Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h +0.036%

Price spread now: Lighter RH against Bitget+0.171%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.468%+$47 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.171%, 7d avg +0.166%

Together, before fees+0.379%+ Points / potential airdropLighter RH: Points live · farm board+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.166%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3315	0.0100	pay 0.0100% / 8h	6h 38m	$71.7M	$123.6M	75x
Short	Lighter RH NEAR	4.3389	0.0640	get 0.0080% / 1h	38m 45s	$1.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.171%Rate

Funding earned: $113.4
Price spread: +0.171% → +0.166%: $0.44
Slippage, 4 orders: −$14.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $87.03
Costs to cover: 0.268%
Break-even: 1.6 days

Slippage from Bitget: live order book, 5 min ago; Lighter RH: live order book, 5 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 Bitget live order book, 5 min ago	1.16 bp	9.7 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.08 bp	3.4 bp −$3	8.6 bp −$86	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	4.3235	−0.185%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3228	−0.201%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3153	−0.374%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3169	−0.337%	$514K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3260	−0.126%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.398%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.477%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3200	−0.265%	$115K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3280	−0.081%	$57K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3136	−0.413%	$408K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3387	+0.167%	$259.2M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3349	+0.078%	$220.4M	$419.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3340	+0.058%	$61.2M	$280.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3230	−0.196%	$205K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	−0.035%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3347	+0.074%	$31.1M	$60.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3370	+0.127%	$75.9M	$137.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3390	+0.173%	$55.8M	$42.8M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3315	long leg	$71.7M	$123.6M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3350	+0.081%	—	$142.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3211	−0.240%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3122	−0.445%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3250	−0.150%	$179K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3254	−0.141%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3390	+0.173%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3325	+0.023%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3410	+0.219%	$442K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3310	−0.012%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3173	−0.329%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3331	+0.037%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3330	+0.035%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3303	−0.028%	$202K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3358	+0.098%	$7.9M	$39.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.219%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0278%	1h	4.3248	−0.154%	$259K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3223	−0.212%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0452%	1h	4.3200	−0.265%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3221	−0.216%	$541K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3150	−0.381%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEARshort	+0.0640%	1h	4.3389	+0.171%	$1.6M	$6.9M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0743%	1h	4.3335	+0.046%	$1.9M	$4.1M	25x	as long as short
Hyperliquid NEAR	+0.0744%	1h	4.3365	+0.115%	$364.2M	$303.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0782%	1h	4.3388	+0.169%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1432%	1h	4.3390	+0.172%	$17.3M	$24.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1488%	1h	4.3177	−0.319%	$5K	$12K	10x	as long as short