NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1291%/8h= −141.3% APRnext payment −$1.61 per $10,000 · paid last 24h −0.312%

Price spread now: Reya against Lighter−0.275%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Reya is 0.275% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.4535	0.1120	pay 0.0140% / 1h	5m 19s	$17.9M	$27.1M	15x
Short	Reya NEARRUSDPERP	4.4413	−0.0171	pay 0.0021% / 1h	5m 19s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.275%Rate

Funding earned: −$271.08
Price spread: −0.275% → 0.000%: −$27.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$304.54
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.

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, 3 min ago	2.13 bp	4.0 bp −$4	21.8 bp −$218	86.6 bp −$8,659	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 NEARRUSDPERPshort	−0.0171%	1h	4.4413	−0.275%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4511	−0.055%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4480	−0.125%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4675	+0.314%	$561K	$21.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4439	−0.217%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.018%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4500	−0.079%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4503	−0.072%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4481	−0.121%	$273.0M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4440	−0.214%	$222.8M	$428.8M	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	4.4420	−0.259%	$63.5M	$304.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+2.091%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4433	−0.230%	$32.3M	$65.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4450	−0.192%	$76.3M	$149.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4450	−0.192%	$55.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4425	−0.248%	$73.2M	$130.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4440	−0.214%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	−0.110%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	+1.031%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.742%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+1.762%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4499	−0.082%	$257K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4448	−0.196%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4530	−0.012%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4502	−0.075%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4550	+0.033%	$460K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4540	+0.011%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4433	−0.229%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4465	−0.158%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4424	−0.250%	$4.0M	$19.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4890	+0.796%	$14.2M	$33.7M	75x	as long as short
Aster NEARUSDT	+0.0284%	8h	4.4480	−0.124%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0235%	1h	4.4423	−0.252%	$266K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4512	−0.052%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.4459	−0.171%	$1.9M	$4.5M	25x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4560	+0.055%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0480%	1h	4.4450	−0.192%	$1.9M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0540%	1h	4.4633	+0.219%	$1.4M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0691%	1h	4.4572	+0.082%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.4507	−0.064%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0771%	1h	4.4465	−0.158%	$369.7M	$325.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+2.061%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4543	+0.017%	$570K	$1.4M	10x	as long as short
Lighter NEARlong	+0.1120%	1h	4.4535	long leg	$17.9M	$27.1M	15x
Aftermath Perps NEARUSD	+0.1651%	1h	4.5085	+1.234%	$6K	$12K	10x	as long as short