Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1572%/8h= +172.1% APRpaid last 24h +0.218%

Price spread now: Lighter against Bitget+0.298%7-day average +0.194% · you sell dearer than you buy

Net, funding: paid 7d − costs+$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.796%+$80 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.298%, 7d avg +0.194%

Together, before fees+0.701%+ Points / potential airdropLighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Lighter is 0.103% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.194%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.796% in total (about 41.5% 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	Bitget NEARUSDT	4.4201	0.0100	pay 0.0100% / 8h	6h 24m	$73.3M	$124.2M	75x
Short	Lighter NEAR	4.4333	0.1672	get 0.0209% / 1h	24m 42s	$17.7M	$25.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.298%Rate

Funding earned: $330.12
Price spread: +0.298% → +0.194%: $10.34
Slippage, 4 orders: −$11.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $316.66
Costs to cover: 0.238%
Break-even: 0.3 days

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.26 bp	10.2 bp −$10	17.6 bp −$176	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.60 bp	2.6 bp −$3	22.8 bp −$228	99.0 bp −$9,897	doesn't fit

NEAR on 44 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	4.4130	−0.161%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4139	−0.140%	$2.3M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4207	+0.014%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4126	−0.170%	$622K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4169	−0.073%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.314%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−0.460%	$8.6M	$18.6M	—	as long as short
Phemex NEARUSDT	+0.0076%	8h	4.4170	−0.070%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	−0.025%	$113K	$482K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4222	+0.048%	$418K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4248	+0.106%	$267.0M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4031	−0.385%	$223.6M	$419.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4040	−0.364%	$62.9M	$287.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4180	−0.048%	$209K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−0.342%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4232	+0.070%	$32.0M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4050	−0.342%	$76.5M	$140.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	+0.066%	$56.5M	$42.8M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4201	long leg	$73.3M	$124.2M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4250	+0.111%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4063	−0.312%	$272K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4048	−0.347%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	−0.771%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4189	−0.027%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4180	−0.048%	$61K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4240	+0.088%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4175	−0.059%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4270	+0.156%	$459K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4110	−0.207%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4228	+0.061%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4190	−0.025%	$206K	$34K	3x	as long as short
Aster NEARUSDT	+0.0162%	8h	4.4240	+0.088%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0214%	1h	4.4220	+0.043%	$8.1M	$40.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0356% / S −0.0267%	1h	4.4167	−0.076%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0397%	1h	4.4161	−0.092%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4221	+0.045%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4217	+0.036%	$561K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4147	−0.122%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0633%	1h	4.4227	+0.059%	$1.9M	$4.2M	25x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4288	+0.197%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0869%	1h	4.4288	+0.197%	$374.8M	$305.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0923%	1h	4.4244	+0.097%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1488%	1h	4.3970	−0.522%	$6K	$12K	10x	as long as short
Lighter NEARshort	+0.1672%	1h	4.4333	+0.298%	$17.7M	$25.2M	15x