Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0764%/8h= +83.7% APRpaid last 24h +0.065%

Price spread now: Lighter RH against BingX+0.168%7-day average +0.143% · 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−$35as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on BingX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.527%+$53 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.168%, 7d avg +0.143%

Together, before fees+0.463%+ Points / potential airdropLighter RH: Points live · farm board+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter RH is 0.025% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.143%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.527% in total (about 27.5% a year). A funding rate is set anew for every payment. 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	BingX NEAR-USDC	4.2860	0.0100	pay 0.0100% / 8h	2h 51m	—	$6.7M	—
Short	Lighter RH NEAR	4.2932	0.0864	get 0.0108% / 1h	51m 48s	$1.5M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.168%Rate

Funding earned: $160.44
Price spread: +0.168% → +0.143%: $2.45
Slippage, 4 orders: −$27.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $124.94
Costs to cover: 0.380%
Break-even: 1.5 days

Slippage from BingX: live order book, 6 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 BingX live order book, 6 min ago	2.34 bp	17.6 bp −$18	29.1 bp −$291	68.6 bp −$6,860	494.7 bp −$247.4K
Sell Lighter RH live order book, 2 min ago	0.70 bp	1.2 bp −$1	9.8 bp −$98	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	4.2824	−0.084%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2825	−0.082%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2823	−0.087%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.383%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2860	0.000%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2890	+0.070%	$261.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2836	−0.056%	$212.4M	$426.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2850	−0.023%	$60.4M	$286.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	−0.057%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2870	+0.023%	$32.0M	$59.5M	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	4.2880	+0.047%	$70.7M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2890	+0.070%	$53.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2823	−0.086%	$70.8M	$127.9M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.2860	long leg	—	$6.7M	—
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.076%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	−0.026%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.163%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2866	+0.014%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2893	+0.077%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.187%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	+0.117%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	+0.070%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2858	−0.004%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2871	+0.025%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.023%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0228%	1h	4.2850	−0.023%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2865	+0.012%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2855	−0.012%	$828K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2802	−0.134%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.2880	+0.047%	$2.8M	$5.5M	50x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.2838	−0.051%	$3.7M	$19.9M	25x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	−0.070%	$165K	$793K	50x	as long as short
SoDEX NEAR-USD	+0.0631%	1h	4.2875	+0.035%	$6K	$53K	10x	as long as short
Hyperliquid NEAR	+0.0652%	1h	4.2887	+0.063%	$350.2M	$311.1M	10x	as long as short
Lighter NEAR	+0.0656%	1h	4.2933	+0.169%	$16.8M	$25.0M	15x	as long as short
01 Exchange NEARUSD	+0.0664%	1h	4.2937	+0.180%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.2907	+0.110%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2876	+0.038%	$7.6M	$38.8M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2910	+0.117%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2891	+0.072%	$394K	$1.3M	10x	as long as short
Lighter RH NEARshort	+0.0864%	1h	4.2932	+0.168%	$1.5M	$7.2M	10x
Deribit NEAR_USDC-PERPETUAL	+0.1010%	1h	4.2911	+0.119%	$1.9M	$10.6M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.030%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2895	+0.082%	$676K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1468%	1h	4.2880	+0.047%	$5K	$12K	10x	as long as short