Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.002%

Price spread now: Binance against Aevo−0.052%48s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.635% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.052%, 7d avg −0.004%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.048% cheaper against Aevo than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.004%). If the spread goes back, that is −$5 on $10k: about 6.1 days of funding at the current rate (+$1 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3725	0.0112	pay 0.0014% / 1h	57m 24s	$203K	$40K	3x
Short	Binance NEARUSDT	4.3702	0.0138	get 0.0138% / 8h	7h 57m	$264.0M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.052%Rate

Funding earned: $5.51
Price spread: −0.052% → −0.004%: −$4.82
Slippage, 4 orders: −$37.47
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.78
Costs to cover: 0.635%
Break-even: 86.7 days

Slippage from Aevo: live order book, 41 min ago; Binance: 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 Aevo live order book, 41 min ago	10.41 bp	24.5 bp −$25	113.7 bp −$1,137	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.14 bp	7.8 bp −$8	13.7 bp −$137	36.6 bp −$3,664	125.7 bp −$62.9K

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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3718	−0.016%	$7.2M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3629	−0.220%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3717	−0.017%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3639	−0.196%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.294%	$578	$301K	12x	as long as short
Gate NEAR_USDT	+0.0060%	8h	4.3706	−0.043%	$36.1M	$61.6M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3690	−0.080%	$115K	$500K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3701	−0.056%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3681	−0.101%	$220.4M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3620	−0.240%	$61.7M	$296.2M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3720	−0.011%	$229K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3688	−0.085%	$252K	$3K	10x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3700	−0.057%	$52.9M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3627	−0.224%	$72.2M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3629	−0.219%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3729	+0.009%	$253K	$892K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3710	−0.034%	$167K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3640	−0.194%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3730	+0.011%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3720	−0.011%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3729	+0.009%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3670	−0.126%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3706	−0.043%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3691	−0.077%	$3.6M	$16.3M	25x	as long as short
Aevo NEAR-PERPlong	+0.0112%	1h	4.3725	long leg	$203K	$40K	3x
MEXC NEAR_USDT	+0.0138%	8h	4.3650	−0.172%	$89.1M	$152.4M	200x	as long as short
Binance NEARUSDTshort	+0.0138%	8h	4.3702	−0.052%	$264.0M	$1.09B	75x
BingX NEAR-USDC	+0.0154%	8h	4.3710	−0.034%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0163%	8h	4.3681	−0.101%	$909K	$25.1M	2.2x	as long as short
Nado NEAR-PERP	+0.0223%	1h	4.3655	−0.160%	$1.7M	$3.2M	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0250%	8h	4.3771	+0.106%	$1.4M	$1.6M	10x	as long as short
BloFin NEAR-USDT	+0.0258%	8h	4.3770	+0.103%	$13.3M	$32.3M	75x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.3741	+0.037%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0304%	1h	4.3688	−0.085%	$352.5M	$317.2M	10x	as long as short
HTX NEAR-USDT	+0.0340%	8h	4.3790	+0.149%	$463K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0344% / S −0.0244%	1h	4.3679	−0.104%	$254K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3740	+0.034%	$2.3M	$17.0M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0631%	1h	4.3734	+0.021%	$1.1M	$7.2M	20x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.3764	+0.089%	$1.5M	$6.4M	10x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3658	−0.152%	$599K	$1.4M	10x	as long as short
Lighter NEAR	+0.0664%	1h	4.3772	+0.108%	$17.2M	$23.7M	15x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3720	−0.012%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3666	−0.135%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1082%	1h	4.3684	−0.093%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.3204%	1h	4.3865	+0.320%	$1.9M	$13.1M	25x	as long as short