Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.128%

Price spread now: HTX against Aevo+0.176%7-day average +0.235% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1841.837% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.571%+$57 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.176%, 7d avg +0.235%

Together, before fees+0.677%+$68 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: HTX is 0.059% cheaper against Aevo than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.235%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.4232	0.0104	pay 0.0013% / 1h	17m 46s	$206K	$40K	3x
Short	HTX NEAR-USDT	4.4310	0.0100	get 0.0100% / 8h	4h 17m	$459K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.176%Rate

Funding earned: −$0.84
Price spread: +0.176% → +0.235%: −$5.89
Slippage, 4 orders: −$155.73
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$190.45
Costs to cover: 1.837%
Break-even: never at this rate

Slippage from Aevo: live order book, 41 min ago; HTX: 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, 41 min ago	58.10 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	10.13 bp	24.5 bp −$25	73.2 bp −$732	doesn't fit	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	4.4202	−0.069%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4213	−0.043%	$2.3M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4220	−0.028%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4309	+0.174%	$599K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4218	−0.032%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.380%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	+0.266%	$114K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4254	+0.050%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4284	+0.117%	$272.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4231	−0.003%	$222.5M	$424.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4230	−0.005%	$63.0M	$300.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.303%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4243	+0.024%	$32.2M	$64.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4280	+0.108%	$74.8M	$149.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4250	+0.040%	$54.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4229	−0.007%	$72.7M	$130.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4190	−0.095%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.396%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	−0.060%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	−0.050%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4130	−0.231%	$170K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4355	+0.278%	$247K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4245	+0.029%	$57K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4300	+0.153%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4310	+0.176%	$459K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4260	+0.063%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4228	−0.010%	$32K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.4232	long leg	$206K	$40K	3x
SoDEX NEAR-USD	+0.0147%	1h	4.4240	+0.018%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4310	+0.176%	$13.8M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0310%	8h	4.4270	+0.085%	$3.0M	$5.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0320%	1h	4.4263	+0.070%	$1.4M	$6.5M	20x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4208	−0.055%	$235K	—	100x	as long as short
01 Exchange NEARUSD	+0.0328%	1h	4.4416	+0.416%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0341%	1h	4.4290	+0.131%	$365.4M	$324.7M	10x	as long as short
Extended NEAR-USD	+0.0392%	1h	4.4226	−0.015%	$4.0M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.4218	−0.032%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4240	+0.018%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4258	+0.058%	$8.2M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0648%	1h	4.4303	+0.160%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.128%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0858%	1h	4.4269	+0.083%	$2.0M	$7.3M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4406	+0.392%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.4314	+0.185%	$17.9M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1545%	1h	4.4170	−0.140%	$5K	$12K	10x	as long as short