Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.011%

Price spread now: Bybit against Aevo−0.020%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1271.275% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.020%, 7d avg −0.049%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.029% dearer against Aevo than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.049%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3329	0.0128	pay 0.0016% / 1h	41m 03s	$201K	$38K	3x
Short	Bybit NEARUSDT	4.3320	0.0100	get 0.0100% / 8h	41m 03s	$218.5M	$430.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$5.88
Price spread: −0.020% → −0.049%: $2.9
Slippage, 4 orders: −$100.49
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130.47
Costs to cover: 1.275%
Break-even: never at this rate

Slippage from Aevo: live order book, 63 min ago; Bybit: live order book, 3 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, 63 min ago	10.03 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.16 bp	7.7 bp −$8	12.0 bp −$120	29.5 bp −$2,946	118.5 bp −$59.2K

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	4.3318	−0.024%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3281	−0.109%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3329	+0.001%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3309	−0.044%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.428%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3350	+0.049%	$110K	$496K	50x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3320	−0.020%	$218.5M	$430.1M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3300	−0.066%	$61.0M	$291.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3597	+0.619%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3319	−0.022%	$35.3M	$62.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3350	+0.049%	$52.5M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3306	−0.052%	$71.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3267	−0.143%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3186	−0.330%	$250K	$897K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3210	−0.274%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.112%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3360	+0.072%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3354	+0.058%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3360	+0.072%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3340	+0.026%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3350	+0.049%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3280	−0.112%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3319	−0.022%	$3.6M	$17.3M	25x	as long as short
HTX NEAR-USDT	+0.0114%	8h	4.3510	+0.418%	$466K	$3.8M	75x	as long as short
Aevo NEAR-PERPlong	+0.0128%	1h	4.3329	long leg	$201K	$38K	3x
Kalshi KXNEARPERP	+0.0193%	8h	4.3342	+0.031%	$939K	$25.2M	2.2x	as long as short
Binance NEARUSDT	+0.0204%	8h	4.3330	+0.003%	$263.1M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0205%	8h	4.3330	+0.003%	—	$145.0M	—	as long as short
MEXC NEAR_USDT	+0.0206%	8h	4.3350	+0.049%	$83.4M	$150.0M	200x	as long as short
Aster NEARUSDT	+0.0212%	8h	4.3327	−0.005%	$2.7M	$4.8M	50x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.3333	+0.010%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0313%	1h	4.3369	+0.093%	$350.2M	$317.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3327	−0.005%	$233K	—	100x	as long as short
BloFin NEAR-USDT	+0.0324%	8h	4.3370	+0.095%	$13.3M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0420%	1h	4.3361	+0.075%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.3321	−0.017%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3345	+0.038%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.3394	+0.151%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3330	+0.003%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0760%	1h	4.3400	+0.165%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3325	−0.007%	$408K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.128%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3338	+0.022%	$618K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1273%	1h	4.3347	+0.042%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1712%	1h	4.3418	+0.206%	$1.9M	$13.2M	25x	as long as short