Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h +0.057%

Price spread now: Lighter RH against BingX+0.247%7-day average +0.143% · 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−$25as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on BingX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.517%+$52 on $10k

Price spread, last 7 days−0.143%−$14 · spread now +0.247%, 7d avg +0.143%

Together, before fees+0.374%+ Points / potential airdropLighter RH: Points live · farm board+$37 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 0.104% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.143%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.517% in total (about 27.0% a year). A funding rate is set anew for every payment. 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	BingX NEAR-USDC	4.3280	0.0100	pay 0.0100% / 8h	3h 42m	—	$6.6M	—
Short	Lighter RH NEAR	4.3387	0.0856	get 0.0107% / 1h	42m 53s	$1.5M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BingX. 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 BingXbpFee Lighter RHbpOrdersPrice spread, now +0.247%Rate

Funding earned: $158.76
Price spread: +0.247% → +0.143%: $10.38
Slippage, 4 orders: −$24.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $134.21
Costs to cover: 0.349%
Break-even: 1.1 days

Slippage from BingX: live order book, 9 min ago; Lighter RH: live order book, 6 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 BingX live order book, 9 min ago	1.15 bp	14.3 bp −$14	30.3 bp −$303	67.6 bp −$6,758	423.3 bp −$211.7K
Sell Lighter RH live order book, 6 min ago	2.75 bp	2.9 bp −$3	9.4 bp −$94	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	4.3355	+0.173%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3308	+0.064%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3315	+0.080%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.321%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3406	+0.291%	$2.3M	$16.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3360	+0.185%	$108K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3306	+0.061%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3270	−0.023%	$215.6M	$427.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3280	0.000%	$61.6M	$291.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.277%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3255	−0.058%	$31.7M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3310	+0.069%	$73.6M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3310	+0.069%	$53.8M	$46.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3274	−0.014%	$71.0M	$128.8M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.3280	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.271%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.379%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	−0.152%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3100	−0.416%	$166K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3398	+0.273%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3356	+0.176%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3450	+0.393%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3500	+0.508%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3370	+0.208%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3306	+0.060%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3350	+0.162%	$202K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.3392	+0.259%	$654K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3390	+0.254%	$13.8M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3342	+0.143%	$412K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3310	+0.068%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0194%	1h	4.3316	+0.083%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0421%	1h	4.3318	+0.088%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3350	+0.162%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3423	+0.330%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0614%	1h	4.3338	+0.135%	$355.9M	$320.6M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3420	+0.323%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0672%	1h	4.3255	−0.058%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0697%	1h	4.3380	+0.231%	$1.8M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3327	+0.109%	$7.6M	$39.6M	50x	as long as short
Lighter RH NEARshort	+0.0856%	1h	4.3387	+0.247%	$1.5M	$7.4M	10x
Phoenix NEAR	+0.0941%	1h	4.3302	+0.051%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0997%	1h	4.3357	+0.178%	$2.0M	$8.8M	25x	as long as short
Lighter NEAR	+0.1144%	1h	4.3390	+0.255%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3430	+0.347%	$627K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1582%	1h	4.3407	+0.294%	$5K	$12K	10x	as long as short