Funding you earn now, next payment 02:00 UTC+0.1660%/8h= +181.8% APRpaid last 24h +0.218%
Price spread now: Lighter against OKX+0.402%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs+$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.748%+$75 on $10k
+Price spread, last 7 days−0.237%−$24 · spread now +0.402%, 7d avg +0.187%
=Together, before fees+0.511%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Lighter is 0.214% dearer against OKX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.187%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.748% in total (about 39.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NEAR-USDT-SWAP | 4.3710 | 0.0100 | pay 0.0100% / 8h | 6h 14m | $62.2M | $290.1M | 50x |
| Short | Lighter NEAR | 4.3886 | 0.1760 | get 0.0220% / 1h | 14m 59s | $17.6M | $25.7M | 15x |
OKX NEAR-USDT-SWAP
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $348.6
- Price spread: +0.402% → +0.187%
- $21.43
- Slippage, 4 orders
- −$22.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $337.1
- Costs to cover
- 0.329%
- Break-even
- 0.2 days
Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 4 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 OKX live order book, 4 min ago | 1.13 bp | 9.4 bp −$9 | 18.4 bp −$184 | 47.4 bp −$4,744 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.08 bp | 7.5 bp −$8 | 22.9 bp −$229 | 76.4 bp −$7,636 | doesn't fit |
NEAR on 44 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 | 4.3857 | +0.337% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3882 | +0.394% | $2.2M | $14.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3762 | +0.118% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3803 | +0.213% | $591K | $20.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3840 | +0.297% | $194K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.262% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0088% | 8h | 4.3887 | +0.405% | $8.5M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3820 | +0.252% | $112K | $495K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3815 | +0.240% | $412K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3711 | +0.002% | $265.3M | $1.08B | 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
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.3697 | −0.030% | $221.3M | $421.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAPlong | +0.0100% | 8h | 4.3710 | long leg | $62.2M | $290.1M | 50x | |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3890 | +0.412% | $209K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3850 | +0.320% | $250K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3684 | −0.059% | $31.5M | $62.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3740 | +0.069% | $75.0M | $143.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3860 | +0.343% | $53.8M | $43.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3705 | −0.011% | $71.9M | $126.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3720 | +0.023% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4564 | +1.953% | $281K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4520 | +1.853% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4540 | +1.899% | $183K | $765K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3888 | +0.407% | $210K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3836 | +0.288% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3900 | +0.435% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3835 | +0.286% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3850 | +0.320% | $453K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3750 | +0.092% | $3.9M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3783 | +0.166% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3739 | +0.067% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3855 | +0.332% | $204K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0176% | 8h | 4.3825 | +0.263% | $3.0M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0216% | 1h | 4.3835 | +0.285% | $8.0M | $40.8M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0343% | 1h | 4.3862 | +0.348% | $1.9M | $4.2M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.3833 | +0.282% | $255K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0407% | 1h | 4.3860 | +0.343% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.3859 | +0.341% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3860 | +0.343% | $554K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4150 | +1.007% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0784% | 1h | 4.3778 | +0.156% | $1.6M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0901% | 1h | 4.3737 | +0.062% | $368.4M | $309.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0912% | 1h | 4.3715 | +0.011% | $1.5M | $6.3M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1638% | 1h | 4.4124 | +0.946% | $6K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1760% | 1h | 4.3886 | +0.402% | $17.6M | $25.7M | 15x |
Bybit NEARUSDT
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD