Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1004%/8h= +109.9% APRpaid last 24h −0.065%

Price spread now: Lighter RH against HTX−0.080%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.080%, 7d avg −0.094%

Together, before fees−0.147%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: +$30 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3760	0.0100	pay 0.0100% / 8h	2h 11m	$472K	$3.9M	75x
Short	Lighter RH NEAR	4.3725	0.1104	get 0.0138% / 1h	11m 02s	$1.5M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now −0.080%Rate

Funding earned: $210.84
Price spread: −0.080% → −0.094%: $1.37
Slippage, 4 orders: −$32.55
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $167.66
Costs to cover: 0.446%
Break-even: 1.4 days

Slippage from HTX: live order book, 3 min ago; Lighter RH: live order book, 3 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 HTX live order book, 3 min ago	8.01 bp	17.1 bp −$17	58.9 bp −$589	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.52 bp	4.3 bp −$4	13.3 bp −$133	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	4.3646	−0.261%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3587	−0.396%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3606	−0.352%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.370%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3620	−0.320%	$115K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3689	−0.162%	$218.9M	$420.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3700	−0.137%	$61.7M	$290.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−0.594%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3646	−0.261%	$33.2M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3720	−0.091%	$52.7M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3690	−0.160%	$72.1M	$125.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.645%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3575	−0.424%	$255K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3591	−0.385%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3667	−0.213%	$280K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3674	−0.197%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3720	−0.091%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3760	long leg	$472K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3640	−0.274%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3623	−0.314%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3697	−0.143%	$203K	$37K	3x	as long as short
BingX NEAR-USDT	+0.0116%	8h	4.3700	−0.137%	—	$143.4M	—	as long as short
MEXC NEAR_USDT	+0.0122%	8h	4.3730	−0.069%	$83.1M	$146.0M	200x	as long as short
Binance NEARUSDT	+0.0125%	8h	4.3730	−0.069%	$266.1M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0245%	8h	4.3630	−0.297%	$13.3M	$32.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3701	−0.135%	$2.3M	$16.2M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3610	−0.342%	$234K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0313%	8h	4.3600	−0.366%	$994K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3725	−0.080%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0399%	1h	4.3644	−0.264%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0418%	1h	4.3580	−0.411%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0488%	1h	4.3685	−0.171%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USD	+0.0528%	1h	4.3685	−0.171%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0656%	1h	4.3708	−0.119%	$359.0M	$311.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0683%	1h	4.3696	−0.146%	$1.3M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0720%	1h	4.3681	−0.181%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0725%	1h	4.3648	−0.255%	$7.3M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3680	−0.183%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3604	−0.355%	$400K	$1.3M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.3726	−0.077%	$17.2M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3660	−0.229%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEARshort	+0.1104%	1h	4.3725	−0.080%	$1.5M	$7.4M	10x
RISEx NEAR/USDC	+0.1220%	1h	4.3664	−0.220%	$685K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1304%	1h	4.3477	−0.646%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1423%	1h	4.3709	−0.117%	$1.9M	$11.8M	25x	as long as short