Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0760%/8h= +83.3% APRpaid last 24h +0.048%

Price spread now: Lighter RH against Variational Omni+1.480%7-day average +0.124% · 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 RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.323%+$32 on $10k

Price spread, last 7 days−1.396%−$140 · spread now +1.480%, 7d avg +0.124%

Together, before fees−1.072%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$107 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter RH is 1.356% dearer against Variational Omni than usual: you sell high and buy low: +$136 more if the spread goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.3998	0.0072	pay 0.0072% / 8h	6h 21m	$8.6M	$18.6M	—
Short	Lighter RH NEAR	4.4649	0.0832	get 0.0104% / 1h	21m 30s	$1.7M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +1.480%Rate

Funding earned: $159.67
Price spread: +1.480% → +0.124%: $135.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $295.29
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter RH: live order book, 2 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, 3 min ago	3.84 bp	doesn't fit	13.9 bp −$139	33.4 bp −$3,343	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.37 bp	5.0 bp −$5	12.2 bp −$122	doesn't fit	doesn't fit

NEAR on 44 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	4.4458	+1.047%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0170%	8h	4.4450	+1.028%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4448	+1.023%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	+1.268%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4561	+1.280%	$703K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4459	+1.048%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.882%	$578	$302K	12x	as long as short
Variational Omni NEARlong	+0.0072%	8h	4.3998	long leg	$8.6M	$18.6M	—
Popdex NEARUSDT	+0.0096%	1h	4.4690	+1.573%	$112K	$487K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4615	+1.402%	$422K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4710	+1.618%	$271.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4699	+1.594%	$226.4M	$422.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4710	+1.619%	$63.7M	$293.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4700	+1.596%	$213K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	+0.119%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4652	+1.487%	$32.4M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4680	+1.551%	$76.2M	$141.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4540	+1.232%	$54.9M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4658	+1.501%	$73.6M	$125.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4650	+1.482%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4177	+0.408%	$273K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	+0.776%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	+0.414%	$183K	$763K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4501	+1.144%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4470	+1.073%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4560	+1.278%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4465	+1.062%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+1.187%	$456K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4653	+1.489%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4642	+1.464%	$3.9M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4683	+1.557%	$208K	$34K	3x	as long as short
Aster NEARUSDT	+0.0181%	8h	4.4630	+1.438%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0213%	1h	4.4473	+1.080%	$8.1M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0335%	1h	4.4500	+1.142%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0258%	1h	4.4451	+1.030%	$269K	—	100x	as long as short
Nado NEAR-PERP	+0.0362%	1h	4.4687	+1.568%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.4723	+1.648%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4700	+1.595%	$564K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4147	+0.339%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEARshort	+0.0832%	1h	4.4649	+1.480%	$1.7M	$7.0M	10x
Hyperliquid NEAR	+0.0900%	1h	4.4634	+1.446%	$377.2M	$307.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0954%	1h	4.4513	+1.171%	$1.4M	$6.1M	20x	as long as short
Aftermath Perps NEARUSD	+0.1528%	1h	4.4160	+0.369%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.4771	+1.758%	$17.9M	$25.4M	15x	as long as short