Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0827%/8h= −90.6% APRpaid last 24h −0.057%
Price spread now: Paradex against Lighter RH−0.520%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Paradex is 0.520% cheaper against Lighter RH than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH NEAR4.32650.0928pay 0.0116% / 1h44m 45s$1.5M$7.4M10x
ShortParadex NEAR-USD-PERP4.30400.0101get 0.0101% / 8h3h 44m$31K$60810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
−$173.73
Price spread: −0.520% → 0.000%
−$52
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$229.73
Costs to cover
0.040%
Break-even
never at this rate
Slippage unknown: Lighter RH: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago2.75 bp7.4 bp −$714.8 bp −$148doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3095−0.392%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3049−0.499%$106K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3129−0.315%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.288%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3101−0.379%$2.2M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3080−0.428%$106K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3199−0.152%$265.6M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3103−0.374%$215.3M$428.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3110−0.358%$61.4M$290.3M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3771+1.170%$249K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3143−0.282%$31.6M$60.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3180−0.196%$71.9M$144.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3180−0.196%$53.8M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3131−0.310%$70.8M$129.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3160−0.243%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.3397+0.306%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3444+0.413%$254K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3580+0.728%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3430+0.381%$167K$799K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3115−0.347%$260K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3206−0.136%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3270+0.012%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3130−0.312%$458K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3190−0.173%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERPshort+0.0101%8h4.3040−0.520%$31K$60810x
Aevo NEAR-PERP+0.0104%1h4.3226−0.091%$201K$40K3xas long as short
Kalshi KXNEARPERP+0.0131%8h4.3220−0.104%$640K$23.1M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3260−0.012%$13.7M$32.1M75xas long as short
Pacifica NEAR+0.0263%1h4.3106−0.367%$409K$1.2M10xas long as short
Aster NEARUSDT+0.0313%8h4.3184−0.188%$2.9M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0194%1h4.3111−0.355%$231K100xas long as short
SoDEX NEAR-USD+0.0404%1h4.3204−0.141%$8K$52K10xas long as short
Backpack NEAR_USDC_PERP+0.0477%1h4.3204−0.141%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0528%1h4.3116−0.344%$13K$7K10xas long as short
Hyperliquid NEAR+0.0562%1h4.3174−0.210%$354.5M$319.9M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3150−0.266%$211K$1.6M10xas long as short
Extended NEAR-USD+0.0656%1h4.3141−0.286%$3.8M$19.8M25xas long as short
Kraken Futures PF_NEARUSD+0.0713%1h4.3212−0.123%$7.6M$39.8M50xas long as short
Nado NEAR-PERP+0.0775%1h4.3097−0.388%$1.8M$3.1M10xas long as short
Lighter RH NEARlong+0.0928%1h4.3265long leg$1.5M$7.4M10x
Phoenix NEAR+0.0941%1h4.3717+1.045%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.1162%1h4.3130−0.311%$623K$1.4M10xas long as short
Lighter NEAR+0.1176%1h4.3264−0.001%$17.4M$24.9M15xas long as short
Aftermath Perps NEARUSD+0.1585%1h4.3477+0.490%$5K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.2368%1h4.3281+0.037%$1.9M$8.7M25xas long as short