Funding you earn now, next payment 05:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.057%
Price spread now: Lighter RH against Orderly+0.111%7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.111%, 7d avg +0.142%
=Together, before fees+0.506%+ Points / potential airdropLighter RH: Points live · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.031% cheaper against Orderly than usual: you would sell low and buy high (spread +0.111% now, against its 7-day average of +0.142%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.480% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.480% in total (about 25.1% 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 | 4.3339 | 0.0100 | pay 0.0100% / 8h | 3h 14m | $57K | $246K | 20x |
| Short | Lighter RH NEAR | 4.3387 | 0.0920 | get 0.0115% / 1h | 14m 00s | $1.5M | $7.4M | 10x |
Orderly PERP_NEAR_USDC
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $172.2
- Price spread: +0.111% → +0.142%
- −$3.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $163.09
- Costs to cover
- 0.060%
- Break-even
- 0.4 days
Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago | 2.53 bp | 3.8 bp −$4 | 11.5 bp −$115 | doesn't fit | 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 | 4.3308 | −0.071% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3311 | −0.064% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3297 | −0.096% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.451% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3493 | +0.355% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3320 | −0.044% | $110K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3386 | +0.108% | $265.2M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3332 | −0.016% | $214.4M | $425.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3360 | +0.048% | $61.4M | $288.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3250 | −0.205% | $246K | −$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 | 4.3335 | −0.009% | $32.1M | $62.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3360 | +0.048% | $73.7M | $146.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3390 | +0.118% | $53.8M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3367 | +0.065% | $71.5M | $127.6M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3360 | +0.048% | — | $144.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3447 | +0.250% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3528 | +0.435% | $254K | $951K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3530 | +0.442% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3500 | +0.371% | $167K | $796K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3343 | +0.009% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.3339 | long leg | $57K | $246K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3410 | +0.164% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3400 | +0.141% | $468K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3340 | +0.002% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3300 | −0.089% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3350 | +0.025% | $202K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3410 | +0.164% | $13.5M | $32.1M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3341 | +0.005% | $401K | $1.3M | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0273% | 8h | 4.3322 | −0.039% | $870K | $23.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0323% / S −0.0198% | 1h | 4.3289 | −0.115% | $234K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.3379 | +0.092% | $2.8M | $5.5M | 50x | as long as short |
| SoDEX NEAR-USD | +0.0355% | 1h | 4.3315 | −0.055% | $6K | $53K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.3345 | +0.014% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0564% | 1h | 4.3322 | −0.040% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0575% | 1h | 4.3405 | +0.152% | $355.4M | $314.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0590% | 1h | 4.3380 | +0.095% | $1.3M | $6.8M | 20x | as long as short |
| Extended NEAR-USD | +0.0592% | 1h | 4.3361 | +0.052% | $3.8M | $19.9M | 25x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3360 | +0.048% | $213K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0711% | 1h | 4.3330 | −0.020% | $7.6M | $39.0M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0812% | 1h | 4.3343 | +0.009% | $1.9M | $9.6M | 25x | as long as short |
| Lighter RH NEARshort | +0.0920% | 1h | 4.3387 | +0.111% | $1.5M | $7.4M | 10x | |
| Phoenix NEAR | +0.0941% | 1h | 4.3602 | +0.607% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1080% | 1h | 4.3430 | +0.211% | $17.5M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3351 | +0.027% | $681K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1581% | 1h | 4.3409 | +0.162% | $5K | $13K | 10x | 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
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
SoDEX NEAR-USD
01 Exchange NEARUSD
Nado NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Extended NEAR-USD
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD