Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.233%
Price spread now: Bybit against Lighter+0.094%7-day average −0.183% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days−0.868%−$87 on $10k
+Price spread, last 7 days−0.248%−$25 · spread now +0.094%, 7d avg −0.183%
=Together, before fees−1.116%+ Points / potential airdropLighter: Season 3 · farm board−$112 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.276% dearer against Lighter than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.183%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NEAR | 4.4984 | 0.0096 | pay 0.0012% / 1h | 1m 37s | $17.0M | $25.2M | 15x |
| Short | Bybit NEARUSDT | 4.5026 | 0.0100 | get 0.0100% / 8h | 5h 01m | $231.5M | $430.2M | 75x |
Lighter NEAR
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0.84
- Price spread: +0.094% → −0.183%
- $27.64
- Slippage, 4 orders
- −$10.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $7.07
- Costs to cover
- 0.214%
- Break-even
- from the start
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago | 1.00 bp | 2.0 bp −$2 | 7.2 bp −$72 | 57.3 bp −$5,730 | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.12 bp | 9.7 bp −$10 | 13.4 bp −$134 | 31.8 bp −$3,184 | 156.9 bp −$78.4K |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0236% | 1h | 4.4845 | −0.309% | $7.3M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4853 | −0.291% | $2K | — | 20x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4953 | −0.069% | $913K | $26.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4835 | −0.331% | $168K | — | 150x | as long as short |
| dYdX NEAR-USD | +0.0020% | 1h | 4.4950 | −0.076% | $110K | $53K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.945% | $578 | $301K | 12x | as long as short |
| 01 Exchange NEARUSD | +0.0088% | 1h | 4.5012 | +0.062% | $13K | $4K | 10x | as long as short |
| Lighter NEARlong | +0.0096% | 1h | 4.4984 | long leg | $17.0M | $25.2M | 15x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5020 | +0.080% | $124K | $505K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5011 | +0.061% | $2.7M | $4.9M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
dYdX NEAR-USD
Injective NEAR/USDC PERP
01 Exchange NEARUSD
Popdex NEARUSDT
Aster NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.5040 | +0.125% | $271.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.5026 | +0.094% | $231.5M | $430.2M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5040 | +0.125% | $64.0M | $302.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4850 | −0.298% | $276K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4976 | −0.018% | $41.0M | $63.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4970 | −0.031% | $72.5M | $171.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4950 | −0.075% | $54.1M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4977 | −0.015% | $74.9M | $127.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4980 | −0.009% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4853 | −0.291% | $8.8M | $16.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4923 | −0.136% | $266K | $864K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4999 | +0.034% | $1.5M | $1.8M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4880 | −0.231% | $168K | $808K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4876 | −0.240% | $192K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4873 | −0.247% | $55K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4940 | −0.098% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4875 | −0.242% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4940 | −0.098% | $470K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4880 | −0.231% | $3.4M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4958 | −0.058% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4960 | −0.054% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4865 | −0.265% | $209K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0105% | 1h | 4.4994 | +0.022% | $361.6M | $312.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.4850 | −0.297% | $241K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5070 | +0.191% | $12.7M | $32.7M | 75x | as long as short |
| Lighter RH NEAR | +0.0256% | 1h | 4.4995 | +0.025% | $1.6M | $6.1M | 10x | as long as short |
| Nado NEAR-PERP | +0.0274% | 1h | 4.4830 | −0.342% | $1.8M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.5030 | +0.102% | $227K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4991 | +0.015% | $646K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.5020 | +0.080% | $2.3M | $17.6M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0562% | 1h | 4.4913 | −0.158% | $1.1M | $7.2M | 20x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.5161 | +0.394% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4967 | −0.038% | $424K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0904% | 1h | 4.4908 | −0.168% | $6K | $6K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1021% | 1h | 4.4915 | −0.153% | $1.9M | $13.0M | 25x | as long as short |
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL