NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1448%/8h= +158.6% APRnext payment +$1.81 per $10,000 · paid last 24h +0.244%

Price spread now: Lighter against dYdX+0.205%7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.939%+$94 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.205%, 7d avg +0.184%

Together, before fees+0.912%+ Points / potential airdropLighter: Season 3 · farm board+$91 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Lighter is 0.021% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.184%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.939% in total (about 49.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.81 per $10,000. 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	dYdX NEAR-USD	4.3193	0	get 0.0000% / 1h	42m 50s	$108K	$69K	10x
Short	Lighter NEAR	4.3282	0.1448	get 0.0181% / 1h	42m 50s	$17.3M	$24.6M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.205%Rate

Funding earned: $304.08
Price spread: +0.205% → +0.184%: $2.14
Slippage, 4 orders: −$116.23
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $179.99
Costs to cover: 1.262%
Break-even: 2.9 days

Slippage from dYdX: live order book, 26 min ago; Lighter: live order book, 11 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 dYdX live order book, 26 min ago	53.24 bp	59.6 bp −$60	62.5 bp −$625	85.4 bp −$8,538	138.1 bp −$69.1K
Sell Lighter live order book, 11 min ago	2.13 bp	2.2 bp −$2	20.2 bp −$202	94.9 bp −$9,488	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	4.3174	−0.043%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3217	+0.055%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3193	long leg	$108K	$69K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3228	+0.081%	$558K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3149	−0.102%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.128%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.568%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	+0.109%	$115K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3167	−0.060%	$57K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3212	+0.045%	$408K	$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	4.3012	−0.419%	$257.5M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2966	−0.526%	$218.6M	$419.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2970	−0.516%	$60.8M	$278.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3270	+0.178%	$205K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.248%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3035	−0.366%	$30.9M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3060	−0.308%	$75.9M	$137.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3000	−0.447%	$55.3M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3040	−0.354%	$71.3M	$123.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2980	−0.493%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.293%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3386	+0.447%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.271%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	+0.139%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	+0.178%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3175	−0.042%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	+0.201%	$441K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3210	+0.039%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3205	+0.028%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3161	−0.073%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3041	−0.351%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3165	−0.065%	$201K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3210	+0.039%	$7.9M	$40.0M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	+0.062%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0277%	1h	4.3147	−0.107%	$259K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3276	+0.192%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0395%	1h	4.3185	−0.019%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3271	+0.181%	$539K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.787%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0677%	1h	4.3182	−0.026%	$1.9M	$4.1M	25x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.3271	+0.180%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0795%	1h	4.3208	+0.035%	$363.4M	$305.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0823%	1h	4.3223	+0.069%	$1.4M	$6.0M	20x	as long as short
Lighter NEARshort	+0.1448%	1h	4.3282	+0.205%	$17.3M	$24.6M	15x
Aftermath Perps NEARUSD	+0.1455%	1h	4.3238	+0.104%	$5K	$12K	10x	as long as short