Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0580%/8hnext payment +$0.72 per $10,000 · paid last 24h +0.180%
Price spread now: Lighter against ApeX Omni+0.273%78s7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs+$27as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$400.398% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.667%+$67 on $10k
Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.273%, 7d avg +0.091%
Together, before fees+0.457%+ Points / potential airdropLighter: Season 3 · farm board+$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 0.182% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.091%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.13100.0100pay 0.0013% / 1h23m 48s$113K$755K50x
ShortLighter NEAR4.14230.0680get 0.0085% / 1h23m 48s$15.4M$22.5M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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

Funding earned
$121.8
Price spread: +0.273% → +0.091%
$18.22
Slippage, 4 orders
−$29.79
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$100.23
Costs to cover
0.398%
Break-even
1.2 days
Slippage from ApeX Omni: live order book, 9 min ago; Lighter: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 9 min ago8.51 bp16.1 bp −$1681.1 bp −$811doesn't fitdoesn't fit
Sell Lighter live order book, 9 min ago1.19 bp4.9 bp −$516.3 bp −$16379.3 bp −$7,925doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1319+0.021%$2K20xas long as short
Extended NEAR-USD−0.0016%1h4.1317+0.017%$3.5M$14.1M25xas long as short
dYdX NEAR-USD0.0000%1h4.1328+0.044%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1371+0.148%$444K$20.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1362+0.125%$201K150xas long as short
Coinbase International NEAR-PERP-INTX+0.0032%1h4.1407+0.235%$2.1M$12.6M50xas long as short
Popdex NEARUSDT+0.0096%1h4.1340+0.073%$104K$498K50xas long as short
Aster NEARUSDT+0.0100%8h4.1370+0.145%$2.8M$5.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.1340+0.073%$236.4M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1330+0.048%$206.8M$429.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.1360+0.121%$57.0M$286.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.13100.000%$244K$1.6M10xas long as short
Bulk NEAR-USD+0.0100%1h4.1127−0.443%$235K$4K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1346+0.087%$29.1M$56.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1330+0.048%$80.6M$145.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1360+0.121%$57.9M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1352+0.102%$69.5M$125.8M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1340+0.073%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1325+0.036%$7.6M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.1386+0.183%$262K$1.3M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1231−0.190%$1.4M$1.1M10xas long as short
ApeX Omni NEARUSDTlong+0.0100%1h4.1310long leg$113K$755K50x
Polymarket Perps NEAR-USD+0.0100%1h4.1361+0.123%$222K$3.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.1326+0.039%$52K$163K20xas long as short
SunX NEAR-USDT+0.0100%8h4.1380+0.169%$1K$1.5M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1355+0.109%$4K$44K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1370+0.145%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1302−0.018%$30K$2K10xas long as short
Aevo NEAR-PERP+0.0104%1h4.1335+0.061%$200K$66K3xas long as short
Injective NEAR/USDC PERP+0.0120%1h4.1000−0.750%$572$150K12xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0185%1h4.1372+0.150%$1.8M$2.0M25xas long as short
01 Exchange NEARUSD+0.0208%1h4.1313+0.007%$12K$8K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1280−0.073%$12.6M$33.1M75xas long as short
Kraken Futures PF_NEARUSD+0.0242%1h4.1405+0.231%$7.4M$34.4M50xas long as short
Lighter RH NEAR+0.0248%1h4.1424+0.276%$1.4M$7.3M10xas long as short
Nado NEAR-PERP+0.0289%1h4.1340+0.073%$1.8M$3.9M10xas long as short
Pacifica NEAR+0.0319%1h4.1320+0.024%$438K$1.1M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0371% / S −0.0312%1h4.1348+0.091%$272K100xas long as short
RISEx NEAR/USDC+0.0378%1h4.1329+0.045%$397K$1.3M10xas long as short
Phoenix NEAR+0.0618%1h4.1391+0.196%$1.7M$2.7M10xas long as short
Lighter NEARshort+0.0680%1h4.1423+0.273%$15.4M$22.5M15x
Hyperliquid NEAR+0.0828%1h4.1420+0.266%$347.8M$303.0M10xas long as short
Backpack NEAR_USDC_PERP+0.0960%1h4.1414+0.252%$1.5M$4.7M20xas long as short
Aftermath Perps NEARUSD+0.1099%1h4.1280−0.072%$5K$11K10xas long as short
HTX NEAR-USDT+0.1247%8h4.1470+0.387%$451K$4.1M75xas long as short