Funding you earn now, next payment 04:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.058%
Price spread now: Arcus against Lighter RH−0.064%7-day average −0.103% · 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−$13as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Funding, last 4 days (all we have)−0.012%−$1 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.064%, 7d avg −0.103%
=Together, before fees+0.010%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Arcus is 0.040% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.4088 | 0.0456 | pay 0.0057% / 1h | 37m 44s | $1.5M | $7.2M | 10x |
| Short | Arcus NEAR-USD | 4.4060 | 0.0581 | get 0.0073% / 1h | 37m 44s | $221K | $1.8M | 10x |
Lighter RH NEAR
Arcus NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter RH. 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
- $26.22
- Price spread: −0.064% → −0.103%
- $3.98
- Slippage, 4 orders
- −$12.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $13.31
- Costs to cover
- 0.169%
- Break-even
- 3.4 days
Slippage from Lighter RH: live order book, 6 min ago; Arcus: live order book, 1 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 RH live order book, 6 min ago | 2.35 bp | 3.4 bp −$3 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 2.24 bp | 5.6 bp −$6 | 10.8 bp −$108 | 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 | 4.4161 | +0.166% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.4177 | +0.202% | $2.2M | $15.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3989 | −0.224% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4209 | +0.274% | $607K | $22.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4149 | +0.139% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.074% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3990 | −0.222% | $116K | $514K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4014 | −0.167% | $421K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4007 | −0.184% | $269.1M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3976 | −0.254% | $221.0M | $424.6M | 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
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3980 | −0.245% | $62.6M | $298.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4550 | +1.048% | $254K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3988 | −0.227% | $31.9M | $63.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4000 | −0.200% | $73.8M | $148.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4000 | −0.200% | $54.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3972 | −0.263% | $72.2M | $130.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3990 | −0.222% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4567 | +1.086% | $8.7M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4571 | +1.095% | $267K | $976K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4605 | +1.173% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4600 | +1.161% | $171K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4221 | +0.302% | $238K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4122 | +0.077% | $56K | $217K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4290 | +0.458% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4094 | +0.014% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4160 | +0.163% | $460K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4130 | +0.095% | $3.8M | $8.5M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4001 | −0.197% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4143 | +0.124% | $205K | $40K | 3x | as long as short |
| Hyperliquid NEAR | +0.0154% | 1h | 4.4053 | −0.079% | $363.5M | $324.6M | 10x | as long as short |
| Extended NEAR-USD | +0.0200% | 1h | 4.3959 | −0.293% | $4.0M | $19.6M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0204% | 1h | 4.4083 | −0.011% | $1.3M | $6.6M | 20x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4190 | +0.231% | $13.9M | $32.9M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.4014 | −0.168% | $13K | $7K | 10x | as long as short |
| Aster NEARUSDT | +0.0290% | 8h | 4.4022 | −0.149% | $3.0M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0330% / S −0.0206% | 1h | 4.4132 | +0.100% | $240K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0339% | 1h | 4.4133 | +0.102% | $1.9M | $6.8M | 25x | as long as short |
| Lighter RH NEARlong | +0.0456% | 1h | 4.4088 | long leg | $1.5M | $7.2M | 10x | |
| Nado NEAR-PERP | +0.0553% | 1h | 4.4185 | +0.220% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USDshort | +0.0581% | 1h | 4.4060 | −0.064% | $221K | $1.8M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0589% | 1h | 4.4103 | +0.034% | $8.2M | $39.9M | 50x | as long as short |
| Phoenix NEAR | +0.0794% | 1h | 4.4453 | +0.828% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0848% | 1h | 4.4072 | −0.036% | $17.8M | $26.3M | 15x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4033 | −0.125% | $559K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1549% | 1h | 4.4442 | +0.804% | $6K | $12K | 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
Aevo NEAR-PERP
Hyperliquid NEAR
Extended NEAR-USD
Backpack NEAR_USDC_PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD