Funding you earn now, next payment 08:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.232%
Price spread now: Lighter against Phemex+0.116%7-day average +0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days+0.875%+$88 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.116%, 7d avg +0.157%
=Together, before fees+0.967%+ Points / potential airdropLighter: Season 3 · farm board+$97 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.042% cheaper against Phemex than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.157%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NEARUSDT | 4.3680 | 0.0100 | pay 0.0100% / 8h | 10m 01s | $3.6M | $8.2M | 50x |
| Short | Lighter NEAR | 4.3731 | 0.0552 | get 0.0069% / 1h | 10m 01s | $17.2M | $25.4M | 15x |
Phemex NEARUSDT
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- $94.92
- Price spread: +0.116% → +0.157%
- −$4.16
- Slippage, 4 orders
- −$27.61
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $51.14
- Costs to cover
- 0.396%
- Break-even
- 3.2 days
Slippage from Phemex: 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 Phemex live order book, 4 min ago | 2.29 bp | 14.1 bp −$14 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.39 bp | 4.2 bp −$4 | 9.3 bp −$93 | 60.2 bp −$6,018 | 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 | 4.3639 | −0.093% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3600 | −0.182% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3660 | −0.046% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3663 | −0.038% | $7.1M | $38.2M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.197% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3610 | −0.160% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3679 | −0.002% | $220.6M | $428.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3670 | −0.023% | $61.3M | $295.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3601 | −0.182% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3655 | −0.057% | $35.8M | $62.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3680 | 0.000% | $53.0M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3671 | −0.021% | $72.2M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3490 | −0.436% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3647 | −0.076% | $253K | $902K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3469 | −0.484% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3540 | −0.321% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3646 | −0.078% | $278K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3682 | +0.005% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3680 | 0.000% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3680 | 0.000% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.3680 | long leg | $3.6M | $8.2M | 50x | |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3572 | −0.247% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3664 | −0.036% | $3.6M | $16.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3695 | +0.034% | $203K | $38K | 3x | as long as short |
| Aster NEARUSDT | +0.0124% | 8h | 4.3655 | −0.056% | $2.7M | $4.8M | 50x | as long as short |
| Hyperliquid NEAR | +0.0137% | 1h | 4.3703 | +0.053% | $352.2M | $316.2M | 10x | as long as short |
| HTX NEAR-USDT | +0.0154% | 8h | 4.3690 | +0.023% | $465K | $3.8M | 75x | as long as short |
| Binance NEARUSDT | +0.0156% | 8h | 4.3675 | −0.013% | $264.5M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0159% | 8h | 4.3680 | 0.000% | $87.9M | $153.6M | 200x | as long as short |
| BingX NEAR-USDC | +0.0171% | 8h | 4.3660 | −0.046% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERP | +0.0173% | 8h | 4.3586 | −0.215% | $974K | $25.1M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3630 | −0.114% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0279% | 8h | 4.3500 | −0.412% | $13.3M | $32.1M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0340% / S −0.0239% | 1h | 4.3660 | −0.045% | $253K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0377% | 1h | 4.3665 | −0.034% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0460% | 1h | 4.3703 | +0.053% | $1.0M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3692 | +0.027% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0504% | 1h | 4.3724 | +0.101% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEARshort | +0.0552% | 1h | 4.3731 | +0.116% | $17.2M | $25.4M | 15x | |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3630 | −0.114% | $228K | $1.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0826% | 1h | 4.3712 | +0.073% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3598 | −0.187% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3782 | +0.234% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3631 | −0.112% | $607K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1114% | 1h | 4.3570 | −0.252% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Hyperliquid NEAR
HTX NEAR-USDT
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDC
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD