NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1168%/8h= +127.9% APRnext payment +$1.46 per $10,000 · paid last 24h +0.230%

Price spread now: Lighter against Aevo+0.226%7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.756%+$76 on $10k

Price spread, last 4 days (all we have)−0.358%−$36 · spread now +0.226%, 7d avg +0.169%

Together, before fees+0.398%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Lighter is 0.058% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.169%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.756% in total (about 39.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.4354	0.0104	pay 0.0013% / 1h	27m 00s	$207K	$34K	3x
Short	Lighter NEAR	4.4455	0.1272	get 0.0159% / 1h	27m 00s	$17.8M	$25.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.226%Rate

Funding earned: $245.28
Price spread: +0.226% → +0.169%: $5.78
Slippage, 4 orders: −$82.37
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $152.69
Costs to cover: 0.984%
Break-even: 2.6 days

Slippage from Aevo: live order book, 37 min ago; Lighter: live order book, 7 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 Aevo live order book, 37 min ago	10.31 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.95 bp	6.7 bp −$7	25.5 bp −$255	89.0 bp −$8,900	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	4.4264	−0.203%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4300	−0.122%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4381	+0.060%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4367	+0.029%	$572K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4307	−0.105%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.638%	$578	$302K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0088%	1h	4.4364	+0.022%	$1.9M	$4.4M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	−0.009%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4353	−0.002%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4502	+0.333%	$270.2M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4530	+0.397%	$224.0M	$418.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4520	+0.374%	$63.8M	$295.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.150%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4433	+0.178%	$32.2M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4490	+0.306%	$76.8M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4380	+0.058%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4463	+0.246%	$73.3M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4470	+0.261%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.379%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4398	+0.098%	$266K	$984K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4397	+0.098%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.438%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4349	−0.011%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4298	−0.126%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+0.171%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4380	+0.058%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4510	+0.352%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4400	+0.104%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4336	−0.041%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4332	−0.051%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.4354	long leg	$207K	$34K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.4420	+0.149%	$13.7M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0240%	8h	4.4409	+0.124%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0246%	1h	4.4300	−0.121%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.4356	+0.004%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0402%	1h	4.4280	−0.167%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4390	+0.081%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0540%	1h	4.4498	+0.325%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0694%	1h	4.4370	+0.036%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0695%	1h	4.4520	+0.374%	$370.6M	$309.4M	10x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.4460	+0.239%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4364	+0.022%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4386	+0.073%	$538K	$1.3M	10x	as long as short
Lighter NEARshort	+0.1272%	1h	4.4455	+0.226%	$17.8M	$25.9M	15x
Aftermath Perps NEARUSD	+0.1660%	1h	4.4306	−0.109%	$6K	$12K	10x	as long as short