Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.085%

Price spread now: Lighter RH against SunX−0.016%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1421.425% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.467%+$47 on $10k

Price spread, last 4 days (all we have)−0.275%−$28 · spread now −0.016%, 7d avg −0.008%

Together, before fees+0.192%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4870	0.0100	pay 0.0100% / 8h	6h 55m	$2K	$1.3M	20x
Short	Lighter RH NEAR	4.4863	0.0528	get 0.0066% / 1h	55m 00s	$1.6M	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.016%Rate

Funding earned: $89.88
Price spread: −0.016% → −0.008%: −$0.8
Slippage, 4 orders: −$134.48
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$53.4
Costs to cover: 1.425%
Break-even: 11.2 days

Slippage from SunX: live order book, 9 min ago; Lighter RH: live order book, 3 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 SunX live order book, 9 min ago	31.76 bp	51.6 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.99 bp	4.6 bp −$5	14.3 bp −$143	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	4.4851	−0.043%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0141%	1h	4.4764	−0.236%	$7.3M	$38.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4877	+0.016%	$109K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+1.264%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.711%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4910	+0.089%	$119K	$519K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.4777	−0.207%	$362.4M	$323.9M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4782	−0.195%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4780	−0.201%	$272.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4782	−0.196%	$232.6M	$435.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4730	−0.312%	$63.7M	$306.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4940	+0.156%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5308	+0.976%	$261K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4748	−0.272%	$38.4M	$61.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4780	−0.201%	$79.7M	$163.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4830	−0.089%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4749	−0.270%	$73.9M	$128.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4770	−0.223%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5146	+0.616%	$9.4M	$17.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5342	+1.052%	$268K	$881K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5350	+1.070%	$1.5M	$1.6M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4903	+0.074%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4848	−0.049%	$58K	$269K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4870	long leg	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4825	−0.100%	$5K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4850	−0.045%	$3.4M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4756	−0.253%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4826	−0.098%	$208K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.4920	+0.110%	$32K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0123%	8h	4.4881	+0.025%	$775K	$25.6M	2.2x	as long as short
HTX NEAR-USDT	+0.0129%	8h	4.4950	+0.178%	$476K	$3.8M	75x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.4866	−0.009%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4900	+0.067%	$12.8M	$33.0M	75x	as long as short
Lighter NEAR	+0.0288%	1h	4.4850	−0.045%	$17.6M	$23.4M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0330%	1h	4.4819	−0.114%	$1.9M	$13.1M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.4856	−0.032%	$258K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.4846	−0.053%	$2.3M	$17.9M	50x	as long as short
Lighter RH NEARshort	+0.0528%	1h	4.4863	−0.016%	$1.6M	$6.0M	10x
RISEx NEAR/USDC	+0.0569%	1h	4.4858	−0.027%	$640K	$1.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0685%	1h	4.4796	−0.165%	$1.1M	$7.1M	20x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5188	+0.709%	$1.7M	$2.5M	10x	as long as short
Nado NEAR-PERP	+0.0746%	1h	4.4860	−0.022%	$1.7M	$3.2M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.4937	+0.150%	$424K	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0995%	1h	4.5320	+1.003%	$169K	$827K	50x	as long as short
Aftermath Perps NEARUSD	+0.1262%	1h	4.5235	+0.814%	$6K	$7K	10x	as long as short