Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1324%/8h= +145.0% APRpaid last 24h +0.231%

Price spread now: Lighter against Gate+0.289%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.787%+$79 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.289%, 7d avg +0.173%

Together, before fees+0.624%+ Points / potential airdropLighter: Season 3 · farm board+$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Lighter is 0.116% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.173%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.787% in total (about 41.1% 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	Gate NEAR_USDT	4.4441	0.0100	pay 0.0100% / 8h	5h 35m	$32.0M	$62.3M	75x
Short	Lighter NEAR	4.4569	0.1424	get 0.0178% / 1h	35m 01s	$17.8M	$25.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.289%Rate

Funding earned: $278.04
Price spread: +0.289% → +0.173%: $11.59
Slippage, 4 orders: −$27.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $246.64
Costs to cover: 0.430%
Break-even: 0.8 days

Slippage from Gate: 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 Gate live order book, 4 min ago	2.74 bp	19.7 bp −$20	31.0 bp −$310	40.4 bp −$4,044	55.0 bp −$27.5K
Sell Lighter live order book, 4 min ago	1.48 bp	1.5 bp −$2	12.9 bp −$129	68.7 bp −$6,870	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	4.4379	−0.140%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4381	−0.135%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4367	−0.167%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4395	−0.104%	$660K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4451	+0.023%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.820%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4390	−0.115%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4382	−0.133%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4500	+0.133%	$269.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4466	+0.056%	$224.1M	$418.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4440	−0.002%	$63.4M	$294.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.046%	$253K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4441	long leg	$32.0M	$62.3M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4480	+0.088%	$76.4M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4510	+0.155%	$56.1M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4459	+0.041%	$73.2M	$126.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4450	+0.020%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.325%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3985	−1.026%	$264K	$987K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4104	−0.758%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4449	+0.018%	$237K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4478	+0.083%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4460	+0.043%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4470	+0.065%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4540	+0.223%	$460K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4480	+0.088%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4383	−0.130%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4440	−0.002%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4505	+0.144%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.3960	−1.082%	$200K	$779K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.268%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0228%	8h	4.4543	+0.229%	$3.0M	$5.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4421	−0.045%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.4401	−0.089%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4453	+0.027%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4430	−0.025%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.4518	+0.173%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4482	+0.092%	$8.3M	$41.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0739%	1h	4.4525	+0.189%	$2.0M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0818%	1h	4.4516	+0.169%	$375.3M	$304.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4543	+0.230%	$1.7M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.671%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4426	−0.033%	$562K	$1.3M	10x	as long as short
Lighter NEARshort	+0.1424%	1h	4.4569	+0.289%	$17.8M	$25.8M	15x
Aftermath Perps NEARUSD	+0.1718%	1h	4.4092	−0.785%	$6K	$12K	10x	as long as short