Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.051%

Price spread now: Gate against Lighter RH−0.143%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.454%−$45 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.143%, 7d avg −0.146%

Together, before fees−0.352%+ Points / potential airdropLighter RH: Points live · farm board−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.146%, so right now this pair is about funding alone: −$11 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	4.4645	0.0456	pay 0.0057% / 1h	42m 06s	$1.6M	$7.2M	10x
Short	Gate NEAR_USDT	4.4581	0.0100	get 0.0100% / 8h	4h 42m	$32.3M	$63.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.143%Rate

Funding earned: −$74.76
Price spread: −0.143% → −0.146%: $0.24
Slippage, 4 orders: −$21
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.52
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Gate: live order book, 2 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	2.35 bp	3.4 bp −$3	10.0 bp −$100	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.46 bp	18.4 bp −$18	29.6 bp −$296	42.9 bp −$4,293	59.6 bp −$29.8K

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	4.4555	−0.201%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4653	+0.018%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4687	+0.095%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4620	−0.056%	$621K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4559	−0.192%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.246%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4600	−0.101%	$118K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4642	−0.008%	$427K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4609	−0.080%	$272.8M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4580	−0.146%	$223.3M	$425.1M	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	4.4570	−0.168%	$63.3M	$303.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.213%	$254K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4581	−0.143%	$32.3M	$63.1M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4610	−0.078%	$75.2M	$147.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4610	−0.078%	$55.4M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4572	−0.164%	$73.3M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4590	−0.123%	—	$147.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.623%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.368%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4375	−0.606%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4230	−0.930%	$170K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4594	−0.114%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4620	−0.056%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4750	+0.235%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4600	−0.101%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4730	+0.190%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4590	−0.123%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4648	+0.006%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4621	−0.053%	$207K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0186%	1h	4.4626	−0.043%	$368.6M	$327.0M	10x	as long as short
Extended NEAR-USD	+0.0192%	1h	4.4573	−0.162%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4550	−0.213%	$14.1M	$33.2M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0220%	1h	4.4616	−0.065%	$1.4M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.4612	−0.074%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4630	−0.034%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4558	−0.195%	$249K	—	100x	as long as short
Lighter RH NEARlong	+0.0456%	1h	4.4645	long leg	$1.6M	$7.2M	10x
Nado NEAR-PERP	+0.0503%	1h	4.4533	−0.250%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4700	+0.123%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0582%	1h	4.4611	−0.076%	$8.3M	$40.2M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0625%	1h	4.4625	−0.045%	$2.0M	$6.8M	25x	as long as short
Lighter NEAR	+0.0688%	1h	4.4668	+0.052%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.278%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4621	−0.054%	$564K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1563%	1h	4.4617	−0.062%	$6K	$12K	10x	as long as short