NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0684%/8h= −74.9% APRnext payment −$0.86 per $10,000 · paid last 24h −0.036%

Price spread now: Bulk against Lighter RH−0.249%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Lighter RH Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.319%−$32 on $10k

Price spread, last 4 days (all we have)+0.370%+$37 · spread now −0.249%, 7d avg −0.127%

Together, before fees+0.051%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bulk is 0.123% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.127%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.3664	0.0784	pay 0.0098% / 1h	1m 13s	$1.6M	$7.1M	10x
Short	Bulk NEAR-USD	4.3555	0.0100	get 0.0013% / 1h	1m 13s	$248K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$143.64
Price spread: −0.249% → −0.127%: −$12.29
Slippage, 4 orders: −$28.51
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$191.44
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bulk: 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 Lighter RH live order book, 2 min ago	2.29 bp	2.5 bp −$2	11.2 bp −$112	doesn't fit	doesn't fit
Sell Bulk live order book, 3 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

NEAR on 44 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	4.3477	−0.428%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3541	−0.282%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3501	−0.373%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3522	−0.325%	$553K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3520	−0.330%	$196K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.162%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3510	−0.353%	$114K	$487K	50x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	−0.244%	$8.4M	$18.4M	—	as long as short
Pacifica NEAR	+0.0100%	1h	4.3526	−0.317%	$408K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3553	−0.254%	$264.1M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3520	−0.330%	$219.0M	$417.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3500	−0.376%	$61.9M	$287.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3550	−0.261%	$207K	$1.7M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3555	−0.249%	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3530	−0.307%	$31.4M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3520	−0.330%	$75.7M	$145.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	−0.307%	$53.8M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3537	−0.291%	$71.5M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3530	−0.307%	—	$143.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3594	−0.160%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.283%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3590	−0.169%	$196K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3519	−0.332%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3539	−0.286%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3540	−0.284%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3595	−0.158%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	−0.055%	$455K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	−0.169%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3483	−0.415%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3507	−0.359%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3545	−0.272%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3534	−0.298%	$3.0M	$5.6M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3607	−0.131%	$7.7M	$40.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3518	−0.333%	$254K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3554	−0.252%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0425%	1h	4.3474	−0.435%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3551	−0.260%	$548K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0554%	1h	4.3589	−0.172%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	−0.183%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEARlong	+0.0784%	1h	4.3664	long leg	$1.6M	$7.1M	10x
Backpack NEAR_USDC_PERP	+0.0810%	1h	4.3479	−0.424%	$1.5M	$6.3M	20x	as long as short
Hyperliquid NEAR	+0.0861%	1h	4.3567	−0.221%	$366.7M	$306.1M	10x	as long as short
Aftermath Perps NEARUSD	+0.1664%	1h	4.3639	−0.057%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.3651	−0.029%	$17.4M	$25.8M	15x	as long as short