NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0436%/8h= +47.7% APRnext payment +$0.54 per $10,000 · paid last 24h −0.152%

Price spread now: Lighter RH against Backpack+0.103%7-day average −0.712% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs+$55as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Backpack Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.194%+$19 · spread now +0.103%, 7d avg −0.712%

Together, before fees+0.244%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter RH is 0.816% dearer against Backpack than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of −0.712%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.3571	0.0684	pay 0.0086% / 1h	15m 32s	$1.3M	$6.6M	20x
Short	Lighter RH NEAR	4.3616	0.1120	get 0.0140% / 1h	15m 32s	$1.4M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Backpack. 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 BackpackbpFee Lighter RHbpOrdersPrice spread, now +0.103%Rate

Funding earned: $91.52
Price spread: +0.103% → −0.712%: $81.56
Slippage, 4 orders: −$16.1
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $146.97
Costs to cover: 0.261%
Break-even: from the start

Slippage from Backpack: live order book, 4 min ago; Lighter RH: live order book, 3 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 Backpack live order book, 4 min ago	2.30 bp	9.2 bp −$9	18.6 bp −$186	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	3.34 bp	4.1 bp −$4	12.0 bp −$120	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	4.3478	−0.213%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3553	−0.042%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0007%	1h	4.3490	−0.187%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.960%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	−0.071%	$115K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3522	−0.112%	$218.0M	$420.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3530	−0.094%	$61.6M	$289.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.196%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3523	−0.110%	$33.1M	$60.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	+0.067%	$52.7M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3538	−0.076%	$71.9M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.214%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3301	−0.619%	$261K	$958K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3442	−0.296%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3487	−0.193%	$268K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3546	−0.057%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3600	+0.067%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.158%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3530	−0.094%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3520	−0.116%	$31K	$608	10x	as long as short
BingX NEAR-USDT	+0.0105%	8h	4.3540	−0.071%	—	$143.5M	—	as long as short
MEXC NEAR_USDT	+0.0111%	8h	4.3570	−0.002%	$81.7M	$145.5M	200x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3540	−0.072%	$202K	$37K	3x	as long as short
Binance NEARUSDT	+0.0116%	8h	4.3580	+0.021%	$265.3M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0229%	8h	4.3250	−0.737%	$13.2M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3549	−0.050%	$2.3M	$16.3M	50x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.3496	−0.172%	$994K	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3474	−0.223%	$233K	—	100x	as long as short
ApeX Omni NEARUSDT	+0.0325%	1h	4.3250	−0.737%	$166K	$795K	50x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3560	−0.025%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0394%	1h	4.3405	−0.381%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.3518	−0.122%	$3.7M	$19.5M	25x	as long as short
SoDEX NEAR-USD	+0.0559%	1h	4.3515	−0.129%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0667%	1h	4.3612	+0.094%	$357.5M	$310.5M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0684%	1h	4.3571	long leg	$1.3M	$6.6M	20x
Kraken Futures PF_NEARUSD	+0.0727%	1h	4.3503	−0.155%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3608	+0.085%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3580	+0.021%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3584	+0.031%	$399K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.3633	+0.143%	$17.1M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3541	−0.069%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEARshort	+0.1120%	1h	4.3616	+0.103%	$1.4M	$7.4M	10x
Deribit NEAR_USDC-PERPETUAL	+0.1153%	1h	4.3547	−0.055%	$2.0M	$11.7M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3569	−0.004%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1301%	1h	4.3254	−0.729%	$5K	$12K	10x	as long as short