Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.232%

Price spread now: Lighter against Gate+0.407%7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs+$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.842%+$84 on $10k

Price spread, last 7 days−0.230%−$23 · spread now +0.407%, 7d avg +0.172%

Together, before fees+0.612%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.235% dearer against Gate than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3460	0.0100	pay 0.0100% / 8h	4m 28s	$35.8M	$63.2M	75x
Short	Lighter NEAR	4.3637	0.0544	get 0.0068% / 1h	4m 28s	$17.2M	$25.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.407%Rate

Funding earned: $93.24
Price spread: +0.407% → +0.172%: $23.5
Slippage, 4 orders: −$28.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $72.76
Costs to cover: 0.440%
Break-even: 1.5 days

Slippage from Gate: live order book, 4 min ago; Lighter: 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 Gate live order book, 4 min ago	0.91 bp	20.0 bp −$20	25.7 bp −$257	43.4 bp −$4,340	59.7 bp −$29.8K
Sell Lighter live order book, 4 min ago	2.37 bp	7.1 bp −$7	15.3 bp −$153	70.9 bp −$7,092	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	4.3470	+0.024%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3586	+0.290%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3400	−0.137%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3642	+0.419%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.717%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	+0.299%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3422	−0.087%	$219.5M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3430	−0.069%	$61.5M	$295.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.667%	$249K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3460	long leg	$35.8M	$63.2M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	+0.322%	$52.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3423	−0.085%	$71.9M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.205%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.604%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.509%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.506%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3566	+0.244%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3448	−0.028%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.391%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3626	+0.382%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3650	+0.437%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3651	+0.439%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3578	+0.271%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0108%	8h	4.3492	+0.073%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3461	+0.002%	$202K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0135%	1h	4.3525	+0.150%	$350.8M	$316.1M	10x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3470	+0.023%	$88.9M	$154.6M	200x	as long as short
Binance NEARUSDT	+0.0146%	8h	4.3476	+0.037%	$262.7M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0155%	8h	4.3480	+0.046%	—	$144.3M	—	as long as short
HTX NEAR-USDT	+0.0157%	8h	4.3670	+0.483%	$465K	$3.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0172%	8h	4.3557	+0.223%	$951K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3639	+0.412%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.483%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3462	+0.006%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.3534	+0.170%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0468%	1h	4.3716	+0.589%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3572	+0.258%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3653	+0.444%	$1.5M	$6.8M	10x	as long as short
Lighter NEARshort	+0.0544%	1h	4.3637	+0.407%	$17.2M	$25.4M	15x
Arcus NEAR-USD	+0.0638%	1h	4.3620	+0.368%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0828%	1h	4.3643	+0.421%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3643	+0.422%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.932%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3615	+0.356%	$605K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.3615	+0.356%	$5K	$7K	10x	as long as short