Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0979%/8h= −107.2% APRpaid last 24h −0.231%

Price spread now: Paradex against Lighter−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Paradex is 0.077% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.4011	0.1080	pay 0.0135% / 1h	51m 05s	$17.6M	$25.5M	15x
Short	Paradex NEAR-USD-PERP	4.3977	0.0101	get 0.0101% / 8h	5h 51m	$32K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$205.57
Price spread: −0.077% → 0.000%: −$7.73
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$217.29
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; Paradex: no order-book sample. Net counts fees only.

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, 8 min ago	2.24 bp	5.4 bp −$5	17.3 bp −$173	80.1 bp −$8,007	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3913	−0.223%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3907	−0.236%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3879	−0.299%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3889	−0.277%	$550K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3918	−0.209%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.909%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3920	−0.206%	$115K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3954	−0.129%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3872	−0.315%	$266.3M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3834	−0.401%	$221.6M	$416.6M	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	4.3790	−0.501%	$62.5M	$289.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.804%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3876	−0.306%	$31.6M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3940	−0.161%	$75.9M	$139.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3950	−0.138%	$54.8M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3823	−0.426%	$71.9M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3880	−0.297%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	−0.191%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	−0.478%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3770	−0.547%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	−0.501%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3957	−0.122%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3955	−0.127%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3980	−0.070%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3935	−0.172%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4060	+0.112%	$460K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3940	−0.161%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0101%	8h	4.3977	−0.077%	$32K	$608	10x
Extended NEAR-USD	+0.0104%	1h	4.3826	−0.420%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3942	−0.156%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0202%	8h	4.3956	−0.123%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0342%	1h	4.3898	−0.257%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3918	−0.210%	$257K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3943	−0.154%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3920	−0.206%	$209K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0478%	1h	4.3974	−0.083%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0695%	1h	4.3922	−0.202%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0701%	1h	4.3967	−0.100%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0776%	1h	4.3949	−0.140%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0809%	1h	4.3947	−0.145%	$370.3M	$304.3M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	−0.152%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3923	−0.199%	$554K	$1.3M	10x	as long as short
Lighter NEARlong	+0.1080%	1h	4.4011	long leg	$17.6M	$25.5M	15x
Aftermath Perps NEARUSD	+0.1671%	1h	4.3812	−0.452%	$6K	$12K	10x	as long as short