Funding you earn now, next payment 23:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.034%
Price spread now: Bybit against Lighter RH−0.116%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.453%−$45 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.116%, 7d avg −0.157%
=Together, before fees−0.394%+ Points / potential airdropLighter RH: Points live · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.041% dearer against Lighter RH than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.157%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days. At the pace of the last 7 days (−0.453% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NEAR | 4.2131 | 0.0128 | pay 0.0016% / 1h | 20m 25s | $1.5M | $7.0M | 10x |
| Short | Bybit NEARUSDT | 4.2082 | 0.0100 | get 0.0100% / 8h | 1h 20m | $214.7M | $422.5M | 75x |
Lighter RH NEAR
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter RH. 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
- −$5.88
- Price spread: −0.116% → −0.157%
- $4.1
- Slippage, 4 orders
- −$11.97
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.76
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Bybit: live order book, 4 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 RH live order book, 3 min ago | 3.34 bp | 3.6 bp −$4 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.19 bp | 6.7 bp −$7 | 6.7 bp −$67 | 29.6 bp −$2,957 | 125.1 bp −$62.5K |
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 | 4.2083 | −0.114% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.2000 | −0.311% | $2.1M | $12.7M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −1.711% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2089 | −0.101% | $109K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1961 | −0.404% | $430K | $18.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2112 | −0.045% | $208K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.2052 | −0.189% | $7.7M | $36.6M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2090 | −0.097% | $112K | $483K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2105 | −0.063% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2140 | +0.021% | $3.0M | $5.7M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.2091 | −0.094% | $364K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2104 | −0.065% | $241.4M | $1.07B | 75x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.2082 | −0.116% | $214.7M | $422.5M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2070 | −0.145% | $58.3M | $278.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2100 | −0.074% | $227K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2112 | −0.045% | $30.2M | $57.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2100 | −0.074% | $83.5M | $142.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2130 | −0.002% | $55.4M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2093 | −0.090% | $69.8M | $125.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2100 | −0.074% | — | $136.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1690 | −1.047% | $7.7M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1795 | −0.799% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1819 | −0.740% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1820 | −0.738% | $175K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2122 | −0.021% | $204K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2085 | −0.109% | $54K | $165K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2050 | −0.192% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2010 | −0.287% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2000 | −0.311% | $3.9M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2042 | −0.212% | $240K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2091 | −0.095% | $3.9M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2005 | −0.300% | $202K | $62K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0120% | 1h | 4.2136 | +0.012% | $12K | $7K | 10x | as long as short |
| Lighter RH NEARlong | +0.0128% | 1h | 4.2131 | long leg | $1.5M | $7.0M | 10x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2040 | −0.216% | $12.4M | $31.4M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.2133 | +0.005% | $413K | $1.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0369% | 1h | 4.2036 | −0.225% | $1.9M | $2.2M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0382% / S −0.0327% | 1h | 4.2110 | −0.051% | $283K | — | 100x | as long as short |
| Hyperliquid NEAR | +0.0400% | 1h | 4.2169 | +0.090% | $355.9M | $292.5M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0481% | 1h | 4.2091 | −0.095% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0509% | 1h | 4.2105 | −0.062% | $1.9M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.2035 | −0.228% | $1.7M | $2.7M | 10x | as long as short |
| Lighter NEAR | +0.0776% | 1h | 4.2179 | +0.113% | $16.1M | $23.3M | 15x | as long as short |
| HTX NEAR-USDT | +0.0956% | 8h | 4.2110 | −0.050% | $451K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.0959% | 1h | 4.1923 | −0.493% | $5K | $11K | 10x | as long as short |
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
Lighter NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD