Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.086%

Price spread now: Lighter RH against MEXC+0.102%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.500%+$50 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.102%, 7d avg +0.137%

Together, before fees+0.499%+ Points / potential airdropLighter RH: Points live · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.035% cheaper against MEXC than usual: you would sell low and buy high (spread +0.102% now, against its 7-day average of +0.137%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.500% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.5010	0.0100	pay 0.0100% / 8h	6h 04m	$77.3M	$173.0M	200x
Short	Lighter RH NEAR	4.5056	0.0624	get 0.0078% / 1h	4m 34s	$1.6M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now +0.102%Rate

Funding earned: $110.04
Price spread: +0.102% → +0.137%: −$3.49
Slippage, 4 orders: −$13.95
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $92.59
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage from MEXC: live order book, 3 min ago; Lighter RH: live order book, 2 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 MEXC live order book, 3 min ago	1.11 bp	2.8 bp −$3	6.5 bp −$65	22.8 bp −$2,284	82.9 bp −$41.5K
Sell Lighter RH live order book, 2 min ago	1.77 bp	7.3 bp −$7	19.1 bp −$191	doesn't fit	doesn't fit

NEAR on 45 exchanges

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	4.5024	+0.031%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0141%	1h	4.4980	−0.067%	$7.4M	$37.8M	50x	as long as short
dYdX NEAR-USD	+0.0002%	1h	4.5000	−0.023%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5007	−0.007%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.998%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5000	−0.022%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5000	−0.022%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5000	−0.022%	$273.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4991	−0.042%	$233.0M	$433.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4970	−0.089%	$64.4M	$309.0M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5040	+0.067%	$228K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.200%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5002	−0.018%	$39.9M	$64.0M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.5010	long leg	$77.3M	$173.0M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.5040	+0.067%	$53.4M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5003	−0.016%	$74.7M	$129.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5000	−0.022%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5024	+0.032%	$9.0M	$17.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5068	+0.130%	$266K	$869K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5116	+0.236%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5020	+0.022%	$168K	$828K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5033	+0.051%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5027	+0.038%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5120	+0.244%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5005	−0.011%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5100	+0.200%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5020	+0.022%	$3.4M	$7.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0101%	8h	4.5110	+0.222%	$812K	$26.3M	2.2x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4992	−0.041%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4976	−0.076%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4999	−0.024%	$209K	$38K	3x	as long as short
01 Exchange NEARUSD	+0.0184%	1h	4.5013	+0.007%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5030	+0.044%	$12.9M	$32.9M	75x	as long as short
Hyperliquid NEAR	+0.0297%	1h	4.5104	+0.209%	$363.9M	$318.1M	10x	as long as short
Lighter NEAR	+0.0304%	1h	4.5057	+0.104%	$17.6M	$23.9M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.5002	−0.019%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0389%	1h	4.5000	−0.022%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5049	+0.087%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5007	−0.008%	$642K	$1.6M	10x	as long as short
Lighter RH NEARshort	+0.0624%	1h	4.5056	+0.102%	$1.6M	$6.1M	10x
Backpack NEAR_USDC_PERP	+0.0706%	1h	4.5079	+0.153%	$1.1M	$7.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0794%	1h	4.5051	+0.091%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5143	+0.295%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5039	+0.064%	$418K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1203%	1h	4.5072	+0.138%	$6K	$7K	10x	as long as short