Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.029%

Price spread now: OKX against Lighter RH−0.161%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.161%, 7d avg −0.158%

Together, before fees−0.314%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.158%, so right now this pair is about funding alone: −$7 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	4.2819	0.0344	pay 0.0043% / 1h	46m 07s	$1.5M	$7.0M	10x
Short	OKX NEAR-USDT-SWAP	4.2750	0.0100	get 0.0100% / 8h	46m 07s	$60.9M	$285.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$51.24
Price spread: −0.161% → −0.158%: −$0.35
Slippage, 4 orders: −$13.32
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.91
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; OKX: 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	1.75 bp	2.0 bp −$2	9.3 bp −$93	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.17 bp	9.4 bp −$9	18.0 bp −$180	44.9 bp −$4,487	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	4.2690	−0.302%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2695	−0.290%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2739	−0.186%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2719	−0.234%	$396K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2712	−0.249%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.291%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2730	−0.208%	$108K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0099%	8h	4.2731	−0.206%	$219.5M	$421.8M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2719	−0.234%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2753	−0.154%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2765	−0.126%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2770	−0.114%	$253.3M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.2750	−0.161%	$60.9M	$285.4M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2730	−0.208%	$201K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.423%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2788	−0.072%	$30.2M	$58.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2790	−0.068%	$78.3M	$140.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	−0.161%	$56.0M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2750	−0.161%	$71.0M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2780	−0.091%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	+0.469%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2986	+0.391%	$245K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2963	+0.337%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	+0.399%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2741	−0.182%	$217K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2732	−0.203%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2770	−0.114%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2720	−0.231%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2750	−0.161%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2711	−0.252%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2720	−0.232%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2739	−0.187%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.2754	−0.152%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	−0.208%	$13.0M	$30.7M	75x	as long as short
Lighter RH NEARlong	+0.0344%	1h	4.2819	long leg	$1.5M	$7.0M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0314%	1h	4.2702	−0.274%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2762	−0.134%	$412K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.2829	+0.023%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2919	+0.234%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0814%	1h	4.2705	−0.266%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0876%	8h	4.2830	+0.026%	$457K	$3.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1084%	1h	4.2794	−0.058%	$1.9M	$2.3M	25x	as long as short
Hyperliquid NEAR	+0.1164%	1h	4.2856	+0.086%	$369.3M	$298.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1171%	1h	4.2947	+0.299%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1920%	1h	4.2862	+0.101%	$16.5M	$23.7M	15x	as long as short