Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter RH against Aevo+0.206%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$680.676% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.399%+$40 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.206%, 7d avg +0.145%
Together, before fees+0.386%+ Points / potential airdropLighter RH: Points live · farm board+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter RH is 0.060% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.145%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo NEAR-PERP4.26990.0104pay 0.0013% / 1h22m 54s$201K$66K3x
ShortLighter RH NEAR4.27870.0336get 0.0042% / 1h22m 54s$1.5M$7.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$48.72
Price spread: +0.206% → +0.145%
$6.05
Slippage, 4 orders
−$51.61
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$12.84
Costs to cover
0.676%
Break-even
8.8 days
Slippage from Aevo: live order book, 56 min ago; Lighter RH: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 56 min ago21.34 bp32.5 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 6 min ago1.17 bp2.7 bp −$39.2 bp −$92doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2659−0.095%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2585−0.268%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2627−0.168%$110K$62K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2538−0.378%$337K$18.8M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2695−0.009%$201K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.019%$578$302K12xas long as short
Variational Omni NEAR+0.0062%8h4.2470−0.537%$7.9M$18.4Mas long as short
Bybit NEARUSDT+0.0063%8h4.2730+0.072%$218.1M$422.0M75xas long as short
01 Exchange NEARUSD+0.0088%1h4.2673−0.061%$13K$7K10xas long as short
Popdex NEARUSDT+0.0096%1h4.2670−0.068%$109K$497K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NEAR-USD-PERP+0.0100%8h4.2621−0.182%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2760+0.142%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2638−0.143%$399K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2752+0.124%$253.1M$1.08B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2740+0.095%$60.8M$285.9M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2640−0.139%$195K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2551−0.348%$242K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2750+0.119%$30.7M$59.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2750+0.119%$78.2M$141.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2770+0.166%$55.6M$43.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2735+0.084%$71.0M$126.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2750+0.119%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2470−0.536%$242K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2778+0.185%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2500−0.467%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2694−0.012%$195K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2721+0.051%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2750+0.119%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2710+0.025%$12K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2730+0.072%$3.8M$8.6M50xas long as short
Extended NEAR-USD+0.0104%1h4.2720+0.049%$3.9M$16.1M25xas long as short
Aevo NEAR-PERPlong+0.0104%1h4.2699long leg$201K$66K3x
Kraken Futures PF_NEARUSD+0.0119%1h4.2726+0.063%$7.4M$37.3M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.2680−0.045%$13.1M$29.3M75xas long as short
Lighter RH NEARshort+0.0336%1h4.2787+0.206%$1.5M$7.0M10x
GMX NEAR/USD [ETH-USDC]L +0.0375% / S −0.0314%1h4.2701+0.005%$274K100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2668−0.073%$415K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0448%1h4.2793+0.220%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2601−0.230%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0709%1h4.2645−0.126%$1.9M$3.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0710%1h4.2747+0.112%$1.9M$2.5M25xas long as short
Hyperliquid NEAR+0.0739%1h4.2800+0.236%$367.7M$298.5M10xas long as short
HTX NEAR-USDT+0.0807%8h4.2810+0.259%$460K$3.7M75xas long as short
Aftermath Perps NEARUSD+0.1146%1h4.2647−0.123%$6K$11K10xas long as short
Lighter NEAR+0.1696%1h4.2833+0.314%$16.4M$23.8M15xas long as short