Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0700%/8h= +76.6% APRpaid last 24h +0.231%

Price spread now: Lighter against SunX+0.134%7-day average +0.023% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.802%+$80 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.134%, 7d avg +0.023%

Together, before fees+0.662%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.110% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4010	0.0100	pay 0.0100% / 8h	1h 14m	$1K	$1.3M	20x
Short	Lighter NEAR	4.4069	0.0800	get 0.0100% / 1h	14m 56s	$17.3M	$25.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.134%Rate

Funding earned: $147
Price spread: +0.134% → +0.023%: $11.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $150.04
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; Lighter: live order book, 4 min ago. Net counts fees only.

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 SunX live order book, 9 min ago	501.42 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.88 bp	6.8 bp −$7	15.5 bp −$155	62.0 bp −$6,201	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	4.3944	−0.149%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3941	−0.156%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3907	−0.234%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.908%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4000	−0.023%	$111K	$484K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3980	−0.068%	$222.8M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3970	−0.091%	$62.0M	$294.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	+0.318%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3966	−0.100%	$35.7M	$62.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4020	+0.023%	$53.3M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3981	−0.066%	$72.7M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3847	−0.370%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4016	+0.013%	$257K	$918K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4000	−0.023%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3972	−0.086%	$291K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4000	−0.023%	$59K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4010	long leg	$1K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.4030	+0.045%	$460K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4000	−0.023%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.3955	−0.126%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0109%	8h	4.4271	+0.593%	$1.5M	$1.5M	10x	as long as short
Extended NEAR-USD	+0.0112%	1h	4.3987	−0.053%	$3.6M	$18.1M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.4000	−0.023%	$205K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0149%	1h	4.4005	−0.011%	$5K	$53K	10x	as long as short
BingX NEAR-USDC	+0.0200%	8h	4.3990	−0.045%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.4010	0.000%	$78.8M	$149.8M	200x	as long as short
Binance NEARUSDT	+0.0212%	8h	4.4010	0.000%	$268.0M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0240%	8h	4.3953	−0.130%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0289%	8h	4.3980	−0.068%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0199%	1h	4.3909	−0.229%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0332%	8h	4.4050	+0.091%	$13.6M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0413%	1h	4.4007	−0.007%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4000	−0.023%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3996	−0.032%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0512%	1h	4.4033	+0.052%	$359.3M	$313.4M	10x	as long as short
Nado NEAR-PERP	+0.0546%	1h	4.3955	−0.124%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0663%	1h	4.4003	−0.015%	$7.3M	$38.2M	50x	as long as short
Lighter NEARshort	+0.0800%	1h	4.4069	+0.134%	$17.3M	$25.3M	15x
Arcus NEAR-USD	+0.0880%	1h	4.4010	0.000%	$227K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.4071	+0.139%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4002	−0.018%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1092%	1h	4.4026	+0.036%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3950	−0.137%	$419K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3961	−0.112%	$664K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1303%	1h	4.4077	+0.152%	$5K	$12K	10x	as long as short