Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0148%/8hpaid last 24h −0.051%

Price spread now: Binance against Lighter RH−0.243%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 7 days+0.166%+$17 · spread now −0.243%, 7d avg −0.127%

Together, before fees−0.265%+ Points / potential airdropLighter RH: Points live · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.116% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.127%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.1635	0.0248	pay 0.0031% / 1h	22m 30s	$1.4M	$7.3M	10x
Short	Binance NEARUSDT	4.1534	0.0100	get 0.0100% / 8h	4h 22m	$237.5M	$1.11B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.243%Rate

Funding earned: −$31.08
Price spread: −0.243% → −0.127%: −$11.65
Slippage, 4 orders: −$10.57
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$63.3
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 11 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, 5 min ago	1.33 bp	3.3 bp −$3	12.0 bp −$120	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.22 bp	7.6 bp −$8	12.4 bp −$124	30.7 bp −$3,073	84.9 bp −$42.5K

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	4.1436	−0.478%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0024%	1h	4.1543	−0.221%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1595	−0.096%	$105K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1418	−0.521%	$432K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1456	−0.430%	$202K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1445	−0.456%	$2.1M	$12.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0064%	1h	4.1465	−0.408%	$1.8M	$2.0M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1520	−0.276%	$105K	$499K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1557	−0.187%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.1534	−0.243%	$237.5M	$1.11B	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.1515	−0.288%	$208.2M	$429.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1510	−0.300%	$57.4M	$287.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1540	−0.228%	$245K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1537	−0.236%	$238K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1585	−0.120%	$29.3M	$56.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1580	−0.132%	$82.0M	$145.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1540	−0.228%	$57.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1447	−0.452%	$69.9M	$126.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1550	−0.204%	—	$135.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.745%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.928%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.853%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.925%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1551	−0.202%	$221K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1453	−0.437%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1490	−0.348%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1535	−0.240%	$5K	$45K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1460	−0.420%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1590	−0.108%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1430	−0.492%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−1.525%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1560	−0.180%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1420	−0.516%	$12.6M	$33.2M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0241%	1h	4.1486	−0.359%	$7.4M	$34.5M	50x	as long as short
Lighter RH NEARlong	+0.0248%	1h	4.1635	long leg	$1.4M	$7.3M	10x
Nado NEAR-PERP	+0.0290%	1h	4.1435	−0.480%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1578	−0.138%	$440K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0312%	1h	4.1439	−0.471%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1559	−0.183%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	−0.586%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0648%	1h	4.1555	−0.191%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0839%	1h	4.1610	−0.060%	$351.2M	$305.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0956%	1h	4.1568	−0.161%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1083%	1h	4.1308	−0.786%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1246%	8h	4.1580	−0.132%	$452K	$4.1M	75x	as long as short