Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0815%/8h= +89.2% APRpaid last 24h +0.234%

Price spread now: Lighter against BingX+0.176%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs+$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.878%+$88 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.176%, 7d avg +0.170%

Together, before fees+0.881%+ Points / potential airdropLighter: Season 3 · farm board+$88 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.170%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.3520	0.0105	pay 0.0105% / 8h	2h 14m	—	$6.7M	—
Short	Lighter NEAR	4.3596	0.0920	get 0.0115% / 1h	14m 35s	$17.1M	$25.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.176%Rate

Funding earned: $171.15
Price spread: +0.176% → +0.170%: $0.52
Slippage, 4 orders: −$20.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $141.44
Costs to cover: 0.302%
Break-even: 1.2 days

Slippage from BingX: live order book, 8 min ago; Lighter: live order book, 4 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 BingX live order book, 8 min ago	1.16 bp	12.0 bp −$12	25.3 bp −$253	65.3 bp −$6,527	428.7 bp −$214.3K
Sell Lighter live order book, 4 min ago	2.23 bp	6.4 bp −$6	20.1 bp −$201	67.8 bp −$6,779	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	4.3569	+0.112%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3501	−0.043%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3524	+0.009%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.848%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	+0.046%	$115K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3524	+0.009%	$218.1M	$420.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3540	+0.046%	$61.5M	$289.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.080%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3498	−0.051%	$33.1M	$60.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3560	+0.092%	$52.6M	$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	4.3568	+0.110%	$71.9M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.097%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3301	−0.502%	$261K	$958K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3442	−0.179%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3572	+0.119%	$275K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3579	+0.136%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.253%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3690	+0.391%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3540	+0.046%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3525	+0.011%	$31K	$608	10x	as long as short
BingX NEAR-USDClong	+0.0105%	8h	4.3520	long leg	—	$6.7M	—
Aevo NEAR-PERP	+0.0112%	1h	4.3595	+0.172%	$203K	$37K	3x	as long as short
MEXC NEAR_USDT	+0.0115%	8h	4.3560	+0.092%	$81.8M	$145.5M	200x	as long as short
Binance NEARUSDT	+0.0116%	8h	4.3564	+0.101%	$265.3M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0236%	8h	4.3610	+0.207%	$13.3M	$32.0M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3597	+0.177%	$2.3M	$16.3M	50x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.3553	+0.076%	$994K	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3516	−0.010%	$233K	—	100x	as long as short
ApeX Omni NEARUSDT	+0.0325%	1h	4.3250	−0.620%	$166K	$795K	50x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3540	+0.046%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.3565	+0.103%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.3510	−0.022%	$3.7M	$19.5M	25x	as long as short
SoDEX NEAR-USD	+0.0553%	1h	4.3555	+0.080%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0662%	1h	4.3619	+0.227%	$358.2M	$311.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0689%	1h	4.3611	+0.209%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0726%	1h	4.3533	+0.029%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3567	+0.108%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3560	+0.092%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3550	+0.070%	$399K	$1.3M	10x	as long as short
Lighter NEARshort	+0.0920%	1h	4.3596	+0.176%	$17.1M	$25.2M	15x
Deribit NEAR_USDC-PERPETUAL	+0.0922%	1h	4.3584	+0.147%	$2.0M	$11.7M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3541	+0.048%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3596	+0.175%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3545	+0.057%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1307%	1h	4.3317	−0.465%	$5K	$12K	10x	as long as short