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 | 1.19 bp | 6.2 bp −$6 | 30.5 bp −$305 | 105.1 bp −$10.5K | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 3.88 bp | doesn't fit | 10.8 bp −$108 | 31.9 bp −$3,193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0390% | 8h | 4.3130 | −0.308% | $3.9M | $8.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3069 | −0.448% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0130% | 1h | 4.3162 | −0.234% | $7.6M | $37.1M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3016 | −0.571% | $2.3M | $13.0M | 50x | as long as short |
| Bybit NEARUSDT | −0.0095% | 8h | 4.3093 | −0.393% | $219.8M | $419.0M | 75x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3123 | −0.325% | $112K | $64K | 10x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.3140 | −0.285% | $13K | $7K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3058 | −0.474% | $377K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3120 | −0.331% | $204K | — | 150x | as long as short |
| Variational Omni NEARshort | +0.0014% | 8h | 4.2988 | −0.635% | $7.9M | $18.6M | — |
Phemex NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Bybit NEARUSDT
dYdX NEAR-USD
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.284% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3130 | −0.308% | $112K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3150 | −0.262% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3034 | −0.529% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3151 | −0.260% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3072 | −0.441% | $403K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3130 | −0.308% | $256.1M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3110 | −0.354% | $61.3M | $282.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3140 | −0.285% | $198K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2646 | −1.426% | $243K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3111 | −0.352% | $31.1M | $58.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3120 | −0.331% | $80.0M | $138.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3120 | −0.331% | $56.5M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3128 | −0.313% | $71.5M | $125.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3100 | −0.377% | — | $141.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3062 | −0.466% | $267K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3082 | −0.419% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3000 | −0.608% | $180K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3106 | −0.363% | $193K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3190 | −0.169% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3140 | −0.285% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0102% | 8h | 4.3200 | −0.146% | $460K | $3.6M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3119 | −0.334% | $3.9M | $16.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3140 | −0.285% | $201K | $28K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3080 | −0.423% | $13.0M | $29.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0331% | 1h | 4.3153 | −0.255% | $368.0M | $300.0M | 10x | as long as short |
| Lighter RH NEAR | +0.0368% | 1h | 4.3190 | −0.169% | $1.6M | $6.8M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0377% / S −0.0313% | 1h | 4.3117 | −0.337% | $276K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0416% | 1h | 4.3080 | −0.423% | $1.9M | $3.3M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3147 | −0.269% | $410K | $1.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0492% | 1h | 4.3172 | −0.211% | $1.9M | $3.0M | 25x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3171 | −0.213% | $1.8M | $2.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0501% | 1h | 4.3109 | −0.356% | $1.4M | $5.6M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1236% | 1h | 4.3045 | −0.505% | $5K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.2232% | 1h | 4.3263 | long leg | $17.3M | $23.9M | 15x |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD