NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h −0.129%

Price spread now: Lighter RH against Phoenix+0.437%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs+$21as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

Price spread, last 7 days−0.523%−$52 · spread now +0.437%, 7d avg −0.066%

Together, before fees−0.821%+ Points / potential airdropLighter RH: Points live · farm board−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.502% dearer against Phoenix than usual: you sell high and buy low (spread +0.437% now, against its 7-day average of −0.066%): +$50 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.2601	0.0463	pay 0.0058% / 1h	23m 11s	$1.8M	$2.7M	10x
Short	Lighter RH NEAR	4.2787	0.0336	get 0.0042% / 1h	23m 11s	$1.5M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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 PhoenixbpFee Lighter RHbpOrdersPrice spread, now +0.437%Rate

Funding earned: −$26.73
Price spread: +0.437% → −0.066%: $50.25
Slippage, 4 orders: −$22.41
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.89
Costs to cover: 0.294%
Break-even: from the start

Slippage from Phoenix: live order book, 5 min ago; Lighter RH: live order book, 5 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 Phoenix live order book, 5 min ago	0.94 bp	12.3 bp −$12	51.2 bp −$512	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.17 bp	2.7 bp −$3	9.2 bp −$92	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	4.2659	+0.135%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2585	−0.038%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2627	+0.062%	$110K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2538	−0.148%	$337K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2695	+0.221%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.796%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0062%	8h	4.2470	−0.307%	$7.9M	$18.4M	—	as long as short
Bybit NEARUSDT	+0.0063%	8h	4.2702	+0.237%	$218.0M	$422.0M	75x	as long as short
01 Exchange NEARUSD	+0.0088%	1h	4.2673	+0.169%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2670	+0.162%	$109K	$497K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2621	+0.048%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2723	+0.287%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2638	+0.087%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2733	+0.310%	$253.0M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2720	+0.279%	$60.7M	$285.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2640	+0.092%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.118%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2671	+0.164%	$30.6M	$59.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2680	+0.185%	$77.8M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2690	+0.209%	$55.5M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2697	+0.225%	$70.9M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2690	+0.209%	—	$140.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2470	−0.307%	$242K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2778	+0.416%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2500	−0.237%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2694	+0.218%	$195K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2721	+0.282%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2750	+0.350%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2710	+0.256%	$12K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2730	+0.303%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2680	+0.186%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2699	+0.231%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2726	+0.293%	$7.4M	$37.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	+0.185%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEARshort	+0.0336%	1h	4.2787	+0.437%	$1.5M	$7.0M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2701	+0.236%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2668	+0.158%	$415K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2568	−0.077%	$1.4M	$5.6M	20x	as long as short
Phoenix NEARlong	+0.0463%	1h	4.2601	long leg	$1.8M	$2.7M	10x
Nado NEAR-PERP	+0.0709%	1h	4.2645	+0.104%	$1.9M	$3.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0710%	1h	4.2747	+0.343%	$1.9M	$2.5M	25x	as long as short
Hyperliquid NEAR	+0.0740%	1h	4.2738	+0.322%	$367.1M	$298.5M	10x	as long as short
HTX NEAR-USDT	+0.0807%	8h	4.2810	+0.491%	$460K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1146%	1h	4.2647	+0.107%	$6K	$11K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2833	+0.546%	$16.4M	$23.8M	15x	as long as short