NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1008%/8h= −110.4% APRnext payment −$1.26 per $10,000 · paid last 24h −0.257%

Price spread now: dYdX against Lighter−0.430%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.960%−$96 on $10k

Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.430%, 7d avg −0.184%

Together, before fees−0.707%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and dYdX is 0.246% cheaper against Lighter than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.184%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.4171	0.1008	pay 0.0126% / 1h	51m 52s	$17.6M	$25.5M	15x
Short	dYdX NEAR-USD	4.3981	0	get 0.0000% / 1h	51m 52s	$108K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.430%Rate

Funding earned: −$211.68
Price spread: −0.430% → −0.184%: −$24.63
Slippage, 4 orders: −$91.4
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$337.71
Costs to cover: 1.014%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; dYdX: live order book, 12 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, 7 min ago	2.24 bp	5.4 bp −$5	17.3 bp −$173	80.1 bp −$8,007	doesn't fit
Sell dYdX live order book, 12 min ago	37.73 bp	50.7 bp −$51	86.1 bp −$861	114.4 bp −$11.4K	160.7 bp −$80.4K

NEAR on 44 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	4.4044	−0.286%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3764	−0.921%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3981	−0.430%	$108K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3858	−0.708%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4046	−0.281%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.250%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4060	−0.250%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3998	−0.392%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4090	−0.182%	$267.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4060	−0.250%	$222.5M	$416.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4050	−0.273%	$62.7M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−1.163%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4043	−0.289%	$31.7M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4060	−0.250%	$76.1M	$139.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4060	−0.250%	$55.0M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4042	−0.291%	$72.3M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4050	−0.273%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	−0.821%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3659	−1.159%	$267K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−1.163%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−1.269%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4090	−0.182%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4058	−0.255%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	−0.205%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4065	−0.239%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	−0.024%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4060	−0.250%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4009	−0.366%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4029	−0.320%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4079	−0.208%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.4090	−0.182%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0325%	1h	4.4055	−0.262%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0243%	1h	4.4024	−0.331%	$258K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4104	−0.151%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4070	−0.228%	$210K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0522%	1h	4.4095	−0.171%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0698%	1h	4.4129	−0.094%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4104	−0.150%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.4136	−0.078%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0841%	1h	4.4137	−0.076%	$371.7M	$304.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3900	−0.613%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4073	−0.221%	$556K	$1.3M	10x	as long as short
Lighter NEARlong	+0.1008%	1h	4.4171	long leg	$17.6M	$25.5M	15x
Aftermath Perps NEARUSD	+0.1665%	1h	4.3755	−0.941%	$6K	$12K	10x	as long as short