NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0784%/8h= +85.8% APRnext payment +$0.98 per $10,000 · paid last 24h +0.082%

Price spread now: Lighter RH against Coinbase International+0.137%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.635%+$64 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now +0.137%, 7d avg +0.166%

Together, before fees+0.745%+ Points / potential airdropLighter RH: Points live · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.137% now, against its 7-day average of +0.166%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.635% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.3150	−0.0064	get 0.0008% / 1h	43m 58s	$2.1M	$13.5M	50x
Short	Lighter RH NEAR	4.3209	0.0720	get 0.0090% / 1h	43m 58s	$1.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Coinbase International. 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 Coinbase InternationalbpFee Lighter RHbpOrdersPrice spread, now +0.137%Rate

Funding earned: $164.64
Price spread: +0.137% → +0.166%: −$2.97
Slippage, 4 orders: −$22.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $129.33
Costs to cover: 0.323%
Break-even: 1.5 days

Slippage from Coinbase International: live order book, 5 min ago; Lighter RH: live order book, 5 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 Coinbase International live order book, 5 min ago	5.31 bp	12.3 bp −$12	18.4 bp −$184	626.3 bp −$62.6K	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.88 bp	3.1 bp −$3	7.1 bp −$71	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	4.3023	−0.293%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0064%	1h	4.3150	long leg	$2.1M	$13.5M	50x
dYdX NEAR-USD	0.0000%	1h	4.3256	+0.246%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3238	+0.204%	$551K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3081	−0.160%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.032%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.668%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3130	−0.046%	$115K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3138	−0.028%	$57K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3308	+0.366%	$409K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3258	+0.251%	$259.0M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3232	+0.190%	$220.0M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3250	+0.232%	$61.2M	$279.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3250	+0.232%	$205K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.348%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3226	+0.176%	$31.0M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3200	+0.116%	$76.1M	$137.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3150	0.000%	$55.5M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3252	+0.236%	$71.7M	$123.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3230	+0.185%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.393%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3229	+0.183%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.371%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3147	−0.007%	$223K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.116%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3127	−0.053%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.116%	$440K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3130	−0.046%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3225	+0.173%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3189	+0.091%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3241	+0.212%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3157	+0.016%	$201K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3146	−0.008%	$7.9M	$39.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	+0.162%	$13.2M	$27.6M	75x	as long as short
Nado NEAR-PERP	+0.0356%	1h	4.3065	−0.197%	$1.9M	$3.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0277%	1h	4.3073	−0.179%	$258K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3173	+0.053%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3172	+0.052%	$538K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.888%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0608%	1h	4.3146	−0.009%	$1.9M	$4.1M	25x	as long as short
Lighter RH NEARshort	+0.0720%	1h	4.3209	+0.137%	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0817%	1h	4.3257	+0.248%	$363.9M	$305.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0819%	1h	4.3271	+0.280%	$1.3M	$6.0M	20x	as long as short
Lighter NEAR	+0.1464%	1h	4.3247	+0.224%	$17.2M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1477%	1h	4.3245	+0.221%	$5K	$12K	10x	as long as short