Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.032%

Price spread now: SunX against Lighter RH−0.002%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1441.440% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.002%, 7d avg −0.007%

Together, before fees−0.369%+ Points / potential airdropLighter RH: Points live · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$2 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	4.2931	0.0176	pay 0.0022% / 1h	3m 57s	$1.5M	$7.0M	10x
Short	SunX NEAR-USDT	4.2930	0.0100	get 0.0100% / 8h	1h 03m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$15.96
Price spread: −0.002% → −0.007%: $0.42
Slippage, 4 orders: −$136
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$159.53
Costs to cover: 1.440%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; SunX: live order book, 10 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, 5 min ago	6.32 bp	6.5 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	30.83 bp	81.0 bp −$81	doesn't fit	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	4.2887	−0.103%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2872	−0.137%	$2.2M	$13.2M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.543%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2965	+0.080%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3001	+0.163%	$456K	$18.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2908	−0.054%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2905	−0.061%	$7.7M	$36.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2920	−0.026%	$104K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2921	−0.023%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2936	+0.012%	$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	4.2972	+0.095%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2910	−0.049%	$249.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2887	−0.102%	$220.6M	$421.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2900	−0.072%	$60.4M	$284.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2920	−0.026%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−1.430%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2892	−0.091%	$30.4M	$59.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2870	−0.142%	$83.5M	$145.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2920	−0.026%	$56.3M	$43.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2908	−0.054%	$71.3M	$125.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2890	−0.096%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2849	−0.191%	$8.0M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2739	−0.448%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.669%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2740	−0.445%	$179K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2939	+0.019%	$224K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2896	−0.082%	$57K	$194K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2930	−0.002%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.2877	−0.126%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2850	−0.189%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2898	−0.076%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2884	−0.110%	$207K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2978	+0.109%	$13K	$7K	10x	as long as short
Lighter RH NEARlong	+0.0176%	1h	4.2931	long leg	$1.5M	$7.0M	10x
BloFin NEAR-USDT	+0.0220%	8h	4.2910	−0.049%	$12.6M	$32.8M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0286%	1h	4.2917	−0.033%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2937	+0.015%	$414K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0390% / S −0.0335%	1h	4.2912	−0.044%	$293K	—	100x	as long as short
Nado NEAR-PERP	+0.0472%	1h	4.2876	−0.129%	$1.9M	$3.4M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2890	−0.096%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0561%	1h	4.2941	+0.023%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0690%	1h	4.3012	+0.189%	$372.3M	$297.8M	10x	as long as short
HTX NEAR-USDT	+0.0926%	8h	4.3000	+0.161%	$461K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.1012%	1h	4.2684	−0.576%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1048%	1h	4.2998	+0.156%	$16.5M	$23.8M	15x	as long as short