NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1816%/8h= −198.9% APRnext payment −$2.27 per $10,000 · paid last 24h −0.208%

Price spread now: Popdex against Lighter−0.150%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Lighter Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.525%−$52 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.150%, 7d avg −0.153%

Together, before fees−0.427%+ Points / potential airdropLighter: Season 3 · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.153%, so right now this pair is about funding alone: −$54 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.525% in total (about -55.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.27 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	4.3055	0.1912	pay 0.0239% / 1h	21m 33s	$17.2M	$24.6M	15x
Short	Popdex NEARUSDT	4.2990	0.0096	get 0.0012% / 1h	21m 33s	$114K	$485K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$381.36
Price spread: −0.150% → −0.153%: $0.22
Slippage, 4 orders: −$16.3
Fee Lighter: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$403.84
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Popdex: live order book, 52 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, 7 min ago	1.97 bp	4.4 bp −$4	30.3 bp −$303	77.4 bp −$7,744	doesn't fit
Sell Popdex live order book, 52 min ago	1.17 bp	9.1 bp −$9	57.1 bp −$571	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	4.2939	−0.269%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3176	+0.283%	$7.3M	$37.3M	50x	as long as short
Phemex NEARUSDT	−0.0119%	8h	4.3140	+0.198%	$3.8M	$8.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3167	+0.261%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.2970	−0.197%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.898%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3008	−0.109%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3139	+0.196%	$378K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3201	+0.340%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.820%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDTshort	+0.0096%	1h	4.2990	−0.150%	$114K	$485K	50x
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3191	+0.317%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2999	−0.129%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3107	+0.121%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2979	−0.176%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2988	−0.155%	$256.2M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2962	−0.215%	$218.0M	$417.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	−0.243%	$60.7M	$280.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	−0.057%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.616%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2967	−0.204%	$30.9M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2930	−0.290%	$76.9M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3050	−0.011%	$56.2M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2952	−0.239%	$71.1M	$124.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3000	−0.127%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3061	+0.015%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3032	−0.052%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3070	+0.036%	$180K	$781K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2985	−0.162%	$192K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.477%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3177	+0.284%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.477%	$458K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2983	−0.167%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3197	+0.331%	$201K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0198%	1h	4.3116	+0.142%	$363.2M	$301.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3130	+0.175%	$12.9M	$28.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3200	+0.338%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0398%	1h	4.3221	+0.386%	$1.9M	$3.6M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3035	−0.047%	$404K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0432%	1h	4.3110	+0.128%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0462%	1h	4.3226	+0.398%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0472%	1h	4.2993	−0.143%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3141	+0.200%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1366%	1h	4.2946	−0.252%	$5K	$12K	10x	as long as short
Lighter NEARlong	+0.1912%	1h	4.3055	long leg	$17.2M	$24.6M	15x