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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0569%/8h= −62.3% APRnext payment $0.71 per $10,000 · paid last 24h −0.094%
Price spread now: Lighter against Aftermath Perps−0.027%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Lighter is 0.027% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps NEARUSD4.36360.1113pay 0.0139% / 1h49m 39s$5K$7K10x
ShortLighter NEAR4.36240.0544get 0.0068% / 1h49m 39s$17.2M$23.8M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aftermath Perps. 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
−$119.5
Price spread: −0.027% → 0.000%
−$2.73
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$131.24
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Lighter live order book, 4 min ago1.48 bp3.4 bp −$314.1 bp −$14165.7 bp −$6,565doesn't fit
Aftermath Perps: 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 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
Kraken Futures PF_NEARUSD−0.0434%1h4.3517−0.274%$7.2M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3505−0.300%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3573−0.145%$107K$67K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3694+0.134%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.101%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3580−0.128%$118K$503K50xas long as short
Hyperliquid NEAR+0.0100%1h4.3552−0.192%$350.8M$316.8M10xas long as short
Aster NEARUSDT+0.0100%8h4.3567−0.159%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3584−0.119%$219.9M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3610−0.059%$61.4M$296.0M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3720+0.193%$229K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3688+0.119%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3682+0.106%$36.2M$61.7M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3600−0.082%$52.8M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3697+0.140%$72.2M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3688+0.119%$9.0M$18.3Mas long as short
edgeX NEARUSDC+0.0100%4h4.3651+0.035%$253K$894K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3670+0.079%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3660+0.055%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3556−0.183%$272K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3536−0.229%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3640+0.009%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3520−0.266%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3520−0.266%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3583−0.121%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3689+0.122%$3.6M$16.0M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.3525−0.254%$202K$40K3xas long as short
Binance NEARUSDT+0.0122%8h4.3614−0.051%$263.2M$1.09B75xas long as short
MEXC NEAR_USDT+0.0126%8h4.3600−0.082%$90.2M$153.1M200xas long as short
BingX NEAR-USDT+0.0133%8h4.3700+0.147%$83.0Mas long as short
Kalshi KXNEARPERP+0.0155%8h4.3577−0.135%$922K$25.1M2.2xas long as short
BloFin NEAR-USDT+0.0246%8h4.3710+0.170%$12.5M$32.2M75xas long as short
01 Exchange NEARUSD+0.0264%1h4.3709+0.167%$13K$7K10xas long as short
Nado NEAR-PERP+0.0332%1h4.3521−0.262%$1.6M$3.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0346% / S −0.0248%1h4.3520−0.267%$254K100xas long as short
HTX NEAR-USDT+0.0382%8h4.3640+0.009%$461K$3.8M75xas long as short
Lighter RH NEAR+0.0392%1h4.3618−0.041%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3690+0.124%$2.3M$17.0M50xas long as short
Backpack NEAR_USDC_PERP+0.0541%1h4.3544−0.211%$1.1M$7.2M20xas long as short
Lighter NEARshort+0.0544%1h4.3624−0.027%$17.2M$23.8M15x
Deribit NEAR_USDC-PERPETUAL+0.0554%1h4.3556−0.183%$1.9M$13.1M25xas long as short
RISEx NEAR/USDC+0.0656%1h4.3699+0.144%$592K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3596−0.091%$411K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3750+0.261%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSDlong+0.1113%1h4.3636long leg$5K$7K10x