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 −0.001%

Price spread now: OKX against Aevo+0.208%50s7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as 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−$1571.566% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.596%−$60 · spread now +0.208%, 7d avg −0.050%

Together, before fees−0.608%−$61 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: OKX is 0.258% dearer against Aevo than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 50 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	4.4088	0.0104	pay 0.0013% / 1h	23m 36s	$205K	$40K	3x
Short	OKX NEAR-USDT-SWAP	4.4180	0.0100	get 0.0100% / 8h	4h 23m	$62.8M	$300.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$0.84
Price spread: +0.208% → −0.050%: $25.84
Slippage, 4 orders: −$130.64
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$131.64
Costs to cover: 1.566%
Break-even: never at this rate

Slippage from Aevo: live order book, 35 min ago; OKX: live order book, 5 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, 35 min ago	58.10 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.14 bp	8.8 bp −$9	16.4 bp −$164	33.7 bp −$3,372	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	4.4207	+0.270%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4046	−0.096%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4092	+0.008%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4084	−0.010%	$587K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4039	−0.112%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.075%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	+0.231%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4132	+0.099%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4232	+0.325%	$271.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4168	+0.181%	$222.0M	$424.1M	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-SWAPshort	+0.0100%	8h	4.4180	+0.208%	$62.8M	$300.1M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4098	+0.023%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4113	+0.056%	$32.0M	$63.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4130	+0.095%	$74.4M	$149.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4110	+0.049%	$54.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4226	+0.312%	$72.7M	$130.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4150	+0.140%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3777	−0.706%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.131%	$264K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3860	−0.518%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	−0.087%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4241	+0.346%	$233K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4063	−0.057%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4180	+0.208%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4065	−0.053%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.208%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	+0.027%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4140	+0.118%	$32K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.4088	long leg	$205K	$40K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.4040	−0.110%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0279%	1h	4.4141	+0.120%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0280%	1h	4.4250	+0.367%	$364.9M	$324.3M	10x	as long as short
Aster NEARUSDT	+0.0299%	8h	4.4163	+0.169%	$3.0M	$5.5M	50x	as long as short
Extended NEAR-USD	+0.0312%	1h	4.4113	+0.056%	$3.9M	$19.7M	25x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.4245	+0.355%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.4038	−0.113%	$232K	—	100x	as long as short
Nado NEAR-PERP	+0.0527%	1h	4.4166	+0.177%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0568%	1h	4.4155	+0.151%	$1.5M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4230	+0.321%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4099	+0.023%	$8.1M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4201	+0.256%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0795%	1h	4.4080	−0.019%	$2.0M	$7.3M	25x	as long as short
Lighter NEAR	+0.0896%	1h	4.4208	+0.271%	$17.8M	$26.5M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4221	+0.300%	$587K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1512%	1h	4.4047	−0.094%	$5K	$12K	10x	as long as short