Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.076%

Price spread now: Aster against Lighter RH−0.087%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.448%−$45 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.087%, 7d avg −0.099%

Together, before fees−0.461%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.3244	0.0544	pay 0.0068% / 1h	38m 59s	$1.5M	$6.6M	10x
Short	Aster NEARUSDT	4.3206	0.0205	get 0.0205% / 8h	38m 59s	$2.7M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$71.12
Price spread: −0.087% → −0.099%: $1.17
Slippage, 4 orders: −$15.01
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.96
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Aster: live order book, 5 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 RH live order book, 5 min ago	1.62 bp	2.8 bp −$3	7.8 bp −$78	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.47 bp	8.8 bp −$9	16.6 bp −$166	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	4.3156	−0.203%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3178	−0.153%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3189	−0.128%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3187	−0.132%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.241%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3140	−0.240%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3191	−0.123%	$218.0M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.148%	$60.8M	$291.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	−0.194%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3184	−0.139%	$35.2M	$62.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3210	−0.079%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3192	−0.120%	$71.6M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3337	+0.214%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3338	+0.218%	$251K	$898K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3340	+0.222%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	+0.199%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3163	−0.187%	$282K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3217	−0.062%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	−0.079%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3200	−0.102%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3200	−0.102%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3161	−0.192%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3181	−0.145%	$3.6M	$17.3M	25x	as long as short
HTX NEAR-USDT	+0.0118%	8h	4.3280	+0.083%	$463K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3195	−0.114%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0192%	8h	4.3177	−0.155%	$938K	$25.2M	2.2x	as long as short
Binance NEARUSDT	+0.0199%	8h	4.3210	−0.079%	$262.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0202%	8h	4.3200	−0.102%	$83.1M	$150.4M	200x	as long as short
BingX NEAR-USDC	+0.0205%	8h	4.3190	−0.125%	—	$6.7M	—	as long as short
Aster NEARUSDTshort	+0.0205%	8h	4.3206	−0.087%	$2.7M	$4.8M	50x
Hyperliquid NEAR	+0.0265%	1h	4.3233	−0.025%	$349.0M	$315.0M	10x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.3150	−0.217%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3194	−0.115%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0319%	8h	4.3200	−0.102%	$13.3M	$31.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0393%	1h	4.3222	−0.051%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0469%	1h	4.3147	−0.225%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3272	+0.065%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEARlong	+0.0544%	1h	4.3244	long leg	$1.5M	$6.6M	10x
Arcus NEAR-USD	+0.0638%	1h	4.3160	−0.194%	$225K	$1.6M	10x	as long as short
Lighter NEAR	+0.0760%	1h	4.3197	−0.110%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3199	−0.103%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.324%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3165	−0.183%	$612K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1163%	1h	4.3245	+0.002%	$1.9M	$13.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1262%	1h	4.3284	+0.093%	$5K	$7K	10x	as long as short