Funding you earn now, next payment 02:00 UTC−0.1308%/8h= −143.2% APRpaid last 24h −0.218%
Price spread now: edgeX against Lighter−0.820%49s7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.735%−$74 on $10k
+Price spread, last 4 days (all we have)+0.843%+$84 · spread now −0.820%, 7d avg −0.170%
=Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and edgeX is 0.649% cheaper against Lighter than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.170%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.735% in total (about -38.3% 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 | 4.3570 | 0.1408 | pay 0.0176% / 1h | 46m 18s | $17.4M | $24.5M | 15x |
| Short | edgeX NEARUSDC | 4.3213 | 0.0100 | get 0.0050% / 4h | 2h 46m | $259K | $1.0M | 20x |
Lighter NEAR
edgeX NEARUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$274.68
- Price spread: −0.820% → −0.170%
- −$64.95
- Slippage, 4 orders
- −$23.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$372.49
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; edgeX: 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 Lighter live order book, 7 min ago | 2.13 bp | 6.3 bp −$6 | 26.3 bp −$263 | 75.4 bp −$7,545 | doesn't fit |
| Sell edgeX live order book, 2 min ago | 6.92 bp | 11.6 bp −$12 | 27.5 bp −$275 | 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 | 4.3382 | −0.431% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3473 | −0.223% | $2.2M | $13.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3443 | −0.291% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3275 | −0.678% | $487K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3389 | −0.416% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.958% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0040% | 8h | 4.3438 | −0.303% | $8.2M | $19.1M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3450 | −0.276% | $116K | $477K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3433 | −0.315% | $58K | $161K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3500 | −0.161% | $3.0M | $5.8M | 50x | 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
Variational Omni NEAR
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.3467 | −0.236% | $411K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3420 | −0.345% | $258.4M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3400 | −0.391% | $220.8M | $418.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3400 | −0.391% | $61.2M | $280.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3490 | −0.184% | $206K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3300 | −0.620% | $247K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3396 | −0.400% | $31.2M | $60.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3420 | −0.345% | $76.7M | $137.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3460 | −0.253% | $56.0M | $42.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3411 | −0.366% | $71.9M | $123.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3420 | −0.345% | — | $142.6M | — | as long as short |
| edgeX NEARUSDCshort | +0.0100% | 4h | 4.3213 | −0.820% | $259K | $1.0M | 20x | |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3229 | −0.783% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3240 | −0.758% | $179K | $777K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3480 | −0.207% | $206K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3480 | −0.207% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3410 | −0.368% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3450 | −0.276% | $442K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3370 | −0.460% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3428 | −0.327% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3386 | −0.422% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3425 | −0.333% | $202K | $34K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0218% | 1h | 4.3422 | −0.340% | $7.7M | $39.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | −0.804% | $13.2M | $27.6M | 75x | as long as short |
| Nado NEAR-PERP | +0.0315% | 1h | 4.3384 | −0.428% | $1.9M | $3.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0359% / S −0.0277% | 1h | 4.3391 | −0.411% | $260K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0376% | 1h | 4.3518 | −0.120% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3498 | −0.167% | $542K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3227 | −0.788% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0632% | 1h | 4.3465 | −0.242% | $1.6M | $6.9M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0787% | 1h | 4.3448 | −0.281% | $1.9M | $4.1M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0851% | 1h | 4.3438 | −0.304% | $1.3M | $6.0M | 20x | as long as short |
| Hyperliquid NEAR | +0.0859% | 1h | 4.3517 | −0.122% | $369.0M | $303.2M | 10x | as long as short |
| Lighter NEARlong | +0.1408% | 1h | 4.3570 | long leg | $17.4M | $24.5M | 15x | |
| Aftermath Perps NEARUSD | +0.1459% | 1h | 4.3247 | −0.742% | $5K | $12K | 10x | as long as short |
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
BingX NEAR-USDT
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Aftermath Perps NEARUSD