NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0656%/8h= +71.8% APRnext payment +$0.82 per $10,000 · paid last 24h +0.045%

Price spread now: Lighter RH against Extended−0.025%7-day average +0.189% · you buy dearer than you sell

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.436%+$44 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.025%, 7d avg +0.189%

Together, before fees+0.472%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.214% cheaper against Extended than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.189%). If the spread goes back, that is −$21 on $10k: about 26 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.436% in total) that is about 3.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.436% in total (about 22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.82 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	Extended NEAR-USD	4.3726	0.0104	pay 0.0013% / 1h	48m 44s	$3.8M	$18.5M	25x
Short	Lighter RH NEAR	4.3715	0.0760	get 0.0095% / 1h	48m 44s	$1.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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 ExtendedbpFee Lighter RHbpOrdersPrice spread, now −0.025%Rate

Funding earned: $137.76
Price spread: −0.025% → +0.189%: −$21.39
Slippage, 4 orders: −$12.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $98.45
Costs to cover: 0.179%
Break-even: 2.0 days

Slippage from Extended: 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 Extended live order book, 5 min ago	0.23 bp	4.5 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.82 bp	3.8 bp −$4	11.3 bp −$113	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	4.3538	−0.429%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3541	−0.423%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	−0.041%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.333%	$548K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.412%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.296%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.265%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3705	−0.047%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3682	−0.099%	$265.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3764	+0.087%	$221.2M	$416.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3720	−0.013%	$62.2M	$288.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.157%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3666	−0.137%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	+0.033%	$75.4M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3810	+0.193%	$54.7M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3663	−0.144%	$71.7M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3670	−0.128%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.459%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.171%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.421%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.147%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	−0.274%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.381%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3710	−0.036%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3565	−0.368%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	−0.196%	$456K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	−0.265%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3732	+0.015%	$32K	$608	10x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.3726	long leg	$3.8M	$18.5M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3575	−0.345%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.3752	+0.059%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0232%	1h	4.3575	−0.345%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.3550	−0.401%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3689	−0.084%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	−0.059%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3539	−0.427%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0658%	1h	4.3688	−0.086%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3586	−0.319%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEARshort	+0.0760%	1h	4.3715	−0.025%	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0763%	1h	4.3720	−0.013%	$368.2M	$304.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.499%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	−0.111%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1208%	1h	4.3728	+0.005%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.075%	$6K	$12K	10x	as long as short