Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.3199 | +0.0096 | pay 0.0012% / 1h | 48m 45s | $2.2M | $6.0M | 10x | Long Lighter RH | |
| SHORT | 5.3256 | +0.0066 | get 0.0008% / 1h | 48m 45s | $53K | $197K | 20x | Short Bullet |
Price gap+0.107%
Funding gap−0.0030% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 16 days. At the last 7 days' pace that is about 6.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.0030% /8h now · paid −0.147% over the last 7D
Price+$15spread +0.107% now, avg −0.039% → +0.146% if it goes back
Costs−$200.203% of $10k · taker + slippage, in and out
Result−$20−0.20%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.107%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 45 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest2.7 / 5.9 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$1,000 + $500Lighter RH 10x, 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: −$0.90Long Lighter RH: 24 payments, −$2.88; short Bullet: 24 payments, +$1.98.
- OK: Entry gap works for you+0.107% vs −0.039%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$53K vs $2.2M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0077%/8h × 21 periods−$16.27
Price spread+0.107% → −0.039% (7d avg)+$14.59
Slippage, 4 orderslive order books−$12.31
Fee Lighter RH bp × 2 orders$0.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$21.99
Costs to cover0.203%Break-evennever at this rate
Slippage: Lighter RH: live order book, 3 min ago; Bullet: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH2.152.7 bp−$310.8 bp−$108doesn’t fitdoesn’t fit
SELL · SHORTBullet1.135.9 bp−$69.0 bp−$90doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 02:45 | MEXC | Other | Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗ |
| 09-30 01:05 | Reya | Listing | NEARRUSDPERP no longer reported ($NEAR) seen by our collector |
| 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 ↗ |
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