Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0820%/8h= −89.8% APRpaid last 24h −0.057%

Price spread now: Binance against Lighter RH−0.071%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.470%−$47 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.071%, 7d avg −0.128%

Together, before fees−0.511%+ Points / potential airdropLighter RH: Points live · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.057% dearer against Lighter RH than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.128%): +$6 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.470% in total) that is about 20 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.470% in total (about -24.5% 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	Lighter RH NEAR	4.3233	0.0920	pay 0.0115% / 1h	7m 10s	$1.5M	$7.4M	10x
Short	Binance NEARUSDT	4.3202	0.0100	get 0.0100% / 8h	3h 07m	$263.9M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.071%Rate

Funding earned: −$172.2
Price spread: −0.071% → −0.128%: $5.71
Slippage, 4 orders: −$14.33
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$190.81
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; Binance: live order book, 7 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, 1 min ago	3.24 bp	5.5 bp −$6	11.7 bp −$117	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.15 bp	7.7 bp −$8	13.6 bp −$136	37.8 bp −$3,778	109.4 bp −$54.7K

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	4.3172	−0.140%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3157	−0.175%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3150	−0.192%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.217%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3234	+0.002%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3200	−0.076%	$110K	$501K	50x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.3202	−0.071%	$263.9M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3163	−0.162%	$213.6M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3170	−0.146%	$61.1M	$286.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.500%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3149	−0.194%	$32.1M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3200	−0.076%	$74.0M	$146.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3200	−0.076%	$53.6M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3157	−0.176%	$71.2M	$127.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3170	−0.146%	—	$144.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	+0.032%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	−0.206%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	−0.063%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	−0.238%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3210	−0.053%	$270K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3191	−0.097%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.109%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	+0.109%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3200	−0.076%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3155	−0.181%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3195	−0.088%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	−0.053%	$13.5M	$31.9M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3181	−0.121%	$398K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0264%	8h	4.3199	−0.079%	$869K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3152	−0.188%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3190	−0.099%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0335%	1h	4.3175	−0.134%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3256	+0.053%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0559%	1h	4.3158	−0.175%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.3162	−0.165%	$3.8M	$19.8M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.3191	−0.097%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0584%	1h	4.3206	−0.061%	$353.9M	$312.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3240	+0.016%	$212K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.3179	−0.126%	$7.6M	$38.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0816%	1h	4.3198	−0.081%	$1.9M	$9.9M	25x	as long as short
Lighter RH NEARlong	+0.0920%	1h	4.3233	long leg	$1.5M	$7.4M	10x
Phoenix NEAR	+0.0941%	1h	4.3324	+0.210%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1072%	1h	4.3251	+0.042%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3230	−0.006%	$671K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1581%	1h	4.3250	+0.040%	$5K	$12K	10x	as long as short