Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Orderly against Aevo+0.080%7-day average −0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.080%, 7d avg −0.003%

Together, before fees−0.145%−$15 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: Orderly is 0.083% dearer against Aevo than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3680	0.0104	pay 0.0013% / 1h	53m 40s	$203K	$40K	3x
Short	Orderly PERP_NEAR_USDC	4.3715	0.0100	get 0.0100% / 8h	3h 53m	$56K	$242K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.080%Rate

Funding earned: −$0.84
Price spread: +0.080% → −0.003%: $8.32
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 65 min ago; Orderly: no order-book sample. Net counts fees only.

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, 65 min ago	58.10 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3678	−0.004%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3502	−0.408%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3669	−0.025%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.197%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3741	+0.140%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3480	−0.458%	$107K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3516	−0.375%	$267.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3470	−0.481%	$219.3M	$424.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	−0.458%	$61.9M	$292.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.209%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3760	+0.183%	$32.0M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3570	−0.252%	$74.9M	$143.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3430	−0.572%	$54.1M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3429	−0.574%	$71.4M	$129.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3460	−0.504%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	−0.097%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3758	+0.178%	$263K	$941K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3610	−0.160%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.115%	$168K	$800K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3766	+0.197%	$249K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.3715	+0.080%	$56K	$242K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3810	+0.298%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3770	+0.206%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3710	+0.069%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3399	−0.643%	$31K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3680	long leg	$203K	$40K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.3810	+0.298%	$13.8M	$32.4M	75x	as long as short
Kalshi KXNEARPERP	+0.0233%	8h	4.3774	+0.215%	$599K	$22.7M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3552	−0.293%	$414K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3670	−0.023%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3673	−0.015%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0380%	1h	4.3665	−0.034%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0527%	1h	4.3703	+0.053%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0544%	1h	4.3491	−0.433%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0612%	1h	4.3680	0.000%	$360.0M	$317.6M	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3392	−0.659%	$3.9M	$19.7M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3510	−0.389%	$214K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0689%	1h	4.3716	+0.083%	$1.9M	$7.9M	25x	as long as short
Nado NEAR-PERP	+0.0691%	1h	4.3485	−0.446%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3680	+0.001%	$7.8M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3982	+0.692%	$1.8M	$2.8M	10x	as long as short
Lighter RH NEAR	+0.0856%	1h	4.3651	−0.066%	$1.6M	$7.2M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3507	−0.395%	$596K	$1.4M	10x	as long as short
Lighter NEAR	+0.1416%	1h	4.3703	+0.052%	$17.6M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1624%	1h	4.3780	+0.229%	$5K	$12K	10x	as long as short