NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0920%/8h= −100.7% APRnext payment −$1.15 per $10,000 · paid last 24h −0.257%

Price spread now: dYdX against Lighter−0.181%7-day average −0.183% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1861.860% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.972%−$97 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.181%, 7d avg −0.183%

Together, before fees−0.997%+ Points / potential airdropLighter: Season 3 · farm board−$100 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.183%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.4101	0.0920	pay 0.0115% / 1h	20m 37s	$17.8M	$26.5M	15x
Short	dYdX NEAR-USD	4.4022	0	get 0.0000% / 1h	20m 37s	$109K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$193.2
Price spread: −0.181% → −0.183%: $0.21
Slippage, 4 orders: −$176
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$379
Costs to cover: 1.860%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; dYdX: live order book, 38 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 Lighter live order book, 8 min ago	2.32 bp	2.5 bp −$3	19.4 bp −$194	72.3 bp −$7,228	doesn't fit
Sell dYdX live order book, 38 min ago	84.80 bp	91.0 bp −$91	134.1 bp −$1,341	138.4 bp −$13.8K	159.1 bp −$79.6K

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	4.4067	−0.079%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4022	−0.180%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.4022	−0.181%	$109K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4109	+0.017%	$600K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4052	−0.111%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.103%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	−0.071%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4054	−0.108%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4100	−0.003%	$270.8M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4040	−0.139%	$221.5M	$424.3M	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	4.4050	−0.117%	$62.6M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.007%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4083	−0.042%	$32.0M	$63.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4080	−0.049%	$74.3M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4060	−0.094%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4073	−0.064%	$72.4M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4070	−0.071%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.101%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	+0.237%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	+0.246%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	−0.117%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4108	+0.015%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4075	−0.060%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4180	+0.178%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4140	+0.088%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4110	+0.020%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4037	−0.147%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4105	+0.008%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0106%	1h	4.4055	−0.105%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	+0.020%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0296%	1h	4.4099	−0.005%	$1.4M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4095	−0.016%	$3.0M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0305%	1h	4.4084	−0.039%	$363.6M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4120	+0.042%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4035	−0.151%	$233K	—	100x	as long as short
Extended NEAR-USD	+0.0352%	1h	4.4044	−0.131%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0540%	1h	4.4065	−0.083%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4120	+0.042%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4086	−0.034%	$8.1M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0608%	1h	4.4108	+0.015%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0749%	1h	4.4093	−0.019%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.425%	$1.8M	$2.8M	10x	as long as short
Lighter NEARlong	+0.0920%	1h	4.4101	long leg	$17.8M	$26.5M	15x
RISEx NEAR/USDC	+0.0926%	1h	4.4119	+0.041%	$590K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1487%	1h	4.4118	+0.037%	$5K	$12K	10x	as long as short