Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −0.070%
Price spread now: Bitget against Arcus−0.353%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$310.307% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.354%−$35 on $10k
Price spread, last 7 days+0.336%+$34 · spread now −0.353%, 7d avg −0.067%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.286% cheaper against Arcus than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus NEAR-USD4.50900.0343pay 0.0043% / 1h57m 53s$228K$1.4M10x
ShortBitget NEARUSDT4.49310.0100get 0.0100% / 8h5h 57m$74.5M$127.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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

Funding earned
−$51.03
Price spread: −0.353% → −0.067%
−$28.55
Slippage, 4 orders
−$14.24
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$110.32
Costs to cover
0.307%
Break-even
never at this rate
Slippage from Arcus: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 4 min ago3.33 bp5.6 bp −$69.4 bp −$94doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.11 bp8.3 bp −$813.6 bp −$13634.8 bp −$3,477doesn't fit

NEAR on 45 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0235%1h4.4916−0.385%$7.4M$37.1M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.5014−0.169%$2K20xas long as short
Kalshi KXNEARPERP0.0000%8h4.4933−0.348%$810K$26.1M2.2xas long as short
dYdX NEAR-USD+0.0002%1h4.5120+0.066%$111K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4978−0.249%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.161%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5030−0.133%$124K$508K50xas long as short
Aster NEARUSDT+0.0100%8h4.4959−0.290%$2.7M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.4971−0.264%$273.3M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4937−0.339%$232.4M$429.2M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4920−0.377%$64.3M$300.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+0.022%$269K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4937−0.339%$39.8M$61.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4950−0.310%$76.7M$166.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4970−0.266%$53.4M$44.3M75xas long as short
Bitget NEARUSDTshort+0.0100%8h4.4931−0.353%$74.5M$127.9M75x
BingX NEAR-USDT+0.0100%8h4.4940−0.333%$77.6Mas long as short
Variational Omni NEAR+0.0100%8h4.5024−0.145%$8.9M$17.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.5026−0.143%$266K$871K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5020−0.155%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.5030−0.133%$168K$825K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5048−0.093%$282K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4969−0.268%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5100+0.022%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4940−0.333%$5K$40K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5010−0.177%$467K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4930−0.355%$3.4M$7.9M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.5033−0.126%$33K$5110xas long as short
Extended NEAR-USD+0.0104%1h4.4930−0.354%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4930−0.355%$209K$38K3xas long as short
Nado NEAR-PERP+0.0183%1h4.5028−0.138%$1.7M$3.1M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.5110+0.044%$12.9M$32.9M75xas long as short
01 Exchange NEARUSD+0.0304%1h4.5082−0.018%$13K$5K10xas long as short
Lighter NEAR+0.0320%1h4.4984−0.236%$17.6M$23.2M15xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0342% / S −0.0235%1h4.5083−0.016%$259K100xas long as short
Arcus NEAR-USDlong+0.0343%1h4.5090long leg$228K$1.4M10x
Lighter RH NEAR+0.0392%1h4.4996−0.208%$1.6M$5.7M10xas long as short
Hyperliquid NEAR+0.0419%1h4.4994−0.213%$362.9M$318.5M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.5049−0.091%$639K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.5111+0.047%$2.3M$17.8M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0618%1h4.4969−0.268%$1.9M$13.0M25xas long as short
Backpack NEAR_USDC_PERP+0.0650%1h4.4975−0.255%$1.1M$7.0M20xas long as short
Phoenix NEAR+0.0851%1h4.5120+0.067%$1.7M$2.4M10xas long as short
Pacifica NEAR+0.0851%1h4.5087−0.007%$424K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1188%1h4.5068−0.050%$6K$6K10xas long as short