Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h −0.044%

Price spread now: Orderly against Lighter RH−0.299%7-day average −0.142% · you buy dearer than you sell

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

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.465%−$47 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.299%, 7d avg −0.142%

Together, before fees−0.412%+ Points / potential airdropLighter RH: Points live · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Orderly is 0.157% cheaper against Lighter RH than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.142%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.3769	0.0744	pay 0.0093% / 1h	47m 39s	$1.6M	$6.9M	10x
Short	Orderly PERP_NEAR_USDC	4.3638	0.0100	get 0.0100% / 8h	5h 47m	$60K	$190K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.299%Rate

Funding earned: −$135.24
Price spread: −0.299% → −0.142%: −$15.72
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$156.96
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 6 min ago; Orderly: 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 RH live order book, 6 min ago	1.82 bp	4.7 bp −$5	12.0 bp −$120	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	4.3707	−0.142%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3700	−0.158%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3692	−0.177%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3747	−0.050%	$561K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3708	−0.139%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.390%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3720	−0.112%	$115K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3718	−0.116%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3727	−0.095%	$265.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3693	−0.174%	$220.8M	$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	4.3720	−0.112%	$62.3M	$288.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.256%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3730	−0.089%	$31.5M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3730	−0.089%	$75.4M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3740	−0.066%	$54.7M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3739	−0.069%	$71.9M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3740	−0.066%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.360%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.072%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.322%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.048%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3744	−0.057%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.3638	−0.299%	$60K	$190K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3780	+0.025%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3625	−0.329%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.185%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3630	−0.318%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3686	−0.191%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3724	−0.104%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3645	−0.283%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0195%	8h	4.3640	−0.295%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0254%	1h	4.3657	−0.256%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3707	−0.141%	$256K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3725	−0.101%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3751	−0.041%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3760	−0.021%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0671%	1h	4.3640	−0.295%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3663	−0.242%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEARlong	+0.0744%	1h	4.3769	long leg	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0772%	1h	4.3752	−0.039%	$368.4M	$304.7M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.400%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3753	−0.037%	$552K	$1.3M	10x	as long as short
Lighter NEAR	+0.1232%	1h	4.3801	+0.073%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1730%	1h	4.3793	+0.054%	$6K	$12K	10x	as long as short