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Funding arb · Price arb /

NEAR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0594%/8h= +65.1% APRpaid last 24h +0.229%
Price spread now: Lighter against Aster+0.096%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs+$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Long on AsterShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.778%+$78 on $10k
Price spread, last 7 days+0.076%+$8 · spread now +0.096%, 7d avg +0.125%
Together, before fees+0.853%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread +0.096% now, against its 7-day average of +0.125%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NEARUSDT4.34190.0334pay 0.0334% / 8h2h 16m$2.8M$5.3M50x
ShortLighter NEAR4.34600.0928get 0.0116% / 1h16m 37s$17.0M$25.2M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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
$124.81
Price spread: +0.096% → +0.125%
−$2.9
Slippage, 4 orders
−$16.97
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$96.94
Costs to cover
0.250%
Break-even
1.6 days
Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 7 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 Aster live order book, 2 min ago3.46 bp8.8 bp −$919.3 bp −$193doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago3.08 bp3.3 bp −$313.5 bp −$13575.5 bp −$7,547doesn'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%1h4.3193−0.518%$2K—20xas long as short
dYdX NEAR-USD0.0000%1h4.3389−0.068%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3250−0.389%$163K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.626%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3270−0.342%$114K$497K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3385−0.077%$217.1M$420.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3420+0.003%$61.0M$288.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3050−0.849%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3406−0.029%$32.9M$60.3M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3440+0.049%$52.5M$46.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.3416−0.006%$71.7M$127.0M75xas long as short
Variational Omni NEAR+0.0100%8h4.3197−0.509%$8.4M$18.2M—as long as short
edgeX NEARUSDC+0.0100%4h4.3265−0.354%$261K$956K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3442+0.054%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3236−0.420%$266K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3268−0.347%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3330−0.204%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3330−0.204%$467K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3250−0.388%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3390−0.065%$31K$60810xas long as short
BingX NEAR-USDT+0.0105%8h4.3430+0.026%—$143.5M—as long as short
MEXC NEAR_USDT+0.0109%8h4.3410−0.020%$78.5M$145.1M200xas long as short
Binance NEARUSDT+0.0111%8h4.3429+0.025%$264.4M$1.09B75xas long as short
Aevo NEAR-PERP+0.0112%1h4.3295−0.285%$201K$37K3xas long as short
BloFin NEAR-USDT+0.0229%8h4.3250−0.388%$13.2M$31.7M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3297−0.280%$2.3M$16.2M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0201%1h4.3227−0.441%$231K—100xas long as short
Kalshi KXNEARPERP+0.0316%8h4.3325−0.215%$988K$24.7M2.2xas long as short
Aster NEARUSDTlong+0.0334%8h4.3419long leg$2.8M$5.3M50x
ApeX Omni NEARUSDT+0.0367%1h4.3490+0.165%$167K$795K50xas long as short
Nado NEAR-PERP+0.0403%1h4.3245−0.400%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0504%1h4.3409−0.023%$3.7M$19.5M25xas long as short
SoDEX NEAR-USD+0.0556%1h4.3235−0.423%$5K$52K10xas long as short
Hyperliquid NEAR+0.0661%1h4.3425+0.015%$355.8M$310.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0680%1h4.3248−0.393%$1.3M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0732%1h4.3230−0.435%$7.3M$39.1M50xas long as short
01 Exchange NEARUSD+0.0736%1h4.3490+0.165%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3460+0.095%$225K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3421+0.005%$398K$1.3M10xas long as short
Lighter NEARshort+0.0928%1h4.3460+0.096%$17.0M$25.2M15x
Phoenix NEAR+0.1033%1h4.3541+0.282%$1.8M$2.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1069%1h4.3278−0.324%$2.0M$11.7M25xas long as short
Lighter RH NEAR+0.1112%1h4.3453+0.079%$1.4M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3460+0.097%$689K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1332%1h4.3243−0.404%$5K$12K10xas long as short