Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0587%/8h= −64.3% APRpaid last 24h −0.051%

Price spread now: Paradex against Lighter RH−0.212%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 RH: Points live · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Paradex is 0.212% cheaper against Lighter RH than usual: you would sell low and buy high (−$21 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 RH NEAR	4.3941	0.0688	pay 0.0086% / 1h	7m 14s	$1.5M	$7.2M	10x
Short	Paradex NEAR-USD-PERP	4.3848	0.0101	get 0.0101% / 8h	4h 07m	$32K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.212%Rate

Funding earned: −$123.33
Price spread: −0.212% → 0.000%: −$21.18
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$148.52
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 1 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 RH live order book, 1 min ago	1.71 bp	3.0 bp −$3	9.5 bp −$95	doesn't fit	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 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	4.3809	−0.301%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3856	−0.193%	$2.2M	$15.6M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3905	−0.082%	$616K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3868	−0.166%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3837	−0.236%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.760%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3810	−0.298%	$112K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3878	−0.143%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3918	−0.051%	$270.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3846	−0.216%	$220.7M	$423.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3860	−0.184%	$62.7M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.258%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3822	−0.271%	$31.9M	$64.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3920	−0.048%	$75.3M	$150.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3890	−0.116%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3851	−0.205%	$72.1M	$130.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3850	−0.207%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	+0.286%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4083	+0.322%	$264K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	+0.158%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.339%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3850	−0.207%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3885	−0.127%	$56K	$228K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3930	−0.025%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3940	−0.002%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3940	−0.002%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0101%	8h	4.3848	−0.212%	$32K	$608	10x
Aevo NEAR-PERP	+0.0104%	1h	4.3915	−0.059%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0194%	1h	4.3870	−0.162%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3880	−0.139%	$13.8M	$32.5M	75x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.3848	−0.211%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3826	−0.261%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0340%	1h	4.3904	−0.084%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3834	−0.244%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0388%	1h	4.3887	−0.124%	$361.8M	$319.9M	10x	as long as short
Extended NEAR-USD	+0.0488%	1h	4.3845	−0.218%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0573%	1h	4.3794	−0.335%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3910	−0.071%	$217K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0592%	1h	4.3885	−0.126%	$7.9M	$39.8M	50x	as long as short
Lighter RH NEARlong	+0.0688%	1h	4.3941	long leg	$1.5M	$7.2M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0730%	1h	4.3914	−0.061%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4000	+0.134%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3872	−0.157%	$589K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3956	+0.034%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1613%	1h	4.3974	+0.075%	$5K	$12K	10x	as long as short