Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.236%
Price spread now: OKX against Lighter−0.133%7-day average −0.188% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$240.237% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.826%−$83 on $10k
Price spread, last 7 days−0.029%−$3 · spread now −0.133%, 7d avg −0.188%
Together, before fees−0.855%+ Points / potential airdropLighter: Season 3 · farm board−$85 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.055% dearer against Lighter than usual: you sell high and buy low (spread −0.133% now, against its 7-day average of −0.188%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NEAR4.37780.0424pay 0.0053% / 1h28m 49s$17.3M$23.9M15x
ShortOKX NEAR-USDT-SWAP4.37200.0100get 0.0100% / 8h7h 28m$61.6M$294.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$68.04
Price spread: −0.133% → −0.188%
$5.47
Slippage, 4 orders
−$13.75
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$86.31
Costs to cover
0.237%
Break-even
never at this rate
Slippage from Lighter: live order book, 5 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 5 min ago1.81 bp2.8 bp −$315.5 bp −$15574.3 bp −$7,426doesn't fit
Sell OKX live order book, 5 min ago1.15 bp8.8 bp −$915.8 bp −$15845.2 bp −$4,516doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0431%1h4.3808+0.067%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3683−0.217%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3716−0.143%$107K$65K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3789+0.025%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.410%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810+0.072%$120K$503K50xas long as short
Aster NEARUSDT+0.0100%8h4.3739−0.089%$2.7M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.3748−0.070%$263.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3694−0.193%$220.1M$427.2M75xas long as short
OKX NEAR-USDT-SWAPshort+0.0100%8h4.3720−0.133%$61.6M$294.8M50x
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3790+0.027%$222K$1.5M10xas long as short
Gate NEAR_USDT+0.0100%8h4.3733−0.103%$36.7M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3750−0.065%$90.8M$157.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3770−0.019%$52.5M$45.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3725−0.122%$72.2M$127.5M75xas long as short
Variational Omni NEAR+0.0100%8h4.3688−0.207%$9.0M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.3715−0.145%$253K$896K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3710−0.156%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3730−0.110%$165K$825K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3800+0.050%$273K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3841+0.143%$56K$238K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3840+0.141%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3820+0.095%$5K$49K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3810+0.072%$3.5M$8.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3708−0.160%$252K$3K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3832+0.123%$32K$58510xas long as short
BingX NEAR-USDT+0.0101%8h4.3750−0.065%$83.3Mas long as short
Extended NEAR-USD+0.0104%1h4.3721−0.131%$3.6M$15.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3830+0.118%$204K$40K3xas long as short
Kalshi KXNEARPERP+0.0140%8h4.3840+0.141%$867K$25.5M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3790+0.027%$12.7M$32.4M75xas long as short
Hyperliquid NEAR+0.0249%1h4.3779+0.002%$353.8M$316.3M10xas long as short
Nado NEAR-PERP+0.0258%1h4.3760−0.042%$1.7M$3.1M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3830+0.118%$13K$6K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0353% / S −0.0257%1h4.3679−0.227%$257K100xas long as short
Lighter NEARlong+0.0424%1h4.3778long leg$17.3M$23.9M15x
HTX NEAR-USDT+0.0431%8h4.3940+0.369%$464K$3.7M75xas long as short
Lighter RH NEAR+0.0448%1h4.3782+0.008%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3824+0.104%$2.3M$17.2M50xas long as short
Backpack NEAR_USDC_PERP+0.0526%1h4.3788+0.022%$1.1M$7.1M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3786+0.018%$591K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3837+0.133%$413K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3734−0.101%$1.8M$2.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0845%1h4.3873+0.216%$1.9M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1032%1h4.3744−0.078%$5K$7K10xas long as short