Funding you earn now, next payment 02:00 UTC+0.1333%/8h= +145.9% APRpaid last 24h +0.218%
Price spread now: Lighter against Orderly+0.161%7-day average +0.169% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.786%+$79 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.161%, 7d avg +0.169%
=Together, before fees+0.832%+ Points / potential airdropLighter: Season 3 · farm board+$83 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.169%, so right now this pair is about funding alone: +$40 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.786% in total (about 41.0% 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 | Orderly PERP_NEAR_USDC | 4.3257 | 0.0099 | pay 0.0099% / 8h | 6h 37m | $57K | $161K | 20x |
| Short | Lighter NEAR | 4.3327 | 0.1432 | get 0.0179% / 1h | 37m 58s | $17.3M | $24.7M | 15x |
Orderly PERP_NEAR_USDC
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $279.86
- Price spread: +0.161% → +0.169%
- −$0.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $273.08
- Costs to cover
- 0.060%
- Break-even
- 0.2 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 2.63 bp | 3.8 bp −$4 | 12.2 bp −$122 | 84.3 bp −$8,431 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3298 | +0.096% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3313 | +0.129% | $2.1M | $13.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3310 | +0.123% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3251 | −0.014% | $517K | $19.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3241 | −0.037% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.270% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0043% | 8h | 4.3108 | −0.344% | $8.2M | $19.1M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3290 | +0.076% | $115K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0099% | 8h | 4.3257 | long leg | $57K | $161K | 20x | |
| Pacifica NEAR | +0.0100% | 1h | 4.3342 | +0.196% | $410K | $1.2M | 10x | 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 NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.3306 | +0.114% | $258.8M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3300 | +0.099% | $220.2M | $419.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3320 | +0.146% | $61.2M | $280.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3340 | +0.192% | $205K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3300 | +0.099% | $247K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3279 | +0.051% | $31.0M | $60.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3330 | +0.169% | $75.8M | $137.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3300 | +0.099% | $55.6M | $42.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3297 | +0.092% | $71.7M | $123.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3260 | +0.007% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3211 | −0.106% | $259K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3122 | −0.312% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3250 | −0.016% | $179K | $776K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3326 | +0.160% | $214K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3320 | +0.146% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3232 | −0.058% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3440 | +0.423% | $442K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3270 | +0.030% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3286 | +0.067% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3295 | +0.089% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3234 | −0.054% | $201K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0112% | 8h | 4.3309 | +0.121% | $3.0M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0219% | 1h | 4.3242 | −0.036% | $7.9M | $39.9M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | −0.086% | $13.2M | $27.6M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0305% | 1h | 4.3257 | 0.000% | $1.9M | $4.1M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0360% / S −0.0278% | 1h | 4.3250 | −0.017% | $260K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0368% | 1h | 4.3339 | +0.190% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0443% | 1h | 4.3290 | +0.076% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3322 | +0.149% | $542K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3150 | −0.247% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0640% | 1h | 4.3340 | +0.192% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0740% | 1h | 4.3355 | +0.227% | $364.1M | $303.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0790% | 1h | 4.3325 | +0.157% | $1.4M | $6.0M | 20x | as long as short |
| Lighter NEARshort | +0.1432% | 1h | 4.3327 | +0.161% | $17.3M | $24.7M | 15x | |
| Aftermath Perps NEARUSD | +0.1438% | 1h | 4.3211 | −0.105% | $5K | $12K | 10x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
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
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD