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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.051%
Price spread now: Lighter RH against Extended+0.467%7-day average +0.192% · you sell dearer than you buy
Net, funding: paid 7d − costs+$22as in the Funding arb table
Net, price: spread back to 7d avg − costs+$5as in the Price arb table
costs, in and out, $10k−$220.223% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.444%+$44 on $10k
Price spread, last 7 days−0.381%−$38 · spread now +0.467%, 7d avg +0.192%
Together, before fees+0.063%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$6 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 0.275% dearer against Extended than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.192%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NEAR-USD4.31540.0672pay 0.0084% / 1h42m 30s$3.8M$19.8M25x
ShortLighter RH NEAR4.33550.0888get 0.0111% / 1h42m 30s$1.5M$7.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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
$45.36
Price spread: +0.467% → +0.192%
$27.49
Slippage, 4 orders
−$17.32
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$50.53
Costs to cover
0.223%
Break-even
from the start
Slippage from Extended: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.23 bp4.8 bp −$510.6 bp −$106755.1 bp −$75.5Kdoesn't fit
Sell Lighter RH live order book, 6 min ago2.75 bp2.9 bp −$39.4 bp −$94doesn'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%1h4.3185+0.073%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3254+0.233%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3315+0.373%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.041%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3406+0.585%$2.3M$16.0M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3240+0.200%$107K$502K50xas long as short
Binance NEARUSDT+0.0100%8h4.3248+0.219%$265.3M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3195+0.096%$215.2M$427.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3180+0.061%$61.6M$290.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3400+0.571%$247K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3170+0.038%$31.6M$60.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3210+0.131%$73.4M$144.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3310+0.362%$53.8M$46.3M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3190+0.084%$70.9M$128.7M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3180+0.061%$146.2Mas long as short
Variational Omni NEAR+0.0100%8h4.3397+0.565%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3444+0.672%$254K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3214+0.140%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3100−0.124%$166K$799K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3216+0.144%$261K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3356+0.469%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3450+0.687%$1K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3500+0.803%$462K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3370+0.501%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3185+0.072%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3350+0.455%$202K$37K3xas long as short
Kalshi KXNEARPERP+0.0130%8h4.3392+0.552%$654K$23.1M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3390+0.548%$13.8M$32.2M75xas long as short
Pacifica NEAR+0.0263%1h4.3278+0.287%$411K$1.2M10xas long as short
Aster NEARUSDT+0.0309%8h4.3281+0.295%$2.9M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0321% / S −0.0194%1h4.3316+0.376%$232K100xas long as short
SoDEX NEAR-USD+0.0421%1h4.3318+0.381%$8K$49K10xas long as short
Backpack NEAR_USDC_PERP+0.0512%1h4.3350+0.455%$1.4M$6.5M20xas long as short
01 Exchange NEARUSD+0.0520%1h4.3247+0.216%$13K$7K10xas long as short
Hyperliquid NEAR+0.0602%1h4.3242+0.205%$354.8M$320.8M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3240+0.200%$212K$1.6M10xas long as short
Extended NEAR-USDlong+0.0672%1h4.3154long leg$3.8M$19.8M25x
Nado NEAR-PERP+0.0678%1h4.3210+0.132%$1.8M$3.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0711%1h4.3327+0.402%$7.6M$39.6M50xas long as short
Lighter RH NEARshort+0.0888%1h4.3355+0.467%$1.5M$7.4M10x
Phoenix NEAR+0.0941%1h4.3302+0.344%$1.8M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0997%1h4.3357+0.471%$2.0M$8.8M25xas long as short
Lighter NEAR+0.1152%1h4.3299+0.337%$17.5M$24.9M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.3232+0.181%$654K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1582%1h4.3407+0.588%$5K$12K10xas long as short