Funding you earn now, next payment 03:00 UTC−0.0712%/8h= −78.0% APRnext payment −$0.89 per $10,000 · paid last 24h −0.070%
Price spread now: dYdX against Lighter RH−0.252%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1061.062% of the position
Funding, last 7 days−0.619%−$62 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.252%, 7d avg −0.157%
=Together, before fees−0.560%+ Points / potential airdropLighter RH: Points live · farm board−$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and dYdX is 0.095% cheaper against Lighter RH than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.157%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.3582 | 0.0712 | pay 0.0089% / 1h | 46m 18s | $1.6M | $6.9M | 10x |
| Short | dYdX NEAR-USD | 4.3472 | 0 | get 0.0000% / 1h | 46m 18s | $107K | $70K | 10x |
Lighter RH NEAR
dYdX NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$149.52
- Price spread: −0.252% → −0.157%
- −$9.47
- Slippage, 4 orders
- −$96.22
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$265.21
- Costs to cover
- 1.062%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; dYdX: live order book, 18 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, 2 min ago | 3.89 bp | 8.9 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 18 min ago | 37.73 bp | 50.7 bp −$51 | 86.1 bp −$861 | 114.4 bp −$11.4K | 160.7 bp −$80.4K |
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 | 4.3545 | −0.085% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3530 | −0.119% | $2.2M | $14.1M | 50x | as long as short |
| dYdX NEAR-USDshort | 0.0000% | 1h | 4.3472 | −0.252% | $107K | $70K | 10x | |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3608 | +0.060% | $567K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3560 | −0.050% | $197K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.984% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3540 | −0.096% | $114K | $483K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3470 | −0.257% | $410K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3550 | −0.073% | $264.8M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3520 | −0.142% | $219.5M | $416.8M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
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 | 4.3480 | −0.234% | $62.1M | $287.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | +0.172% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3571 | −0.025% | $31.4M | $61.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3530 | −0.119% | $75.0M | $140.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3530 | −0.119% | $54.7M | $44.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3486 | −0.220% | $71.4M | $126.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3580 | −0.005% | — | $144.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3926 | +0.790% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3629 | +0.107% | $262K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3910 | +0.753% | $1.5M | $1.4M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3590 | +0.018% | $205K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3592 | +0.023% | $60K | $191K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3630 | +0.110% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3550 | −0.073% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3690 | +0.248% | $457K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3520 | −0.142% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3468 | −0.261% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3548 | −0.079% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3585 | +0.007% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0194% | 8h | 4.3566 | −0.036% | $3.0M | $5.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3510 | −0.165% | — | $30.3M | 75x | as long as short |
| ApeX Omni NEARUSDT | +0.0231% | 1h | 4.3580 | −0.005% | $194K | $778K | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.3562 | −0.047% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.3525 | −0.131% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3530 | −0.119% | $207K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0411% | 1h | 4.3525 | −0.131% | $1.9M | $3.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0666% | 1h | 4.3649 | +0.154% | $1.5M | $6.5M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0707% | 1h | 4.3564 | −0.042% | $8.1M | $41.0M | 50x | as long as short |
| Lighter RH NEARlong | +0.0712% | 1h | 4.3582 | long leg | $1.6M | $6.9M | 10x | |
| Hyperliquid NEAR | +0.0745% | 1h | 4.3609 | +0.062% | $367.1M | $304.9M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0783% | 1h | 4.3623 | +0.094% | $1.9M | $4.3M | 25x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3669 | +0.200% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3530 | −0.119% | $550K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1312% | 1h | 4.3615 | +0.075% | $17.4M | $25.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1752% | 1h | 4.3691 | +0.251% | $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-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
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
BloFin NEAR-USDT
ApeX Omni NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD