Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.099%
Price spread now: Phoenix against Lighter RH+1.115%75s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days+0.286%+$29 on $10k
+Price spread, last 7 days−1.052%−$105 · spread now +1.115%, 7d avg +0.063%
=Together, before fees−0.766%+ Points / potential airdropLighter RH: Points live · farm board−$77 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 1.052% dearer against Lighter RH than usual: you sell high and buy low: +$105 more if the spread goes back to its 7-day average of +0.063%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.3235 | 0.0856 | pay 0.0107% / 1h | 44m 01s | $1.5M | $7.4M | 10x |
| Short | Phoenix NEAR | 4.3717 | 0.0941 | get 0.0118% / 1h | 44m 01s | $1.8M | $2.8M | 10x |
Lighter RH NEAR
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $17.82
- Price spread: +1.115% → +0.063%
- $105.16
- Slippage, 4 orders
- −$27.41
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $88.57
- Costs to cover
- 0.344%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 5 min ago; Phoenix: live order book, 5 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, 5 min ago | 2.75 bp | 7.4 bp −$7 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 0.92 bp | 11.8 bp −$12 | 29.2 bp −$292 | 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 | 4.3195 | −0.092% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3146 | −0.206% | $106K | $69K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3139 | −0.222% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.221% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3225 | −0.023% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3250 | +0.035% | $107K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3307 | +0.167% | $266.3M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3259 | +0.056% | $215.9M | $427.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3260 | +0.058% | $61.5M | $291.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3771 | +1.240% | $249K | −$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 | 4.3257 | +0.051% | $31.6M | $60.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3250 | +0.035% | $73.5M | $144.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3190 | −0.104% | $53.7M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3253 | +0.042% | $71.0M | $128.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3270 | +0.081% | — | $146.3M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3397 | +0.376% | $8.4M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3444 | +0.483% | $254K | $950K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3580 | +0.798% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3430 | +0.451% | $167K | $799K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3253 | +0.042% | $260K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3186 | −0.113% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3240 | +0.012% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3290 | +0.127% | $459K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3230 | −0.012% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3194 | −0.094% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3198 | −0.085% | $201K | $37K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0138% | 8h | 4.3184 | −0.118% | $652K | $23.1M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3260 | +0.058% | $13.7M | $32.1M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3163 | −0.167% | $410K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0306% | 8h | 4.3183 | −0.120% | $2.9M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0194% | 1h | 4.3140 | −0.219% | $231K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0408% | 1h | 4.3165 | −0.162% | $8K | $49K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0485% | 1h | 4.3294 | +0.136% | $1.3M | $6.5M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.3286 | +0.118% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0590% | 1h | 4.3303 | +0.156% | $355.5M | $320.0M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3290 | +0.127% | $212K | $1.6M | 10x | as long as short |
| Extended NEAR-USD | +0.0664% | 1h | 4.3149 | −0.199% | $3.8M | $19.8M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0714% | 1h | 4.3160 | −0.173% | $7.6M | $39.8M | 50x | as long as short |
| Nado NEAR-PERP | +0.0729% | 1h | 4.3240 | +0.012% | $1.8M | $3.1M | 10x | as long as short |
| Lighter RH NEARlong | +0.0856% | 1h | 4.3235 | long leg | $1.5M | $7.4M | 10x | |
| Phoenix NEARshort | +0.0941% | 1h | 4.3717 | +1.115% | $1.8M | $2.8M | 10x | |
| Lighter NEAR | +0.1144% | 1h | 4.3243 | +0.018% | $17.4M | $24.9M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3293 | +0.134% | $625K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1583% | 1h | 4.3419 | +0.426% | $5K | $12K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1929% | 1h | 4.3241 | +0.014% | $2.0M | $8.8M | 25x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Kalshi KXNEARPERP
BloFin NEAR-USDT
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Hyperliquid NEAR
Arcus NEAR-USD
Extended NEAR-USD
Kraken Futures PF_NEARUSD
Nado NEAR-PERP
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL