Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.059%

Price spread now: Lighter RH against Aster+0.058%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.426%+$43 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.058%, 7d avg +0.097%

Together, before fees+0.418%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.038% cheaper against Aster than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.097%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.426% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.2810	0.0332	pay 0.0332% / 8h	2h 53m	$2.8M	$5.5M	50x
Short	Lighter RH NEAR	4.2835	0.0752	get 0.0094% / 1h	53m 18s	$1.5M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee AsterbpFee Lighter RHbpOrdersPrice spread, now +0.058%Rate

Funding earned: $88.25
Price spread: +0.058% → +0.097%: −$3.83
Slippage, 4 orders: −$19.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $56.54
Costs to cover: 0.279%
Break-even: 2.5 days

Slippage from Aster: live order book, 5 min ago; Lighter RH: live order book, 5 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 Aster live order book, 5 min ago	3.51 bp	11.6 bp −$12	21.8 bp −$218	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.64 bp	1.6 bp −$2	10.9 bp −$109	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	4.2744	−0.153%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2726	−0.196%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2736	−0.172%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.270%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2710	−0.234%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2810	−0.001%	$261.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2759	−0.119%	$212.0M	$426.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	−0.070%	$60.2M	$286.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.381%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2740	−0.164%	$31.9M	$59.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2770	−0.093%	$70.6M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.093%	$52.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2773	−0.086%	$70.8M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2770	−0.093%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.041%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	+0.090%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.047%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2740	−0.164%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2807	−0.007%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2790	−0.047%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	+0.070%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	−0.047%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2722	−0.205%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2738	−0.169%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.093%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0234%	1h	4.2699	−0.258%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2754	−0.131%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2762	−0.112%	$823K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2728	−0.193%	$229K	—	100x	as long as short
Aster NEARUSDTlong	+0.0332%	8h	4.2810	long leg	$2.8M	$5.5M	50x
Lighter NEAR	+0.0440%	1h	4.2834	+0.056%	$16.8M	$24.9M	15x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	+0.047%	$165K	$793K	50x	as long as short
Extended NEAR-USD	+0.0520%	1h	4.2763	−0.109%	$3.7M	$19.9M	25x	as long as short
Hyperliquid NEAR	+0.0596%	1h	4.2752	−0.135%	$349.1M	$311.0M	10x	as long as short
SoDEX NEAR-USD	+0.0636%	1h	4.2775	−0.082%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0648%	1h	4.2767	−0.100%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0649%	1h	4.2721	−0.208%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2772	−0.088%	$7.5M	$38.8M	50x	as long as short
Lighter RH NEARshort	+0.0752%	1h	4.2835	+0.058%	$1.5M	$7.2M	10x
Arcus NEAR-USD	+0.0814%	1h	4.2750	−0.140%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2758	−0.121%	$392K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0966%	1h	4.2800	−0.023%	$1.9M	$10.5M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.147%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2736	−0.172%	$671K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1476%	1h	4.2814	+0.009%	$5K	$12K	10x	as long as short