Funding you earn now, next payment 01:00 UTC−0.1700%/8h= −186.2% APRpaid last 24h −0.206%
Price spread now: BingX against Lighter−0.327%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days−0.801%−$80 on $10k
+Price spread, last 7 days+0.166%+$17 · spread now −0.327%, 7d avg −0.170%
=Together, before fees−0.635%+ Points / potential airdropLighter: Season 3 · farm board−$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and BingX is 0.157% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.170%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.801% in total (about -41.8% 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 | Lighter NEAR | 4.3372 | 0.1800 | pay 0.0225% / 1h | 7m 35s | $17.3M | $24.7M | 15x |
| Short | BingX NEAR-USDC | 4.3230 | 0.0100 | get 0.0100% / 8h | 7h 07m | — | $6.6M | — |
Lighter NEAR
BingX NEAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$357
- Price spread: −0.327% → −0.170%
- −$15.72
- Slippage, 4 orders
- −$21.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$403.94
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; BingX: live order book, 14 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 Lighter live order book, 6 min ago | 3.16 bp | 3.2 bp −$3 | 29.9 bp −$299 | 80.0 bp −$8,002 | doesn't fit |
| Sell BingX live order book, 14 min ago | 1.16 bp | 11.4 bp −$11 | 19.6 bp −$196 | 63.0 bp −$6,301 | 553.1 bp −$276.6K |
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 | 4.3156 | −0.498% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0130% | 1h | 4.3267 | −0.241% | $8.0M | $37.9M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3282 | −0.207% | $2.3M | $13.0M | 50x | as long as short |
| Phemex NEARUSDT | −0.0057% | 8h | 4.3280 | −0.212% | $3.9M | $8.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3239 | −0.307% | $112K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3221 | −0.348% | $346K | $18.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3221 | −0.348% | $205K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0010% | 8h | 4.3248 | −0.286% | $8.2M | $18.9M | — | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.523% | $578 | $302K | 12x | as long as short |
| 01 Exchange NEARUSD | +0.0040% | 1h | 4.3234 | −0.318% | $13K | $7K | 10x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Phemex NEARUSDT
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
Injective NEAR/USDC PERP
01 Exchange NEARUSDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.3240 | −0.304% | $115K | $474K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.3237 | −0.311% | $57K | $162K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3215 | −0.362% | $31K | $608 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3293 | −0.181% | $3.0M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3256 | −0.267% | $403K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3246 | −0.291% | $258.1M | $1.05B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3214 | −0.364% | $218.6M | $413.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3220 | −0.350% | $61.1M | $277.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3260 | −0.258% | $205K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3243 | −0.298% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3236 | −0.313% | $31.1M | $60.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3240 | −0.304% | $75.7M | $141.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3250 | −0.281% | $56.1M | $42.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3229 | −0.329% | $72.0M | $122.0M | 75x | as long as short |
| BingX NEAR-USDCshort | +0.0100% | 8h | 4.3230 | −0.327% | — | $6.6M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3305 | −0.155% | $258K | $1.1M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3459 | +0.202% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3340 | −0.073% | $181K | $775K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3200 | −0.396% | $198K | $3.4M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3210 | −0.373% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3225 | −0.338% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3270 | −0.235% | $456K | $3.7M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3214 | −0.364% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3217 | −0.357% | $201K | $31K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3300 | −0.166% | $13.2M | $27.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0375% / S −0.0307% | 1h | 4.3219 | −0.353% | $275K | — | 100x | as long as short |
| Hyperliquid NEAR | +0.0407% | 1h | 4.3338 | −0.078% | $367.9M | $301.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3266 | −0.245% | $404K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0434% | 1h | 4.3145 | −0.523% | $1.9M | $3.1M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0444% | 1h | 4.3243 | −0.297% | $1.9M | $3.9M | 25x | as long as short |
| Lighter RH NEAR | +0.0480% | 1h | 4.3330 | −0.096% | $1.6M | $7.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0486% | 1h | 4.3352 | −0.046% | $1.3M | $5.9M | 20x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3638 | +0.614% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1507% | 1h | 4.3276 | −0.222% | $5K | $12K | 10x | as long as short |
| Lighter NEARlong | +0.1800% | 1h | 4.3372 | long leg | $17.3M | $24.7M | 15x |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
RISEx NEAR/USDC
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Phoenix NEAR
Aftermath Perps NEARUSD