Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.029%

Price spread now: Lighter RH against KuCoin+0.108%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.434%+$43 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.108%, 7d avg +0.118%

Together, before fees+0.397%+ Points / potential airdropLighter RH: Points live · farm board+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.118%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.2770	0.0100	pay 0.0100% / 8h	40m 01s	$55.9M	$43.5M	75x
Short	Lighter RH NEAR	4.2816	0.0376	get 0.0047% / 1h	40m 01s	$1.5M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.108%Rate

Funding earned: $57.96
Price spread: +0.108% → +0.118%: −$1
Slippage, 4 orders: −$25.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $19.57
Costs to cover: 0.374%
Break-even: 4.6 days

Slippage from KuCoin: live order book, 4 min ago; Lighter RH: live order book, 3 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 KuCoin live order book, 4 min ago	2.35 bp	12.0 bp −$12	42.9 bp −$429	107.7 bp −$10.8K	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.87 bp	4.1 bp −$4	9.9 bp −$99	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	4.2775	+0.011%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2695	−0.175%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2677	−0.218%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2676	−0.220%	$393K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2792	+0.051%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.180%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0083%	8h	4.2723	−0.110%	$219.0M	$422.0M	75x	as long as short
Variational Omni NEAR	+0.0087%	8h	4.2660	−0.258%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	+0.070%	$109K	$496K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2721	−0.115%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2774	+0.009%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2702	−0.159%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2750	−0.047%	$253.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2730	−0.094%	$61.0M	$285.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	−0.047%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	−0.224%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2750	−0.047%	$30.1M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2740	−0.070%	$78.3M	$141.1M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.2770	long leg	$55.9M	$43.5M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2721	−0.115%	$71.0M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2750	−0.047%	—	$138.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	−0.156%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2680	−0.210%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.140%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2831	+0.143%	$199K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2787	+0.040%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	+0.140%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.023%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2780	+0.023%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2717	−0.124%	$3.9M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2777	+0.016%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2788	+0.042%	$7.6M	$37.1M	50x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2809	+0.091%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2700	−0.164%	$13.0M	$30.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0313%	1h	4.2792	+0.052%	$274K	—	100x	as long as short
Lighter RH NEARshort	+0.0376%	1h	4.2816	+0.108%	$1.5M	$7.0M	10x
RISEx NEAR/USDC	+0.0404%	1h	4.2820	+0.116%	$413K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.2795	+0.058%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	−0.124%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0498%	1h	4.2822	+0.122%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0766%	1h	4.2765	−0.012%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0857%	8h	4.2880	+0.257%	$459K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0985%	1h	4.2820	+0.117%	$367.9M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1191%	1h	4.2806	+0.084%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.2878	+0.253%	$16.5M	$23.7M	15x	as long as short