NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1480%/8h= −162.1% APRnext payment −$1.85 per $10,000 · paid last 24h −0.244%

Price spread now: dYdX against Lighter−0.253%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1261.259% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.939%−$94 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.253%, 7d avg −0.184%

Together, before fees−0.864%+ Points / potential airdropLighter: Season 3 · farm board−$86 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and dYdX is 0.069% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.184%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.939% in total (about -49.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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	Lighter NEAR	4.3664	0.1480	pay 0.0185% / 1h	35m 26s	$17.4M	$24.8M	15x
Short	dYdX NEAR-USD	4.3553	0	get 0.0000% / 1h	35m 26s	$109K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$310.8
Price spread: −0.253% → −0.184%: −$6.92
Slippage, 4 orders: −$115.87
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$443.59
Costs to cover: 1.259%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; dYdX: live order book, 33 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 Lighter live order book, 3 min ago	1.44 bp	6.3 bp −$6	19.0 bp −$190	80.9 bp −$8,094	doesn't fit
Sell dYdX live order book, 33 min ago	53.24 bp	58.2 bp −$58	58.2 bp −$582	82.6 bp −$8,262	132.5 bp −$66.2K

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	4.3668	+0.010%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3611	−0.121%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3553	−0.253%	$109K	$69K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.192%	$522K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3700	+0.081%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.162%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	−0.265%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	−0.169%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3726	+0.142%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3585	−0.182%	$412K	$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	4.3717	+0.121%	$261.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3710	+0.105%	$222.1M	$420.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3710	+0.105%	$61.7M	$283.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3640	−0.055%	$207K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.492%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3689	+0.057%	$31.5M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3700	+0.082%	$76.0M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3630	−0.078%	$56.0M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3670	+0.014%	$72.3M	$123.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3720	+0.128%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.980%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.743%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	−0.605%	$180K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3673	+0.021%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3610	−0.124%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3571	−0.213%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.082%	$445K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3580	−0.192%	$3.9M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3549	−0.263%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3574	−0.206%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3725	+0.140%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0122%	8h	4.3701	+0.085%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3584	−0.182%	$7.7M	$40.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−1.017%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0278%	1h	4.3679	+0.034%	$262K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3669	+0.011%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.3695	+0.071%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3654	−0.022%	$546K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−0.527%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0680%	1h	4.3630	−0.078%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0766%	1h	4.3661	−0.007%	$366.5M	$303.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0783%	1h	4.3607	−0.131%	$1.9M	$4.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0805%	1h	4.3635	−0.066%	$1.4M	$5.9M	20x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3386	−0.636%	$5K	$12K	10x	as long as short
Lighter NEARlong	+0.1480%	1h	4.3664	long leg	$17.4M	$24.8M	15x