NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0414%/8h= +45.4% APRnext payment +$0.52 per $10,000 · paid last 24h −0.152%

Price spread now: Lighter RH against Backpack+0.043%7-day average −0.712% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs+$53as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Backpack Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.254%+$25 · spread now +0.043%, 7d avg −0.712%

Together, before fees+0.304%+ Points / potential airdropLighter RH: Points live · farm board+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter RH is 0.755% dearer against Backpack than usual: you sell high and buy low: +$76 more if the spread goes back to its 7-day average of −0.712%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4127	0.0698	pay 0.0087% / 1h	4m 39s	$1.3M	$6.5M	20x
Short	Lighter RH NEAR	4.4146	0.1112	get 0.0139% / 1h	4m 39s	$1.5M	$7.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Backpack. 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 BackpackbpFee Lighter RHbpOrdersPrice spread, now +0.043%Rate

Funding earned: $87
Price spread: +0.043% → −0.712%: $75.54
Slippage, 4 orders: −$12.15
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $140.39
Costs to cover: 0.222%
Break-even: from the start

Slippage from Backpack: live order book, 4 min ago; Lighter RH: live order book, 4 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 Backpack live order book, 4 min ago	1.71 bp	6.7 bp −$7	16.1 bp −$161	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.83 bp	2.6 bp −$3	8.4 bp −$84	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	4.4098	−0.066%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4099	−0.065%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4048	−0.179%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.157%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	+0.097%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4140	+0.029%	$221.8M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4140	+0.029%	$62.4M	$294.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.421%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4130	+0.007%	$33.7M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4150	+0.052%	$53.2M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4160	+0.075%	$72.8M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.159%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4038	−0.202%	$257K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4140	+0.029%	$283K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4068	−0.134%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4130	+0.007%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.120%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4070	−0.129%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4101	−0.059%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.152%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4080	−0.107%	$205K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0133%	8h	4.4170	+0.097%	—	$143.6M	—	as long as short
MEXC NEAR_USDT	+0.0142%	8h	4.4150	+0.052%	$83.8M	$146.6M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4193	+0.150%	$268.6M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4121	−0.014%	$2.3M	$16.3M	50x	as long as short
BloFin NEAR-USDT	+0.0262%	8h	4.4150	+0.052%	$13.3M	$32.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4067	−0.136%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0314%	8h	4.4234	+0.242%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0342%	8h	4.4180	+0.120%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.4135	+0.018%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0434%	1h	4.4030	−0.220%	$168K	$797K	50x	as long as short
Extended NEAR-USD	+0.0456%	1h	4.4139	+0.027%	$3.7M	$19.2M	25x	as long as short
SoDEX NEAR-USD	+0.0498%	1h	4.4085	−0.095%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0676%	1h	4.4130	+0.007%	$363.0M	$311.2M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0698%	1h	4.4127	long leg	$1.3M	$6.5M	20x
01 Exchange NEARUSD	+0.0712%	1h	4.4229	+0.231%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.4081	−0.104%	$7.3M	$39.2M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4210	+0.188%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4124	−0.007%	$404K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4150	+0.052%	$17.3M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.258%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEARshort	+0.1112%	1h	4.4146	+0.043%	$1.5M	$7.5M	10x
RISEx NEAR/USDC	+0.1220%	1h	4.4204	+0.173%	$703K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1251%	1h	4.3841	−0.649%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1681%	1h	4.4115	−0.027%	$2.0M	$12.1M	25x	as long as short