Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.085%

Price spread now: Lighter RH against Aster+0.087%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.453%+$45 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.087%, 7d avg +0.099%

Together, before fees+0.420%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.4595	0.0100	pay 0.0100% / 8h	7h 17m	$2.7M	$4.6M	50x
Short	Lighter RH NEAR	4.4634	0.0488	get 0.0061% / 1h	17m 39s	$1.5M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now +0.087%Rate

Funding earned: $81.48
Price spread: +0.087% → +0.099%: −$1.2
Slippage, 4 orders: −$21.11
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $51.17
Costs to cover: 0.291%
Break-even: 2.6 days

Slippage from Aster: live order book, 1 min ago; Lighter RH: live order book, 6 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 Aster live order book, 1 min ago	5.59 bp	11.3 bp −$11	24.9 bp −$249	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	2.03 bp	4.6 bp −$5	10.0 bp −$100	doesn't fit	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
Kraken Futures PF_NEARUSD	−0.0422%	1h	4.4703	+0.242%	$7.4M	$38.6M	50x	as long as short
Phemex NEARUSDT	−0.0222%	8h	4.4700	+0.235%	$3.6M	$7.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4700	+0.235%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.088%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4693	+0.219%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.143%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4600	+0.010%	$113K	$504K	50x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.4595	long leg	$2.7M	$4.6M	50x
Binance NEARUSDT	+0.0100%	8h	4.4606	+0.024%	$268.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4588	−0.016%	$225.5M	$425.8M	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	4.4570	−0.057%	$62.7M	$300.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4640	+0.100%	$226K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4567	−0.064%	$37.7M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4580	−0.034%	$88.2M	$161.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4590	−0.012%	$53.2M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4540	−0.124%	$73.5M	$127.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4580	−0.034%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−0.890%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4635	+0.088%	$259K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4607	+0.027%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4220	−0.842%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4640	+0.100%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4725	+0.291%	$58K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4790	+0.437%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4705	+0.246%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	+0.430%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4553	−0.096%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4574	−0.048%	$3.7M	$15.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4722	+0.284%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0136%	8h	4.4706	+0.248%	$896K	$25.3M	2.2x	as long as short
Nado NEAR-PERP	+0.0199%	1h	4.4655	+0.134%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4600	+0.010%	$12.7M	$32.9M	75x	as long as short
Hyperliquid NEAR	+0.0318%	1h	4.4626	+0.069%	$363.1M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4614	+0.042%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0259%	1h	4.4691	+0.214%	$262K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4750	+0.347%	$2.3M	$17.6M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4618	+0.051%	$17.6M	$24.0M	15x	as long as short
Lighter RH NEARshort	+0.0488%	1h	4.4634	+0.087%	$1.5M	$6.5M	10x
HTX NEAR-USDT	+0.0509%	8h	4.4810	+0.481%	$474K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.4716	+0.271%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4606	+0.024%	$604K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4594	−0.003%	$420K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4334	−0.586%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1049%	1h	4.4345	−0.561%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1763%	1h	4.4799	+0.457%	$2.0M	$13.1M	25x	as long as short