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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0384%/8h= −42.0% APRnext payment $0.48 per $10,000 · paid last 24h −0.221%
Price spread now: Extended against Lighter−0.099%7-day average −0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$160.160% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.820%−$82 on $10k
Price spread, last 7 days−0.047%−$5 · spread now −0.099%, 7d avg −0.219%
Together, before fees−0.866%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$87 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.120% dearer against Lighter than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.219%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NEAR4.46180.0488pay 0.0061% / 1h17m 38s$17.6M$24.0M15x
ShortExtended NEAR-USD4.45740.0104get 0.0013% / 1h17m 38s$3.7M$15.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$80.64
Price spread: −0.099% → −0.219%
$12.01
Slippage, 4 orders
−$11.05
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$84.68
Costs to cover
0.160%
Break-even
never at this rate
Slippage from Lighter: live order book, 11 min ago; Extended: live order book, 1 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 Lighter live order book, 11 min ago2.97 bp3.2 bp −$313.4 bp −$13473.2 bp −$7,320doesn't fit
Sell Extended live order book, 1 min ago0.79 bp5.1 bp −$512.3 bp −$123doesn'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
Kraken Futures PF_NEARUSD−0.0422%1h4.4703+0.191%$7.4M$38.6M50xas long as short
Phemex NEARUSDT−0.0222%8h4.4700+0.184%$3.6M$7.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4700+0.184%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4556−0.139%$109K$65K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4693+0.168%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.190%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4600−0.041%$113K$504K50xas long as short
Aster NEARUSDT+0.0100%8h4.4595−0.051%$2.7M$4.6M50xas long as short
Binance NEARUSDT+0.0100%8h4.4606−0.027%$268.8M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4588−0.067%$225.5M$425.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4570−0.108%$62.7M$300.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4640+0.049%$226K$1.4M10xas long as short
Gate NEAR_USDT+0.0100%8h4.4567−0.115%$37.7M$62.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4580−0.085%$88.2M$161.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4590−0.063%$53.2M$45.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4540−0.175%$73.5M$127.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4580−0.085%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4199−0.940%$9.2M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4635+0.037%$259K$895K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4607−0.024%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4220−0.892%$166K$825K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4640+0.049%$279K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4725+0.240%$58K$238K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4790+0.385%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4705+0.195%$5K$49K10xas long as short
Bulk NEAR-USD+0.0100%1h4.4787+0.379%$258K$3K10xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4553−0.147%$32K$41310xas long as short
Extended NEAR-USDshort+0.0104%1h4.4574−0.099%$3.7M$15.2M25x
Aevo NEAR-PERP+0.0104%1h4.4722+0.233%$208K$38K3xas long as short
Kalshi KXNEARPERP+0.0136%8h4.4706+0.197%$896K$25.3M2.2xas long as short
Nado NEAR-PERP+0.0199%1h4.4655+0.083%$1.7M$3.2M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4600−0.041%$12.7M$32.9M75xas long as short
Hyperliquid NEAR+0.0318%1h4.4626+0.018%$363.1M$317.3M10xas long as short
01 Exchange NEARUSD+0.0336%1h4.4614−0.009%$13K$6K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0358% / S −0.0259%1h4.4691+0.163%$262K100xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.4750+0.296%$2.3M$17.6M50xas long as short
Lighter NEARlong+0.0488%1h4.4618long leg$17.6M$24.0M15x
Lighter RH NEAR+0.0488%1h4.4634+0.036%$1.5M$6.5M10xas long as short
HTX NEAR-USDT+0.0509%8h4.4810+0.430%$474K$3.7M75xas long as short
Backpack NEAR_USDC_PERP+0.0572%1h4.4716+0.219%$1.1M$7.1M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.4606−0.027%$604K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.4594−0.054%$420K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.4334−0.637%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1049%1h4.4345−0.612%$6K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1763%1h4.4799+0.405%$2.0M$13.1M25xas long as short