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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.081%
Price spread now: Paradex against Lighter RH−0.090%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Paradex is 0.090% cheaper against Lighter RH than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH NEAR4.36840.0496pay 0.0062% / 1h6m 22s$1.5M$6.8M10x
ShortParadex NEAR-USD-PERP4.36450.0101get 0.0101% / 8h6m 22s$32K$58510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
−$83
Price spread: −0.090% → 0.000%
−$8.97
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$95.96
Costs to cover
0.040%
Break-even
never at this rate
Slippage unknown: Lighter RH: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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 RH live order book, 2 min ago3.42 bp5.3 bp −$510.9 bp −$109doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Reya NEARRUSDPERP−0.0171%1h4.3559−0.286%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3619−0.149%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3561−0.282%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3651−0.076%$7.2M$38.6M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.206%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3580−0.238%$114K$499K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3543−0.323%$220.2M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3550−0.307%$61.5M$295.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3750+0.151%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3567−0.268%$35.8M$63.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3580−0.238%$52.8M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3549−0.309%$72.0M$127.9M75xas long as short
Variational Omni NEAR+0.0100%8h4.3490−0.445%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3477−0.475%$252K$894K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3514−0.390%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3440−0.559%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3604−0.183%$275K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3564−0.275%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3710+0.060%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3557−0.291%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3670−0.032%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERPshort+0.0101%8h4.3645−0.090%$32K$58510x
Extended NEAR-USD+0.0104%1h4.3565−0.273%$3.6M$16.5M25xas long as short
Aster NEARUSDT+0.0116%8h4.3583−0.231%$2.7M$4.8M50xas long as short
Aevo NEAR-PERP+0.0120%1h4.3564−0.274%$203K$38K3xas long as short
Hyperliquid NEAR+0.0140%1h4.3604−0.183%$351.5M$316.0M10xas long as short
Binance NEARUSDT+0.0150%8h4.3583−0.231%$263.3M$1.09B75xas long as short
MEXC NEAR_USDT+0.0152%8h4.3580−0.238%$89.5M$154.4M200xas long as short
HTX NEAR-USDT+0.0155%8h4.3750+0.151%$466K$3.8M75xas long as short
BingX NEAR-USDT+0.0162%8h4.3570−0.261%$144.3Mas long as short
Kalshi KXNEARPERP+0.0171%8h4.3667−0.039%$959K$25.1M2.2xas long as short
01 Exchange NEARUSD+0.0232%1h4.3604−0.183%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0272%8h4.3690+0.014%$13.4M$32.2M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0342% / S −0.0240%1h4.3643−0.095%$255K100xas long as short
Nado NEAR-PERP+0.0366%1h4.3595−0.204%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0469%1h4.3716+0.073%$1.1M$7.2M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3761+0.176%$2.3M$17.0M50xas long as short
Lighter RH NEARlong+0.0496%1h4.3684long leg$1.5M$6.8M10x
Lighter NEAR+0.0536%1h4.3687+0.007%$17.2M$25.4M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3610−0.169%$228K$1.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0646%1h4.3580−0.238%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3653−0.070%$411K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3865+0.414%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3590−0.216%$604K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1125%1h4.3631−0.120%$5K$7K10xas long as short