Funding you earn now, next payment 03:00 UTC−0.0338%/8h= −37.0% APRnext payment −$0.42 per $10,000 · paid last 24h −0.104%
Price spread now: Lighter RH against Phoenix−0.604%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 7 days+0.493%+$49 · spread now −0.604%, 7d avg −0.064%
=Together, before fees+0.206%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter RH is 0.541% cheaper against Phoenix than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.4338 | 0.0794 | pay 0.0099% / 1h | 37m 03s | $1.8M | $2.8M | 10x |
| Short | Lighter RH NEAR | 4.4070 | 0.0456 | get 0.0057% / 1h | 37m 03s | $1.5M | $7.2M | 10x |
Phoenix NEAR
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phoenix. 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
- −$70.95
- Price spread: −0.604% → −0.064%
- −$54.09
- Slippage, 4 orders
- −$22.76
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$154.81
- Costs to cover
- 0.298%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 1 min ago; Lighter RH: live order book, 2 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 Phoenix live order book, 1 min ago | 0.90 bp | 12.4 bp −$12 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.70 bp | 1.7 bp −$2 | 9.7 bp −$97 | 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 | 4.3949 | −0.878% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.3977 | −0.814% | $2.2M | $15.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3989 | −0.787% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3968 | −0.834% | $609K | $22.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3989 | −0.787% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.604% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3990 | −0.785% | $116K | $514K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4014 | −0.730% | $421K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4077 | −0.589% | $269.5M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4050 | −0.650% | $221.4M | $424.7M | 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
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4060 | −0.627% | $62.4M | $299.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4550 | +0.478% | $254K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3986 | −0.794% | $31.9M | $63.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4000 | −0.762% | $73.8M | $148.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4010 | −0.740% | $54.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3997 | −0.769% | $72.3M | $130.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3990 | −0.785% | — | $146.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4567 | +0.516% | $8.7M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4195 | −0.323% | $265K | $977K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4605 | +0.602% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4150 | −0.424% | $170K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3984 | −0.798% | $235K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4024 | −0.708% | $56K | $217K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4120 | −0.492% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4015 | −0.728% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4090 | −0.559% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4030 | −0.695% | $3.8M | $8.5M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4001 | −0.760% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4037 | −0.679% | $205K | $40K | 3x | as long as short |
| Hyperliquid NEAR | +0.0156% | 1h | 4.4011 | −0.738% | $363.0M | $324.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0192% | 1h | 4.4022 | −0.713% | $1.3M | $6.6M | 20x | as long as short |
| Extended NEAR-USD | +0.0200% | 1h | 4.3993 | −0.779% | $4.0M | $19.6M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4000 | −0.762% | $13.8M | $32.7M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.4014 | −0.731% | $13K | $7K | 10x | as long as short |
| Aster NEARUSDT | +0.0290% | 8h | 4.4013 | −0.732% | $3.0M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0329% / S −0.0206% | 1h | 4.3994 | −0.777% | $239K | — | 100x | as long as short |
| Lighter RH NEARshort | +0.0456% | 1h | 4.4070 | −0.604% | $1.5M | $7.2M | 10x | |
| Nado NEAR-PERP | +0.0572% | 1h | 4.3948 | −0.879% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4060 | −0.627% | $221K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0590% | 1h | 4.4040 | −0.673% | $8.1M | $39.9M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0591% | 1h | 4.4038 | −0.677% | $1.9M | $6.8M | 25x | as long as short |
| Phoenix NEARlong | +0.0794% | 1h | 4.4338 | long leg | $1.8M | $2.8M | 10x | |
| Lighter NEAR | +0.0880% | 1h | 4.4099 | −0.539% | $17.8M | $26.3M | 15x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4033 | −0.688% | $559K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1564% | 1h | 4.4369 | +0.071% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
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
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Extended NEAR-USD
BloFin NEAR-USDT
01 Exchange NEARUSD
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD