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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.1676%/8h= +183.5% APRnext payment +$2.09 per $10,000 · paid last 24h +0.206%
Price spread now: Lighter against SoDEX−0.209%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.209% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.209% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 10 hours of funding at the current rate (+$50 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.34100.0100pay 0.0013% / 1h3m 26s$5K$51K10x
ShortLighter NEAR4.33190.1776get 0.0222% / 1h3m 26s$17.3M$24.8M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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
$351.96
Price spread: −0.209% → 0.000%
−$20.89
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$323.07
Costs to cover
0.080%
Break-even
0.6 days
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 5 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 SoDEX no order-book sample
Sell Lighter live order book, 5 min ago3.03 bp3.4 bp −$39.9 bp −$9970.7 bp −$7,075doesn't fit
SoDEX: 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
Phemex NEARUSDT−0.0299%8h4.3370−0.092%$3.9M$8.4M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3165−0.563%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0129%1h4.3445+0.081%$8.0M$38.0M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.3380−0.069%$2.2M$13.3M50xas long as short
Kalshi KXNEARPERP0.0000%8h4.3447+0.085%$384K$18.8M2.2xas long as short
dYdX NEAR-USD+0.0004%1h4.3193−0.500%$112K$64K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3160−0.575%$158K150xas long as short
Variational Omni NEAR+0.0010%8h4.3057−0.813%$8.2M$18.8Mas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.607%$578$302K12xas long as short
01 Exchange NEARUSD+0.0048%1h4.3259−0.348%$13K$7K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex NEARUSDT+0.0096%1h4.3220−0.438%$115K$474K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.3181−0.528%$57K$162K20xas long as short
Aster NEARUSDT+0.0100%8h4.3301−0.252%$3.0M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.3228−0.420%$402K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3178−0.533%$257.7M$1.05B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3160−0.576%$221.2M$416.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3150−0.599%$61.2M$276.4M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3260−0.346%$205K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3243−0.386%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3165−0.564%$30.9M$61.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3170−0.553%$74.9M$142.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3210−0.461%$56.0M$42.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3151−0.597%$71.5M$122.3M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3170−0.553%$141.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3270−0.322%$258K$1.1M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3356−0.125%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3140−0.622%$177K$776K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3204−0.475%$203K$3.4M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3530+0.276%$2K$1.4M20xas long as short
SoDEX NEAR-USDlong+0.0100%1h4.3410long leg$5K$51K10x
HTX NEAR-USDT+0.0100%8h4.3560+0.346%$459K$3.6M75xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3173−0.546%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3148−0.603%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3163−0.570%$201K$31K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3250−0.369%$13.2M$27.7M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0308%1h4.3153−0.592%$276K100xas long as short
Nado NEAR-PERP+0.0423%1h4.3192−0.503%$1.9M$3.1M10xas long as short
RISEx NEAR/USDC+0.0428%1h4.3260−0.346%$409K$1.2M10xas long as short
Hyperliquid NEAR+0.0458%1h4.3264−0.336%$367.0M$301.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0464%1h4.3464+0.124%$1.9M$3.9M25xas long as short
Lighter RH NEAR+0.0496%1h4.3282−0.295%$1.6M$7.0M10xas long as short
Backpack NEAR_USDC_PERP+0.0498%1h4.3382−0.065%$1.3M$5.9M20xas long as short
Phoenix NEAR+0.0499%1h4.3218−0.442%$1.8M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.1496%1h4.3263−0.340%$5K$12K10xas long as short
Lighter NEARshort+0.1776%1h4.3319−0.209%$17.3M$24.8M15x