Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0589%/8h= +64.4% APRpaid last 24h +0.036%

Price spread now: Lighter RH against Orderly+0.176%7-day average +0.142% · you sell dearer than you buy

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

Long on Orderly Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.457%+$46 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now +0.176%, 7d avg +0.142%

Together, before fees+0.528%+ Points / potential airdropLighter RH: Points live · farm board+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter RH is 0.034% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.3726	0.0099	pay 0.0099% / 8h	6h 34m	$58K	$161K	20x
Short	Lighter RH NEAR	4.3803	0.0688	get 0.0086% / 1h	34m 59s	$1.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Orderly. 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 OrderlybpFee Lighter RHbpOrdersPrice spread, now +0.176%Rate

Funding earned: $123.59
Price spread: +0.176% → +0.142%: $3.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $120.99
Costs to cover: 0.060%
Break-even: 0.1 days

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	2.19 bp	3.2 bp −$3	7.1 bp −$71	doesn't fit	doesn't fit

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 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	4.3668	−0.132%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3768	+0.096%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3553	−0.395%	$109K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3676	−0.114%	$535K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3700	−0.061%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.297%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	−0.407%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	−0.311%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDClong	+0.0099%	8h	4.3726	long leg	$58K	$161K	20x
Pacifica NEAR	+0.0100%	1h	4.3585	−0.323%	$412K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3860	+0.306%	$262.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3822	+0.220%	$222.7M	$420.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3810	+0.192%	$61.8M	$284.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3640	−0.197%	$207K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.633%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3799	+0.167%	$31.6M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3800	+0.169%	$76.0M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3790	+0.146%	$56.2M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3759	+0.075%	$72.4M	$123.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3810	+0.192%	—	$142.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−1.120%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.884%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	−0.746%	$180K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3673	−0.121%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3800	+0.169%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3725	−0.002%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.284%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3740	+0.032%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3549	−0.404%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3704	−0.051%	$3.9M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3725	−0.002%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0122%	8h	4.3795	+0.158%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3747	+0.049%	$7.7M	$40.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−1.157%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0278%	1h	4.3679	−0.107%	$262K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3669	−0.130%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.3695	−0.071%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3654	−0.164%	$546K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−0.668%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEARshort	+0.0688%	1h	4.3803	+0.176%	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0775%	1h	4.3848	+0.279%	$368.0M	$303.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.3868	+0.325%	$1.4M	$6.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0894%	1h	4.3751	+0.057%	$1.9M	$4.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3386	−0.776%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3822	+0.218%	$17.5M	$24.8M	15x	as long as short