Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.144%
Price spread now: Lighter against BloFin+0.200%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.486%+$49 on $10k
Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.200%, 7d avg +0.166%
Together, before fees+0.395%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.034% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.166%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NEAR-USDT4.21300.0220pay 0.0220% / 8h1h 14m$12.4M$31.9M75x
ShortLighter NEAR4.22140.0904get 0.0113% / 1h14m 51s$16.3M$23.6M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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

Funding earned
$143.64
Price spread: +0.200% → +0.166%
$3.39
Slippage, 4 orders
−$18.93
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$116.1
Costs to cover
0.309%
Break-even
1.3 days
Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago1.19 bp9.6 bp −$109.6 bp −$9616.5 bp −$1,64789.2 bp −$44.6K
Sell Lighter live order book, 9 min ago2.17 bp7.1 bp −$719.2 bp −$19276.6 bp −$7,655doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2060−0.166%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.2070−0.142%$2.2M$12.7M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410−1.709%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.2094−0.085%$109K$58K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2113−0.040%$446K$18.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2088−0.099%$208K150xas long as short
Kraken Futures PF_NEARUSD+0.0048%1h4.2114−0.037%$7.7M$36.4M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2090−0.095%$107K$487K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2100−0.070%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2186+0.133%$3.0M$5.7M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.2117−0.031%$364K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2177+0.111%$242.5M$1.06B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2160+0.071%$215.5M$419.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2160+0.071%$58.5M$277.3M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2100−0.071%$227K$1.7M10xas long as short
Gate NEAR_USDT+0.0100%8h4.2162+0.076%$30.1M$58.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2160+0.071%$83.5M$143.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2170+0.095%$55.4M$43.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2158+0.066%$69.9M$124.5M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2170+0.095%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.2040−0.214%$7.8M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.2112−0.042%$246K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2084−0.109%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2120−0.024%$176K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2101−0.069%$204K$3.2M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2071−0.140%$56K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2140+0.024%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2080−0.119%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2090−0.095%$3.9M$8.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2042−0.209%$240K$2K10xas long as short
Extended NEAR-USD+0.0104%1h4.2141+0.027%$3.9M$14.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2082−0.114%$203K$62K3xas long as short
Lighter RH NEAR+0.0112%1h4.2155+0.059%$1.5M$7.0M10xas long as short
01 Exchange NEARUSD+0.0120%1h4.2126−0.009%$12K$7K10xas long as short
BloFin NEAR-USDTlong+0.0220%8h4.2130long leg$12.4M$31.9M75x
Deribit NEAR_USDC-PERPETUAL+0.0249%1h4.2102−0.066%$1.9M$2.2M25xas long as short
RISEx NEAR/USDC+0.0364%1h4.2113−0.040%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0385% / S −0.0332%1h4.2090−0.096%$286K100xas long as short
Hyperliquid NEAR+0.0464%1h4.2225+0.225%$358.3M$294.2M10xas long as short
Nado NEAR-PERP+0.0501%1h4.2085−0.107%$1.9M$3.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0512%1h4.2170+0.095%$1.3M$5.6M20xas long as short
Phoenix NEAR+0.0542%1h4.2164+0.081%$1.7M$2.7M10xas long as short
Lighter NEARshort+0.0904%1h4.2214+0.200%$16.3M$23.6M15x
HTX NEAR-USDT+0.0940%8h4.2160+0.071%$451K$3.5M75xas long as short
Aftermath Perps NEARUSD+0.0983%1h4.2088−0.100%$5K$11K10xas long as short