Funding you earn now, next payment 05:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h +0.039%
Price spread now: Kraken Futures against Lighter RH+0.009%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.009%, 7d avg −0.113%
=Together, before fees−0.386%+ Points / potential airdropLighter RH: Points live · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.122% dearer against Lighter RH than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.113%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.2986 | 0.0920 | pay 0.0115% / 1h | 5m 37s | $1.5M | $7.4M | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.2990 | 0.0717 | get 0.0090% / 1h | 5m 37s | $7.5M | $38.9M | 50x |
Lighter RH NEAR
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$42.66
- Price spread: +0.009% → −0.113%
- $12.18
- Slippage, 4 orders
- −$28.81
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$69.29
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Kraken Futures: 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 RH live order book, 3 min ago | 3.24 bp | 5.5 bp −$6 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 5.67 bp | 19.2 bp −$19 | 24.0 bp −$240 | 53.8 bp −$5,383 | 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 | 4.2987 | +0.003% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2890 | −0.224% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2980 | −0.014% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.666% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3072 | +0.200% | $2.3M | $15.8M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3000 | +0.033% | $110K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2945 | −0.095% | $262.3M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2918 | −0.158% | $212.7M | $426.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2910 | −0.177% | $60.7M | $285.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3449 | +1.077% | $248K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.2906 | −0.186% | $31.9M | $62.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2920 | −0.154% | $71.9M | $147.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2940 | −0.107% | $53.2M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2913 | −0.170% | $71.0M | $127.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2930 | −0.130% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2987 | +0.003% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3144 | +0.367% | $252K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3206 | +0.511% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3130 | +0.335% | $166K | $795K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3039 | +0.123% | $269K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3027 | +0.095% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3090 | +0.242% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3100 | +0.265% | $462K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3010 | +0.056% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2889 | −0.225% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3037 | +0.118% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3210 | +0.521% | $13.5M | $31.9M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0261% | 8h | 4.3104 | +0.275% | $869K | $23.5M | 2.2x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.2927 | −0.136% | $396K | $1.3M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0322% / S −0.0198% | 1h | 4.2971 | −0.036% | $232K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0333% | 1h | 4.2995 | +0.021% | $6K | $53K | 10x | as long as short |
| Aster NEARUSDT | +0.0334% | 8h | 4.2943 | −0.101% | $2.8M | $5.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0528% | 1h | 4.2959 | −0.063% | $13K | $7K | 10x | as long as short |
| Extended NEAR-USD | +0.0560% | 1h | 4.2904 | −0.190% | $3.7M | $19.8M | 25x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0564% | 1h | 4.3017 | +0.072% | $1.9M | $9.9M | 25x | as long as short |
| Nado NEAR-PERP | +0.0567% | 1h | 4.3029 | +0.101% | $1.8M | $3.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0567% | 1h | 4.3016 | +0.070% | $1.3M | $6.8M | 20x | as long as short |
| Hyperliquid NEAR | +0.0577% | 1h | 4.2954 | −0.074% | $351.8M | $312.7M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.2960 | −0.060% | $211K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0717% | 1h | 4.2990 | +0.009% | $7.5M | $38.9M | 50x | |
| Lighter RH NEARlong | +0.0920% | 1h | 4.2986 | long leg | $1.5M | $7.4M | 10x | |
| Phoenix NEAR | +0.0941% | 1h | 4.3324 | +0.786% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1048% | 1h | 4.2987 | +0.001% | $17.3M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.2937 | −0.115% | $668K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1589% | 1h | 4.3223 | +0.552% | $5K | $12K | 10x | as long as short |
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Kalshi KXNEARPERP
Pacifica NEAR
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
Aster NEARUSDT
01 Exchange NEARUSD
Extended NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Arcus NEAR-USD
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD