Funding you earn now, next payment 02:00 UTC+0.1588%/8h= +173.9% APRpaid last 24h +0.227%
Price spread now: Lighter against Bybit+0.328%7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs+$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.797%+$80 on $10k
+Price spread, last 7 days−0.142%−$14 · spread now +0.328%, 7d avg +0.188%
=Together, before fees+0.654%+ Points / potential airdropLighter: Season 3 · farm board+$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Lighter is 0.140% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.188%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.797% in total (about 41.5% 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 | Bybit NEARUSDT | 4.4593 | 0.0100 | pay 0.0100% / 8h | 6h 20m | $226.1M | $422.4M | 75x |
| Short | Lighter NEAR | 4.4739 | 0.1688 | get 0.0211% / 1h | 20m 44s | $17.9M | $25.5M | 15x |
Bybit NEARUSDT
Lighter NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $333.48
- Price spread: +0.328% → +0.188%
- $14.01
- Slippage, 4 orders
- −$11.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $325.16
- Costs to cover
- 0.223%
- Break-even
- 0.2 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 8 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 Bybit live order book, 3 min ago | 1.13 bp | 8.9 bp −$9 | 16.4 bp −$164 | 40.0 bp −$4,002 | 188.6 bp −$94.3K |
| Sell Lighter live order book, 8 min ago | 1.60 bp | 2.6 bp −$3 | 22.8 bp −$228 | 99.0 bp −$9,897 | 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 | 4.4701 | +0.243% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0131% | 8h | 4.4770 | +0.397% | $3.9M | $8.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4798 | +0.460% | $2.2M | $14.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4596 | +0.006% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4741 | +0.332% | $701K | $19.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4743 | +0.336% | $198K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.138% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0080% | 8h | 4.4757 | +0.367% | $8.6M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4690 | +0.218% | $112K | $487K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4621 | +0.064% | $422K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Phemex NEARUSDT
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 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4650 | +0.128% | $270.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDTlong | +0.0100% | 8h | 4.4593 | long leg | $226.1M | $422.4M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4580 | −0.029% | $63.7M | $293.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4690 | +0.218% | $213K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −1.218% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4603 | +0.022% | $32.3M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4610 | +0.038% | $76.5M | $142.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4660 | +0.150% | $55.0M | $43.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4609 | +0.036% | $73.5M | $125.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4640 | +0.105% | — | $143.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4177 | −0.932% | $273K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4339 | −0.570% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4180 | −0.926% | $183K | $763K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4737 | +0.323% | $218K | $3.5M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4744 | +0.339% | $62K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4840 | +0.554% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4765 | +0.386% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4840 | +0.554% | $464K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4571 | −0.050% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4597 | +0.008% | $3.9M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4815 | +0.498% | $209K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0192% | 8h | 4.4829 | +0.529% | $3.1M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0211% | 1h | 4.4804 | +0.473% | $8.1M | $40.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0361% / S −0.0258% | 1h | 4.4712 | +0.266% | $270K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0362% | 1h | 4.4687 | +0.212% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.4723 | +0.292% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0487% | 1h | 4.4783 | +0.426% | $2.0M | $4.2M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4675 | +0.184% | $568K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4597 | +0.009% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0840% | 1h | 4.4691 | +0.220% | $1.7M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0907% | 1h | 4.4707 | +0.256% | $378.1M | $307.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0959% | 1h | 4.4882 | +0.648% | $1.4M | $6.2M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1542% | 1h | 4.4272 | −0.720% | $6K | $12K | 10x | as long as short |
| Lighter NEARshort | +0.1688% | 1h | 4.4739 | +0.328% | $17.9M | $25.5M | 15x |
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD