Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Aevo−0.132%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.306%−$31 · spread now −0.132%, 7d avg −0.019%

Together, before fees−0.366%−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.113% cheaper against Aevo than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.1530	0.0104	pay 0.0013% / 1h	32m 59s	$201K	$65K	3x
Short	Bitget NEARUSDT	4.1475	0.0100	get 0.0100% / 8h	2h 32m	$69.1M	$127.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$0.84
Price spread: −0.132% → −0.019%: −$11.31
Slippage, 4 orders: −$37.65
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.8
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from Aevo: live order book, 55 min ago; Bitget: live order book, 1 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, 55 min ago	10.89 bp	24.6 bp −$25	104.0 bp −$1,040	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.12 bp	8.9 bp −$9	12.7 bp −$127	22.4 bp −$2,244	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	4.1540	+0.025%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1562	+0.077%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1551	+0.050%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1594	+0.154%	$413K	$19.1M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1564	+0.082%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1549	+0.046%	$206K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.926%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1580	+0.120%	$108K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1575	+0.108%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1560	+0.072%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1570	+0.097%	$368K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1501	−0.069%	$236.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1470	−0.144%	$211.5M	$428.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1480	−0.120%	$56.7M	$278.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.699%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1531	+0.002%	$29.6M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1480	−0.120%	$80.9M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1550	+0.048%	$56.2M	$45.2M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.1475	−0.132%	$69.1M	$127.9M	75x
BingX NEAR-USDT	+0.0100%	8h	4.1510	−0.048%	—	$136.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1354	−0.425%	$7.6M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1479	−0.122%	$236K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1528	−0.004%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1450	−0.193%	$182K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1606	+0.183%	$207K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1543	+0.031%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1600	+0.169%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1525	−0.012%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1540	+0.024%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1470	−0.144%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.1530	long leg	$201K	$65K	3x
Arcus NEAR-USD	+0.0118%	1h	4.1600	+0.169%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1541	+0.027%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1580	+0.120%	$12.2M	$33.8M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.1594	+0.154%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0318%	1h	4.1588	+0.139%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.1593	+0.152%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0317%	1h	4.1540	+0.025%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1601	+0.170%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1650	+0.289%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.1575	+0.108%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0896%	1h	4.1613	+0.200%	$15.4M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1006%	1h	4.1405	−0.302%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1088%	1h	4.1599	+0.166%	$349.9M	$301.5M	10x	as long as short
HTX NEAR-USDT	+0.1126%	8h	4.1710	+0.433%	$448K	$3.8M	75x	as long as short