Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0996%/8h= +109.1% APRpaid last 24h +0.065%

Price spread now: Lighter RH against KuCoin+0.091%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.091%, 7d avg +0.117%

Together, before fees+0.488%+ Points / potential airdropLighter RH: Points live · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.117%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.476% in total) that is about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.476% in total (about 24.8% 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	KuCoin NEARUSDTM	4.3770	0.0100	pay 0.0100% / 8h	2h 08m	$52.8M	$45.9M	75x
Short	Lighter RH NEAR	4.3810	0.1096	get 0.0137% / 1h	8m 05s	$1.5M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.091%Rate

Funding earned: $209.16
Price spread: +0.091% → +0.117%: −$2.55
Slippage, 4 orders: −$26.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $168.02
Costs to cover: 0.386%
Break-even: 1.4 days

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.29 bp	12.5 bp −$12	29.9 bp −$299	99.9 bp −$9,992	doesn't fit
Sell Lighter RH live order book, 6 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	4.3759	−0.026%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3751	−0.044%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3738	−0.073%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.392%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3810	+0.091%	$116K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3720	−0.114%	$218.6M	$420.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3730	−0.091%	$61.8M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−0.617%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3728	−0.096%	$33.2M	$61.0M	75x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3770	long leg	$52.8M	$45.9M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3728	−0.096%	$71.7M	$126.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3607	−0.372%	$8.8M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3652	−0.270%	$255K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3820	+0.114%	$281K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3786	+0.037%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3850	+0.183%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3900	+0.297%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3720	−0.114%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3756	−0.032%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0102%	8h	4.3673	−0.221%	$1.4M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3793	+0.052%	$204K	$37K	3x	as long as short
BingX NEAR-USDT	+0.0121%	8h	4.3750	−0.046%	—	$143.4M	—	as long as short
MEXC NEAR_USDT	+0.0129%	8h	4.3760	−0.023%	$83.2M	$146.2M	200x	as long as short
Binance NEARUSDT	+0.0133%	8h	4.3770	0.000%	$266.3M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0250%	8h	4.3850	+0.183%	$13.3M	$32.3M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3867	+0.222%	$2.3M	$16.2M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3735	−0.079%	$235K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0317%	8h	4.3779	+0.021%	$1.0M	$24.6M	2.2x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.3760	−0.023%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0404%	1h	4.3805	+0.080%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0417%	1h	4.3640	−0.297%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0472%	1h	4.3732	−0.086%	$3.7M	$19.3M	25x	as long as short
SoDEX NEAR-USD	+0.0514%	1h	4.3745	−0.057%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0667%	1h	4.3792	+0.050%	$360.1M	$310.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0688%	1h	4.3776	+0.014%	$1.3M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0720%	1h	4.3856	+0.196%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0723%	1h	4.3739	−0.072%	$7.3M	$39.0M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3850	+0.183%	$227K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0825%	1h	4.3787	+0.039%	$2.0M	$11.9M	25x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3790	+0.046%	$401K	$1.4M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.3808	+0.087%	$17.2M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3931	+0.368%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEARshort	+0.1096%	1h	4.3810	+0.091%	$1.5M	$7.4M	10x
RISEx NEAR/USDC	+0.1220%	1h	4.3838	+0.155%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1287%	1h	4.3636	−0.306%	$5K	$12K	10x	as long as short