Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.032%

Price spread now: Lighter RH against Binance−0.066%7-day average +0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.442%+$44 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.066%, 7d avg +0.127%

Together, before fees+0.554%+ Points / potential airdropLighter RH: Points live · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.193% cheaper against Binance than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.127%). If the spread goes back, that is −$19 on $10k: about 2.6 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.2533	0.0100	pay 0.0100% / 8h	7h 31m	$252.1M	$1.06B	75x
Short	Lighter RH NEAR	4.2505	0.0344	get 0.0043% / 1h	31m 52s	$1.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.066%Rate

Funding earned: $51.24
Price spread: −0.066% → +0.127%: −$19.31
Slippage, 4 orders: −$16.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $5.07
Costs to cover: 0.269%
Break-even: 6.3 days

Slippage from Binance: live order book, 12 min ago; Lighter RH: live order book, 2 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 Binance live order book, 12 min ago	1.17 bp	7.2 bp −$7	13.5 bp −$135	36.2 bp −$3,616	99.7 bp −$49.9K
Sell Lighter RH live order book, 2 min ago	3.30 bp	3.5 bp −$4	7.8 bp −$78	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	4.2417	−0.272%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0150%	8h	4.2542	+0.021%	$215.0M	$415.3M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2452	−0.191%	$7.2M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2418	−0.271%	$2.2M	$12.8M	50x	as long as short
Gate NEAR_USDT	−0.0074%	8h	4.2447	−0.203%	$30.4M	$59.3M	75x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2455	−0.184%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−0.552%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2453	−0.188%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2443	−0.212%	$423K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2432	−0.238%	$202K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.641%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2450	−0.195%	$110K	$480K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2466	−0.158%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2416	−0.275%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2467	−0.155%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2442	−0.215%	$397K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.2533	long leg	$252.1M	$1.06B	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2550	+0.040%	$59.7M	$276.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2450	−0.195%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.415%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2550	+0.040%	$77.3M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2580	+0.110%	$55.9M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2547	+0.033%	$70.5M	$124.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2430	−0.242%	—	$141.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−0.918%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−0.908%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	−0.031%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2439	−0.221%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2490	−0.101%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2449	−0.198%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2530	−0.007%	$456K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2450	−0.195%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2536	+0.007%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2440	−0.219%	$198K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0150%	1h	4.2471	−0.146%	$355.8M	$304.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2320	−0.501%	$13.0M	$28.0M	75x	as long as short
Lighter RH NEARshort	+0.0344%	1h	4.2505	−0.066%	$1.6M	$6.9M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0308%	1h	4.2435	−0.231%	$271K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0388%	1h	4.2487	−0.108%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2461	−0.170%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0493%	1h	4.2411	−0.286%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−0.781%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0527%	1h	4.2483	−0.118%	$1.9M	$3.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1332%	1h	4.2489	−0.103%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1920%	1h	4.2565	+0.075%	$17.0M	$24.1M	15x	as long as short