Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.9191 | +0.0096 | pay 0.0012% / 1h | 51m 17s | $23.4M | $28.4M | 15x | Long Lighter7d free | |
| SHORT | 4.9150 | −0.0226 | pay 0.0028% / 1h | 51m 17s | $62K | $159K | 20x | Short Bullet |
Price gap−0.083%
Funding gap−0.0322% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 14 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$28−0.0322% /8h now · paid −0.282% over the last 6 days (all we have)
Price+$6spread −0.083% now, avg −0.139% → +0.056% if it goes back
Costs−$190.192% of $10k · taker + slippage, in and out
Result−$42−0.42%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Bullet price against Lighternow
RANGE STATS · 7D
Now−0.083%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 44 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest1.7 / 6.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$666 + $500Lighter 15x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$9.65Long Lighter: 24 payments, −$2.88; short Bullet: 24 payments, −$6.77.
- OK: Entry gap works for you−0.083% vs −0.139%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$62K vs $23.4M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legLighter No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0163%/8h × 21 periods−$34.28
Price spread−0.083% → −0.139% (7d avg)+$5.59
Slippage, 4 orderslive order books−$11.20
Fee Lighter bp × 2 orders$0.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$47.89
Costs to cover0.192%Break-evennever at this rate
Slippage: Lighter: live order book, 7 min ago; Bullet: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.331.7 bp−$29.7 bp−$9744.0 bp−$4,404doesn’t fit
SELL · SHORTBullet2.806.8 bp−$79.4 bp−$94doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | Bulk | Listing | NEAR-USD no longer reported ($NEAR) seen by our collector |
| 09-28 18:50 | Aevo | Other | bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 09-28 03:00 | MEXC | Other | NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗ |
| 09-27 09:30 | HTX | Points | HTX Futures Hot Coin Points Challenge! 🔹Trade popular futures pairs, earn points & redeem Gold and trending token rewards! 🔹More Trading → More Points → More Rewards Gold| Trending Tokens| More Rewards 🔹 Trading Pairs: DOGE/NEAR/SUI/SNDK/MU Join now: @HTX_Global on X ↗ |
| 09-24 20:07 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,200 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |


Bulk
RISEx
MEXC
HTX
OKX