Funding you earn now, next payment 01:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.032%
Price spread now: Orderly against Lighter RH−0.191%7-day average −0.146% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.452%−$45 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.191%, 7d avg −0.146%
=Together, before fees−0.498%+ Points / potential airdropLighter RH: Points live · farm board−$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.045% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.3035 | 0.0304 | pay 0.0038% / 1h | 47m 10s | $1.6M | $6.9M | 10x |
| Short | Orderly PERP_NEAR_USDC | 4.2953 | 0.0099 | get 0.0099% / 8h | 7h 47m | $57K | $193K | 20x |
Lighter RH NEAR
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$42.98
- Price spread: −0.191% → −0.146%
- −$4.48
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$53.46
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 1 min ago; Orderly: no order-book sample. 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 RH live order book, 1 min ago | 1.98 bp | 7.2 bp −$7 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | −0.0181% | 8h | 4.2861 | −0.404% | $218.6M | $418.4M | 75x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.2887 | −0.343% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.2936 | −0.231% | $7.6M | $37.1M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2938 | −0.225% | $2.2M | $13.0M | 50x | as long as short |
| Gate NEAR_USDT | −0.0038% | 8h | 4.2932 | −0.239% | $30.9M | $58.7M | 75x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2901 | −0.312% | $111K | $64K | 10x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.2906 | −0.300% | $13K | $7K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2894 | −0.328% | $376K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2932 | −0.239% | $203K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0014% | 8h | 4.2988 | −0.108% | $7.9M | $18.6M | — | as long as short |
Bybit NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Gate NEAR_USDT
dYdX NEAR-USD
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEARShow 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 | −3.776% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2900 | −0.314% | $112K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0099% | 8h | 4.2953 | −0.191% | $57K | $193K | 20x | |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2890 | −0.337% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2960 | −0.175% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2912 | −0.285% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2888 | −0.341% | $254.9M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2880 | −0.360% | $61.0M | $279.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2920 | −0.267% | $197K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | +0.035% | $245K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2950 | −0.198% | $79.7M | $138.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2960 | −0.174% | $56.2M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2922 | −0.263% | $71.2M | $125.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2900 | −0.314% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3101 | +0.153% | $277K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3108 | +0.169% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3120 | +0.198% | $180K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2909 | −0.293% | $193K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2960 | −0.174% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2909 | −0.293% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2980 | −0.128% | $458K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2970 | −0.151% | $3.8M | $8.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2895 | −0.326% | $3.9M | $16.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2910 | −0.290% | $200K | $28K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2970 | −0.151% | $13.1M | $29.1M | 75x | as long as short |
| Hyperliquid NEAR | +0.0296% | 1h | 4.2991 | −0.102% | $366.6M | $300.1M | 10x | as long as short |
| Lighter RH NEARlong | +0.0304% | 1h | 4.3035 | long leg | $1.6M | $6.9M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0309% | 1h | 4.2952 | −0.193% | $1.9M | $3.0M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0314% | 1h | 4.2925 | −0.255% | $275K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2929 | −0.246% | $408K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0463% | 1h | 4.2901 | −0.312% | $1.9M | $3.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0472% | 1h | 4.2976 | −0.137% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3171 | +0.316% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1259% | 1h | 4.3011 | −0.056% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2224% | 1h | 4.3077 | +0.098% | $17.2M | $23.9M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Phoenix NEAR
Aftermath Perps NEARUSD
Lighter NEAR