Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.049%

Price spread now: GRVT against Lighter RH−0.020%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.419%−$42 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.020%, 7d avg −0.123%

Together, before fees−0.359%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.103% dearer against Lighter RH than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.123%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.2787	0.0336	pay 0.0042% / 1h	22m 59s	$1.5M	$7.0M	10x
Short	GRVT NEAR_USDT_Perp	4.2778	0.0100	get 0.0100% / 8h	22m 59s	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$49.56
Price spread: −0.020% → −0.123%: $10.29
Slippage, 4 orders: −$17.97
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$66.24
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; GRVT: 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, 6 min ago	1.17 bp	2.5 bp −$2	8.7 bp −$87	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	3.51 bp	13.7 bp −$14	30.2 bp −$302	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	4.2659	−0.300%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2585	−0.472%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2627	−0.373%	$110K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2538	−0.582%	$337K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2695	−0.214%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.218%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0062%	8h	4.2470	−0.741%	$7.9M	$18.4M	—	as long as short
Bybit NEARUSDT	+0.0063%	8h	4.2730	−0.133%	$218.1M	$422.0M	75x	as long as short
01 Exchange NEARUSD	+0.0088%	1h	4.2673	−0.266%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2670	−0.273%	$109K	$497K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2621	−0.387%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2760	−0.064%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2638	−0.348%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2752	−0.082%	$253.1M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2740	−0.110%	$60.8M	$285.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2640	−0.344%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.552%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2750	−0.086%	$30.7M	$59.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2750	−0.086%	$78.2M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.040%	$55.6M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2735	−0.122%	$71.0M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2750	−0.086%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2470	−0.740%	$242K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.2778	−0.020%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2500	−0.671%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2694	−0.217%	$195K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2721	−0.154%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2750	−0.086%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2710	−0.180%	$12K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2730	−0.133%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2720	−0.156%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2699	−0.205%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2726	−0.143%	$7.4M	$37.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	−0.250%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEARlong	+0.0336%	1h	4.2787	long leg	$1.5M	$7.0M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2701	−0.200%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2668	−0.278%	$415K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0448%	1h	4.2793	+0.014%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	−0.435%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0709%	1h	4.2645	−0.331%	$1.9M	$3.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0710%	1h	4.2747	−0.093%	$1.9M	$2.5M	25x	as long as short
Hyperliquid NEAR	+0.0739%	1h	4.2800	+0.030%	$367.7M	$298.5M	10x	as long as short
HTX NEAR-USDT	+0.0807%	8h	4.2810	+0.054%	$460K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1146%	1h	4.2647	−0.328%	$6K	$11K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2833	+0.108%	$16.4M	$23.8M	15x	as long as short