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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h −0.004%
Price spread now: Lighter RH against BloFin+0.190%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.352% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.207%+$21 on $10k
Price spread, last 3 days (all we have)+0.035%+$3 · spread now +0.190%, 7d avg +0.144%
Together, before fees+0.242%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter RH is 0.046% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.144%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NEAR-USDT4.31300.0220pay 0.0220% / 8h7h 22m$12.9M$28.2M75x
ShortLighter RH NEAR4.32120.0432get 0.0054% / 1h22m 22s$1.6M$6.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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
$44.52
Price spread: +0.190% → +0.144%
$4.6
Slippage, 4 orders
−$23.22
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$13.9
Costs to cover
0.352%
Break-even
4.8 days
Slippage from BloFin: live order book, 7 min ago; Lighter RH: live order book, 1 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 BloFin live order book, 7 min ago7.02 bp13.0 bp −$1317.2 bp −$17248.0 bp −$4,797122.0 bp −$61.0K
Sell Lighter RH live order book, 1 min ago3.01 bp5.1 bp −$510.1 bp −$101doesn't fitdoesn'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%1h4.3180+0.116%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0130%1h4.3164+0.078%$7.3M$37.3M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.3150+0.046%$2.3M$13.1M50xas long as short
01 Exchange NEARUSD−0.0008%1h4.3183+0.123%$13K$7K10xas long as short
Variational Omni NEAR−0.0004%8h4.2668−1.071%$7.9M$18.8Mas long as short
dYdX NEAR-USD0.0000%1h4.3140+0.022%$112K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2948−0.422%$360K$19.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3201+0.164%$205K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.988%$578$302K12xas long as short
Bybit NEARUSDT+0.0095%8h4.3183+0.123%$219.2M$417.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex NEARUSDT+0.0096%1h4.3190+0.139%$115K$484K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.3191+0.141%$57K$191K20xas long as short
Paradex NEAR-USD-PERP+0.0099%8h4.3116−0.031%$31K$60810xas long as short
Aster NEARUSDT+0.0100%8h4.3240+0.255%$3.0M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.3158+0.066%$399K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3212+0.190%$257.6M$1.06B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3180+0.116%$61.0M$281.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3180+0.116%$198K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2789−0.790%$244K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3195+0.151%$31.0M$60.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3200+0.162%$77.4M$140.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3210+0.185%$56.4M$43.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3186+0.130%$71.5M$124.6M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3190+0.139%$141.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3008−0.282%$256K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3032−0.227%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2800−0.765%$179K$782K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3206+0.176%$193K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3230+0.232%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3165+0.081%$5K$52K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3240+0.255%$457K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3140+0.023%$3.8M$8.5M50xas long as short
Extended NEAR-USD+0.0104%1h4.3157+0.062%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3164+0.078%$201K$28K3xas long as short
Hyperliquid NEAR+0.0193%1h4.3254+0.288%$364.0M$301.6M10xas long as short
BloFin NEAR-USDTlong+0.0220%8h4.3130long leg$12.9M$28.2M75x
GMX NEAR/USD [ETH-USDC]L +0.0374% / S −0.0307%1h4.3151+0.048%$275K100xas long as short
RISEx NEAR/USDC+0.0428%1h4.3216+0.200%$409K$1.2M10xas long as short
Lighter RH NEARshort+0.0432%1h4.3212+0.190%$1.6M$6.9M10x
Backpack NEAR_USDC_PERP+0.0449%1h4.3214+0.195%$1.3M$5.9M20xas long as short
Nado NEAR-PERP+0.0464%1h4.3153+0.053%$1.9M$3.2M10xas long as short
Phoenix NEAR+0.0499%1h4.3141+0.026%$1.8M$2.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0654%1h4.3197+0.155%$1.9M$3.6M25xas long as short
Aftermath Perps NEARUSD+0.1366%1h4.2946−0.426%$5K$12K10xas long as short
Lighter NEAR+0.1928%1h4.3241+0.256%$17.3M$24.6M15xas long as short