Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0584%/8h= −63.9% APRpaid last 24h −0.052%

Price spread now: Aster against Lighter RH−0.108%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.416%−$42 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.108%, 7d avg −0.097%

Together, before fees−0.358%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.3427	0.0920	pay 0.0115% / 1h	15m 20s	$1.5M	$7.4M	10x
Short	Aster NEARUSDT	4.3380	0.0336	get 0.0336% / 8h	3h 15m	$2.8M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$122.64
Price spread: −0.108% → −0.097%: −$1.16
Slippage, 4 orders: −$19.96
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$151.76
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Aster: live order book, 3 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 RH live order book, 3 min ago	2.53 bp	3.7 bp −$4	9.7 bp −$97	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.45 bp	9.6 bp −$10	16.6 bp −$166	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	4.3410	−0.040%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3431	+0.010%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3382	−0.103%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.645%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3493	+0.152%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	+0.053%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3387	−0.092%	$265.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3331	−0.221%	$214.3M	$426.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	−0.177%	$61.3M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.407%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3406	−0.048%	$32.2M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3450	+0.053%	$74.0M	$146.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3450	+0.053%	$53.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3344	−0.191%	$71.5M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3380	−0.108%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	+0.047%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3528	+0.232%	$254K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3530	+0.238%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3500	+0.168%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3485	+0.134%	$274K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3372	−0.127%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3500	+0.168%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3460	+0.076%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3390	−0.085%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3435	+0.018%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3370	−0.131%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.039%	$13.5M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3484	+0.130%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.3465	+0.088%	$874K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3391	−0.083%	$235K	—	100x	as long as short
Aster NEARUSDTshort	+0.0336%	8h	4.3380	−0.108%	$2.8M	$5.5M	50x
SoDEX NEAR-USD	+0.0356%	1h	4.3344	−0.191%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3520	+0.214%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3430	+0.006%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0579%	1h	4.3463	+0.083%	$355.9M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0597%	1h	4.3520	+0.214%	$1.3M	$6.7M	20x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3327	−0.230%	$3.8M	$19.9M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3510	+0.191%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3356	−0.162%	$7.6M	$39.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0742%	1h	4.3375	−0.120%	$1.9M	$9.6M	25x	as long as short
Lighter RH NEARlong	+0.0920%	1h	4.3427	long leg	$1.5M	$7.4M	10x
Phoenix NEAR	+0.0941%	1h	4.3602	+0.403%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1056%	1h	4.3426	−0.002%	$17.5M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3501	+0.170%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1569%	1h	4.3451	+0.055%	$5K	$13K	10x	as long as short