NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0596%/8h= −65.3% APRnext payment −$0.75 per $10,000 · paid last 24h −0.036%

Price spread now: ApeX Omni against Lighter RH−1.139%78s7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.383% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.408%−$41 on $10k

Price spread, last 4 days (all we have)+1.091%+$109 · spread now −1.139%, 7d avg −0.073%

Together, before fees+0.683%+ Points / potential airdropLighter RH: Points live · farm board+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and ApeX Omni is 1.066% cheaper against Lighter RH than usual: you would sell low and buy high (−$107 if the spread goes back to its 7-day average of −0.073%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.408% in total (about -21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 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 RH NEAR	4.3900	0.0696	pay 0.0087% / 1h	34m 11s	$1.6M	$6.9M	10x
Short	ApeX Omni NEARUSDT	4.3400	0.0100	get 0.0013% / 1h	34m 11s	$180K	$775K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −1.139%Rate

Funding earned: −$125.16
Price spread: −1.139% → −0.073%: −$106.63
Slippage, 4 orders: −$28.32
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$270.11
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; ApeX Omni: live order book, 35 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 RH live order book, 4 min ago	2.19 bp	4.7 bp −$5	11.1 bp −$111	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	5.79 bp	16.3 bp −$16	90.0 bp −$900	doesn't fit	doesn't fit

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	4.3914	+0.033%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3820	−0.182%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3833	−0.153%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3848	−0.118%	$542K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3909	+0.021%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.672%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	−0.801%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3840	−0.137%	$117K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3869	−0.071%	$59K	$163K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3870	−0.069%	$415K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3859	−0.093%	$262.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3833	−0.153%	$223.0M	$420.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3850	−0.114%	$62.0M	$285.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3870	−0.068%	$208K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−1.027%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3866	−0.077%	$31.6M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3870	−0.068%	$76.2M	$138.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3860	−0.091%	$56.2M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3866	−0.077%	$72.5M	$123.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3880	−0.046%	—	$142.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−1.512%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−1.277%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.3400	−1.139%	$180K	$775K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3926	+0.059%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3910	+0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3830	−0.159%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4050	+0.342%	$455K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.137%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3840	−0.137%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3824	−0.173%	$3.9M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3881	−0.044%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0129%	8h	4.3920	+0.046%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3852	−0.109%	$7.7M	$40.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0278%	1h	4.3901	+0.003%	$263K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.3874	−0.059%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0409%	1h	4.3885	−0.034%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3870	−0.069%	$547K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−1.062%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0594%	1h	4.3884	−0.036%	$1.9M	$4.1M	25x	as long as short
Lighter RH NEARlong	+0.0696%	1h	4.3900	long leg	$1.6M	$6.9M	10x
Hyperliquid NEAR	+0.0784%	1h	4.3935	+0.080%	$368.7M	$303.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0839%	1h	4.3915	+0.034%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1427%	1h	4.3483	−0.950%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3941	+0.094%	$17.5M	$24.8M	15x	as long as short