Funding you earn now, next payment 05:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.057%
Price spread now: Lighter RH against edgeX−0.330%50s7-day average +0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as 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−$320.319% of the position
Funding, last 7 days+0.430%+$43 on $10k
+Price spread, last 7 days+0.497%+$50 · spread now −0.330%, 7d avg +0.145%
=Together, before fees+0.927%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$93 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.475% cheaper against edgeX than usual: you would sell low and buy high (spread −0.330% now, against its 7-day average of +0.145%). If the spread goes back, that is −$47 on $10k: about 46 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.430% in total) that is about 7.7 days. The two prices were read 50 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 0.430% in total (about 22.4% 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 | edgeX NEARUSDC | 4.3528 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $254K | $951K | 20x |
| Short | Lighter RH NEAR | 4.3384 | 0.0920 | get 0.0115% / 1h | 14m 23s | $1.5M | $7.4M | 10x |
edgeX NEARUSDC
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against edgeX. 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
- $172.2
- Price spread: −0.330% → +0.145%
- −$47.46
- Slippage, 4 orders
- −$22.89
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $92.85
- Costs to cover
- 0.319%
- Break-even
- 3.2 days
Slippage from edgeX: live order book, 29 min ago; Lighter RH: 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 edgeX live order book, 29 min ago | 6.91 bp | 11.9 bp −$12 | 35.0 bp −$350 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.53 bp | 3.8 bp −$4 | 11.5 bp −$115 | 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 | 4.3308 | −0.504% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3311 | −0.497% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3297 | −0.529% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.865% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3493 | −0.079% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3320 | −0.477% | $110K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3350 | −0.408% | $265.0M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3297 | −0.530% | $214.2M | $425.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3310 | −0.500% | $61.3M | $288.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3250 | −0.637% | $246K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3305 | −0.511% | $32.1M | $61.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3350 | −0.408% | $73.5M | $146.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3350 | −0.408% | $53.7M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3318 | −0.481% | $71.4M | $127.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3320 | −0.477% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3447 | −0.184% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDClong | +0.0100% | 4h | 4.3528 | long leg | $254K | $951K | 20x | |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3530 | +0.007% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3500 | −0.063% | $167K | $796K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3343 | −0.424% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3339 | −0.433% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3500 | −0.063% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3460 | −0.155% | $469K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3390 | −0.316% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3300 | −0.522% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3350 | −0.408% | $202K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3410 | −0.270% | $13.5M | $32.1M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3341 | −0.428% | $401K | $1.3M | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0273% | 8h | 4.3465 | −0.144% | $874K | $23.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0323% / S −0.0198% | 1h | 4.3289 | −0.548% | $234K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.3330 | −0.454% | $2.8M | $5.5M | 50x | as long as short |
| SoDEX NEAR-USD | +0.0356% | 1h | 4.3344 | −0.422% | $6K | $53K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.3345 | −0.419% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0564% | 1h | 4.3322 | −0.473% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0576% | 1h | 4.3365 | −0.374% | $355.1M | $314.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0597% | 1h | 4.3369 | −0.364% | $1.3M | $6.8M | 20x | as long as short |
| Extended NEAR-USD | +0.0600% | 1h | 4.3307 | −0.507% | $3.8M | $19.9M | 25x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3360 | −0.385% | $213K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0711% | 1h | 4.3356 | −0.393% | $7.6M | $39.0M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0812% | 1h | 4.3343 | −0.424% | $1.9M | $9.6M | 25x | as long as short |
| Lighter RH NEARshort | +0.0920% | 1h | 4.3384 | −0.330% | $1.5M | $7.4M | 10x | |
| Phoenix NEAR | +0.0941% | 1h | 4.3602 | +0.171% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1056% | 1h | 4.3390 | −0.317% | $17.5M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3351 | −0.406% | $681K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1581% | 1h | 4.3409 | −0.272% | $5K | $13K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
SoDEX NEAR-USD
01 Exchange NEARUSD
Nado NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Extended NEAR-USD
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD