NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1168%/8h= −127.9% APRnext payment −$1.46 per $10,000 · paid last 24h −0.230%

Price spread now: Aevo against Lighter−0.096%7-day average −0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.756%−$76 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.096%, 7d avg −0.169%

Together, before fees−0.529%+ Points / potential airdropLighter: Season 3 · farm board−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.073% dearer against Lighter than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.169%): +$7 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.756% in total) that is about 16 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.756% in total (about -39.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.46 per $10,000. 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	Lighter NEAR	4.4332	0.1272	pay 0.0159% / 1h	28m 01s	$17.7M	$25.9M	15x
Short	Aevo NEAR-PERP	4.4290	0.0104	get 0.0013% / 1h	28m 01s	$206K	$34K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.096%Rate

Funding earned: −$245.28
Price spread: −0.096% → −0.169%: $7.3
Slippage, 4 orders: −$82.37
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$336.34
Costs to cover: 0.984%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Aevo: live order book, 36 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 Lighter live order book, 6 min ago	2.95 bp	6.1 bp −$6	15.9 bp −$159	68.5 bp −$6,854	doesn't fit
Sell Aevo live order book, 36 min ago	10.31 bp	44.4 bp −$44	doesn't fit	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	4.4257	−0.170%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4291	−0.093%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4269	−0.143%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4345	+0.028%	$589K	$19.8M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4295	−0.084%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4268	−0.145%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.592%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	−0.073%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4277	−0.125%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4329	−0.008%	$269.1M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4309	−0.053%	$222.6M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4260	−0.163%	$63.6M	$293.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.199%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4300	−0.073%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4250	−0.186%	$76.5M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4310	−0.051%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4244	−0.199%	$72.9M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4320	−0.028%	—	$145.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.330%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.327%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.344%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.389%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4310	−0.051%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4257	−0.170%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	−0.051%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4280	−0.118%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.017%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4270	−0.141%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4255	−0.173%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4256	−0.173%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.4290	−0.096%	$206K	$34K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.423%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0242%	8h	4.4320	−0.028%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4279	−0.120%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.4292	−0.091%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.4275	−0.129%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4310	−0.051%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0550%	1h	4.4349	+0.037%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4280	−0.118%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0703%	1h	4.4352	+0.044%	$369.2M	$309.2M	10x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4377	+0.101%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.295%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4321	−0.026%	$554K	$1.3M	10x	as long as short
Lighter NEARlong	+0.1272%	1h	4.4332	long leg	$17.7M	$25.9M	15x
Aftermath Perps NEARUSD	+0.1655%	1h	4.4295	−0.084%	$6K	$12K	10x	as long as short