NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0592%/8h= +64.8% APRnext payment +$0.74 per $10,000 · paid last 24h +0.115%

Price spread now: Lighter RH against dYdX−0.359%59s7-day average +0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1201.196% of the position

Long on dYdX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.671%+$67 on $10k

Price spread, last 4 days (all we have)+0.551%+$55 · spread now −0.359%, 7d avg +0.157%

Together, before fees+1.223%+ Points / potential airdropLighter RH: Points live · farm board+$122 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.516% cheaper against dYdX than usual: you would sell low and buy high (spread −0.359% now, against its 7-day average of +0.157%). If the spread goes back, that is −$52 on $10k: about 2.9 days of funding at the current rate (+$18 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.5340	0	get 0.0000% / 1h	56m 34s	$110K	$53K	10x
Short	Lighter RH NEAR	4.5177	0.0592	get 0.0074% / 1h	56m 34s	$1.6M	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against dYdX. 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 dYdXbpFee Lighter RHbpOrdersPrice spread, now −0.359%Rate

Funding earned: $124.32
Price spread: −0.359% → +0.157%: −$51.61
Slippage, 4 orders: −$109.6
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$46.89
Costs to cover: 1.196%
Break-even: 9.6 days

Slippage from dYdX: live order book, 37 min ago; Lighter RH: live order book, 2 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 dYdX live order book, 37 min ago	50.42 bp	55.4 bp −$55	69.4 bp −$694	172.8 bp −$17.3K	588.2 bp −$294.1K
Sell Lighter RH live order book, 2 min ago	1.99 bp	4.6 bp −$5	14.3 bp −$143	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
Reya NEARRUSDPERP	−0.0171%	1h	4.5317	−0.051%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0139%	1h	4.5351	+0.026%	$7.4M	$38.6M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.5340	long leg	$110K	$53K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+0.214%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.668%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5080	−0.573%	$119K	$521K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5094	−0.541%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5084	−0.565%	$273.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5103	−0.522%	$234.4M	$435.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5090	−0.551%	$64.4M	$308.5M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5140	−0.441%	$233K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5308	−0.071%	$261K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5072	−0.591%	$38.8M	$61.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5100	−0.529%	$82.0M	$162.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5160	−0.397%	$53.7M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5054	−0.630%	$74.4M	$128.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5100	−0.529%	—	$82.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5317	−0.051%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5378	+0.085%	$268K	$880K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5362	+0.049%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5390	+0.111%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5370	+0.067%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5368	+0.062%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5410	+0.155%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5365	+0.055%	$5K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5320	−0.044%	$3.5M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5082	−0.568%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5380	+0.090%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.5129	−0.466%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0125%	8h	4.5402	+0.137%	$860K	$25.5M	2.2x	as long as short
HTX NEAR-USDT	+0.0192%	8h	4.5340	0.000%	$478K	$3.8M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5380	+0.089%	$12.8M	$33.4M	75x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.5071	−0.593%	$13K	$5K	10x	as long as short
Hyperliquid NEAR	+0.0248%	1h	4.5194	−0.322%	$366.9M	$321.9M	10x	as long as short
Lighter NEAR	+0.0336%	1h	4.5150	−0.418%	$17.7M	$23.4M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	−0.016%	$265K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5372	+0.071%	$2.4M	$18.0M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5086	−0.559%	$645K	$1.6M	10x	as long as short
Lighter RH NEARshort	+0.0592%	1h	4.5177	−0.359%	$1.6M	$6.0M	10x
Nado NEAR-PERP	+0.0707%	1h	4.5315	−0.055%	$1.7M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5602	+0.578%	$1.8M	$2.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0782%	1h	4.5325	−0.033%	$1.1M	$7.2M	20x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5151	−0.417%	$426K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1140%	1h	4.5388	+0.106%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1258%	1h	4.5358	+0.039%	$6K	$7K	10x	as long as short