Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.243%

Price spread now: Lighter against Variational Omni+0.030%7-day average +0.154% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.573%+$57 on $10k

Price spread, last 7 days+0.194%+$19 · spread now +0.030%, 7d avg +0.154%

Together, before fees+0.767%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.124% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.154%). If the spread goes back, that is −$12 on $10k: about 17 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.4367	0.0100	pay 0.0100% / 8h	4h 45m	$8.6M	$18.2M	—
Short	Lighter NEAR	4.4380	0.0680	get 0.0085% / 1h	45m 00s	$17.9M	$26.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.030%Rate

Funding earned: $121.8
Price spread: +0.030% → +0.154%: −$12.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $109.38
Costs to cover: 0.000%
Break-even: 0.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 4 min ago	3.83 bp	doesn't fit	12.4 bp −$124	33.8 bp −$3,380	doesn't fit
Sell Lighter live order book, 9 min ago	2.37 bp	3.6 bp −$4	15.7 bp −$157	75.1 bp −$7,506	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	4.4154	−0.479%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4210	−0.353%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4330	−0.083%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4222	−0.326%	$628K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0005%	1h	4.4194	−0.390%	$178K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.664%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	−0.444%	$116K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4342	−0.055%	$424K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4485	+0.266%	$272.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4510	+0.323%	$223.0M	$425.2M	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	4.4520	+0.345%	$63.0M	$303.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+1.653%	$257K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4439	+0.163%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4470	+0.233%	$75.0M	$147.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4320	−0.105%	$55.0M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4471	+0.235%	$73.1M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4450	+0.188%	—	$6.6M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.4367	long leg	$8.6M	$18.2M	—
edgeX NEARUSDC	+0.0100%	4h	4.4481	+0.256%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4624	+0.580%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4460	+0.210%	$171K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4175	−0.432%	$239K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4217	−0.338%	$56K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	−0.128%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4215	−0.342%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4260	−0.241%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4360	−0.015%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4307	−0.134%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4215	−0.342%	$206K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0162%	1h	4.4491	+0.279%	$367.5M	$326.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0178%	1h	4.4478	+0.251%	$1.4M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0192%	1h	4.4166	−0.454%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4410	+0.097%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4143	−0.504%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0293%	8h	4.4219	−0.333%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0217%	1h	4.4189	−0.401%	$247K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0429%	1h	4.4230	−0.308%	$2.0M	$6.7M	25x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.4354	−0.029%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0568%	1h	4.4146	−0.497%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4520	+0.345%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4241	−0.284%	$8.2M	$40.2M	50x	as long as short
Lighter NEARshort	+0.0680%	1h	4.4380	+0.030%	$17.9M	$26.2M	15x
Phoenix NEAR	+0.0794%	1h	4.4521	+0.348%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4156	−0.476%	$558K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1572%	1h	4.4597	+0.520%	$6K	$12K	10x	as long as short