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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0324%/8h= +35.4% APRpaid last 24h +0.236%
Price spread now: Lighter against Paradex+0.081%7-day average · you sell dearer than you buy
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 airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.081% dearer against Paradex than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NEAR-USD-PERP4.36990.0100pay 0.0100% / 8h7h 30m$32K$58510x
ShortLighter NEAR4.37340.0424get 0.0053% / 1h30m 11s$17.3M$23.9M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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
$67.97
Price spread: +0.081% → 0.000%
$8.08
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
$72.05
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 9 min ago. 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 Paradex no order-book sample
Sell Lighter live order book, 9 min ago2.56 bp2.6 bp −$39.3 bp −$9368.9 bp −$6,890doesn't fit
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
Kraken Futures PF_NEARUSD−0.0432%1h4.3677−0.050%$7.2M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3683−0.036%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3686−0.031%$107K$65K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3680−0.044%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.238%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3720+0.048%$120K$503K50xas long as short
Aster NEARUSDT+0.0100%8h4.3680−0.043%$2.7M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.3709+0.023%$263.5M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3690−0.020%$220.0M$427.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3690−0.020%$61.6M$294.8M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3750+0.117%$222K$1.5M10xas long as short
Gate NEAR_USDT+0.0100%8h4.3687−0.027%$36.6M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3690−0.020%$90.3M$157.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3720+0.048%$52.5M$45.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3679−0.046%$72.1M$127.5M75xas long as short
Variational Omni NEAR+0.0100%8h4.3688−0.025%$9.0M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.3563−0.311%$253K$895K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3640−0.134%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3550−0.341%$164K$825K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3710+0.025%$273K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.36990.000%$56K$239K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3780+0.186%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3695−0.009%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3700+0.003%$3.5M$8.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3708+0.022%$252K$3K10xas long as short
Paradex NEAR-USD-PERPlong+0.0100%8h4.3699long leg$32K$58510x
Extended NEAR-USD+0.0104%1h4.3649−0.115%$3.6M$15.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3702+0.006%$203K$40K3xas long as short
BingX NEAR-USDT+0.0107%8h4.3680−0.043%$83.2Mas long as short
Kalshi KXNEARPERP+0.0140%8h4.3685−0.032%$862K$25.4M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3730+0.071%$12.7M$32.3M75xas long as short
Hyperliquid NEAR+0.0240%1h4.3748+0.112%$353.5M$316.3M10xas long as short
Nado NEAR-PERP+0.0267%1h4.3692−0.015%$1.7M$3.1M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3740+0.094%$13K$6K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0353% / S −0.0257%1h4.3679−0.046%$257K100xas long as short
HTX NEAR-USDT+0.0414%8h4.3830+0.300%$463K$3.7M75xas long as short
Lighter NEARshort+0.0424%1h4.3734+0.081%$17.3M$23.9M15x
Lighter RH NEAR+0.0472%1h4.3747+0.110%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3786+0.199%$2.3M$17.2M50xas long as short
Backpack NEAR_USDC_PERP+0.0519%1h4.3716+0.039%$1.1M$7.1M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3729+0.068%$591K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3695−0.009%$412K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0735%1h4.3710+0.025%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.0740%1h4.3734+0.080%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1034%1h4.3730+0.072%$5K$7K10xas long as short