Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h +0.044%

Price spread now: Lighter RH against MEXC−0.112%7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.455%+$46 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.112%, 7d avg +0.137%

Together, before fees+0.571%+ Points / potential airdropLighter RH: Points live · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.249% cheaper against MEXC than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.137%). If the spread goes back, that is −$25 on $10k: about 32 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.455% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.4450	0.0100	pay 0.0100% / 8h	5h 29m	$76.8M	$143.0M	200x
Short	Lighter RH NEAR	4.4400	0.0720	get 0.0090% / 1h	29m 24s	$1.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now −0.112%Rate

Funding earned: $130.2
Price spread: −0.112% → +0.137%: −$24.93
Slippage, 4 orders: −$12.98
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $92.29
Costs to cover: 0.130%
Break-even: 2.0 days

Slippage from MEXC: live order book, 5 min ago; Lighter RH: live order book, 4 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 MEXC live order book, 5 min ago	1.13 bp	2.1 bp −$2	3.7 bp −$37	52.8 bp −$5,279	92.8 bp −$46.4K
Sell Lighter RH live order book, 4 min ago	2.58 bp	7.1 bp −$7	13.3 bp −$133	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	4.4417	−0.074%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4314	−0.306%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4341	−0.246%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4224	−0.508%	$638K	$19.6M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4379	−0.160%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4447	−0.006%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.839%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	−0.225%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4326	−0.280%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4462	+0.028%	$269.9M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4430	−0.045%	$223.3M	$419.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4410	−0.090%	$63.7M	$294.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.066%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4431	−0.043%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.4450	long leg	$76.8M	$143.0M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4370	−0.180%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4424	−0.058%	$73.2M	$127.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4450	0.000%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.594%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.062%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.607%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.652%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4456	+0.013%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4445	−0.011%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	−0.270%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4325	−0.281%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4300	−0.337%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.247%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4352	−0.220%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4333	−0.263%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4325	−0.281%	$206K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4160	−0.652%	$13.6M	$31.2M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4414	−0.081%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4450	−0.001%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4354	−0.216%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.4415	−0.079%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4370	−0.180%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0576%	1h	4.4447	−0.007%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0695%	1h	4.4324	−0.282%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEARshort	+0.0720%	1h	4.4400	−0.112%	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0739%	1h	4.4474	+0.054%	$370.4M	$309.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.029%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4386	−0.144%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1288%	1h	4.4397	−0.119%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1651%	1h	4.4260	−0.428%	$6K	$12K	10x	as long as short