Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.032%

Price spread now: Bitget against Lighter RH−0.262%7-day average −0.166% · 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−$34as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 7 days+0.151%+$15 · spread now −0.262%, 7d avg −0.166%

Together, before fees−0.312%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.096% cheaper against Lighter RH than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.166%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NEAR	4.3183	0.0512	pay 0.0064% / 1h	1m 33s	$1.6M	$7.0M	10x
Short	Bitget NEARUSDT	4.3070	0.0100	get 0.0100% / 8h	7h 01m	$71.3M	$122.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$86.52
Price spread: −0.262% → −0.166%: −$9.6
Slippage, 4 orders: −$12.47
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$120.59
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	2.31 bp	2.4 bp −$2	14.1 bp −$141	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.39 bp	9.8 bp −$10	16.1 bp −$161	29.5 bp −$2,955	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	4.3058	−0.289%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3095	−0.204%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3074	−0.252%	$2.1M	$13.2M	50x	as long as short
Phemex NEARUSDT	−0.0043%	8h	4.3070	−0.262%	$3.8M	$8.4M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3077	−0.245%	$380K	$18.7M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3117	−0.152%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3050	−0.308%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.292%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.106%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.3120	−0.146%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3070	−0.262%	$115K	$473K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3087	−0.222%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3121	−0.144%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3108	−0.174%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3090	−0.215%	$257.3M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3050	−0.308%	$220.4M	$416.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3080	−0.239%	$61.0M	$275.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3110	−0.169%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.138%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3071	−0.259%	$30.9M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3090	−0.215%	$74.3M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3100	−0.192%	$55.8M	$42.6M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.3070	−0.262%	$71.3M	$122.3M	75x
BingX NEAR-USDC	+0.0100%	8h	4.3080	−0.239%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.044%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.400%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.039%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3105	−0.181%	$202K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	−0.076%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3065	−0.273%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.039%	$455K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3080	−0.238%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3045	−0.319%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3059	−0.286%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	−0.100%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0238%	1h	4.3076	−0.248%	$1.9M	$3.9M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3044	−0.322%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0422%	1h	4.3090	−0.215%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3122	−0.141%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0469%	1h	4.3141	−0.097%	$365.9M	$301.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0491%	1h	4.3139	−0.102%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.081%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEARlong	+0.0512%	1h	4.3183	long leg	$1.6M	$7.0M	10x
Aftermath Perps NEARUSD	+0.1498%	1h	4.3229	+0.107%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3184	+0.003%	$17.3M	$24.8M	15x	as long as short