Funding you earn now, next payment 12:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter RH against GMX+0.199%7-day average +0.157% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.199%, 7d avg +0.157%
=Together, before fees+0.090%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.042% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.157%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NEAR/USD [ETH-USDC] | 4.5209 | L +0.0191% / S −0.0033% | pay 0.0024% / 1h | 59m 01s | $243K | — | 100x |
| Short | Lighter RH NEAR | 4.5299 | 0.0312 | get 0.0039% / 1h | 59m 01s | $1.6M | $5.7M | 10x |
GMX NEAR/USD [ETH-USDC]
Lighter RH NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against GMX. 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
- $25.4
- Price spread: +0.199% → +0.157%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $17.56
- Costs to cover
- 0.120%
- Break-even
- 2.2 days
Slippage unknown: GMX: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 1.89 bp | 3.1 bp −$3 | 8.9 bp −$89 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0377% | 1h | 4.5238 | +0.063% | $7.4M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5263 | +0.119% | $2K | — | 20x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5056 | −0.339% | $931K | $26.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5254 | +0.099% | $170K | — | 150x | as long as short |
| dYdX NEAR-USD | +0.0020% | 1h | 4.5008 | −0.444% | $110K | $53K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.403% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5270 | +0.135% | $125K | $505K | 50x | as long as short |
| Nado NEAR-PERP | +0.0100% | 1h | 4.5300 | +0.201% | $1.8M | $3.1M | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5212 | +0.006% | $2.7M | $4.9M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5213 | +0.008% | $272.6M | $1.08B | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
dYdX NEAR-USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Nado NEAR-PERP
Aster NEARUSDT
Binance NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.5200 | −0.020% | $232.2M | $431.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5190 | −0.042% | $64.3M | $303.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4850 | −0.794% | $276K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5211 | +0.004% | $41.3M | $61.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5230 | +0.046% | $72.8M | $167.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5240 | +0.068% | $54.4M | $44.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5188 | −0.047% | $75.2M | $127.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5210 | +0.002% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4983 | −0.500% | $8.8M | $16.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5000 | −0.463% | $267K | $865K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5011 | −0.437% | $1.5M | $1.8M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4990 | −0.485% | $168K | $808K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5271 | +0.137% | $56K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5380 | +0.378% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5330 | +0.267% | $474K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5230 | +0.046% | $3.4M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.5034 | −0.387% | $33K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5189 | −0.044% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5260 | +0.113% | $210K | $38K | 3x | as long as short |
| Lighter NEAR | +0.0184% | 1h | 4.5265 | +0.124% | $17.1M | $24.6M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0191% / S −0.0033% | 1h | 4.5209 | long leg | $243K | — | 100x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5310 | +0.223% | $12.9M | $32.8M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0272% | 1h | 4.5239 | +0.066% | $13K | $4K | 10x | as long as short |
| SoDEX NEAR-USD | +0.0307% | 1h | 4.5245 | +0.079% | $5K | $34K | 10x | as long as short |
| Lighter RH NEARshort | +0.0312% | 1h | 4.5299 | +0.199% | $1.6M | $5.7M | 10x | |
| Arcus NEAR-USD | +0.0343% | 1h | 4.5240 | +0.068% | $228K | $1.4M | 10x | as long as short |
| Hyperliquid NEAR | +0.0374% | 1h | 4.5215 | +0.013% | $363.3M | $312.9M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0478% | 1h | 4.5216 | +0.015% | $647K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0544% | 1h | 4.5314 | +0.232% | $2.4M | $17.8M | 50x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.5098 | −0.246% | $1.7M | $2.4M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.5047 | −0.359% | $424K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0894% | 1h | 4.4976 | −0.515% | $6K | $6K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.1340% | 1h | 4.5273 | +0.141% | $1.1M | $7.2M | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.1424% | 1h | 4.5318 | +0.241% | $190K | $4.1M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1496% | 1h | 4.5332 | +0.272% | $2.0M | $13.0M | 25x | as long as short |
Bybit 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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
BloFin NEAR-USDT
01 Exchange NEARUSD
SoDEX NEAR-USD
Arcus NEAR-USD
Hyperliquid NEAR
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
Backpack NEAR_USDC_PERP
Polymarket Perps NEAR-USD
Deribit NEAR_USDC-PERPETUAL