Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0481%/8h= −52.7% APRpaid last 24h +0.020%

Price spread now: HTX against Arcus+0.158%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.623%+$62 · spread now +0.158%, 7d avg +0.167%

Together, before fees+0.679%+$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.167%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.056% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4240	0.0581	pay 0.0073% / 1h	17m 33s	$219K	$1.8M	10x
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 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

Position, each leg$Hold fordaysFee ArcusbpFee HTXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$100.98
Price spread: +0.158% → +0.167%: −$0.85
Slippage, 4 orders: −$42.65
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$160.98
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 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 Arcus live order book, 1 min ago	3.38 bp	6.8 bp −$7	14.7 bp −$147	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	4.4159	−0.184%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4213	−0.061%	$2.3M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4220	−0.046%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4309	+0.156%	$599K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4218	−0.050%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.397%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4160	−0.181%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4254	+0.032%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4214	−0.058%	$272.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4148	−0.208%	$222.1M	$424.6M	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	4.4160	−0.181%	$62.9M	$299.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.320%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4228	−0.027%	$32.2M	$64.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4280	+0.090%	$74.8M	$149.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4250	+0.023%	$54.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4169	−0.160%	$72.6M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4200	−0.090%	—	$147.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.414%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4247	+0.016%	$265K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4281	+0.092%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−0.136%	$170K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4191	−0.111%	$246K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4245	+0.011%	$57K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4300	+0.136%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4310	+0.158%	$459K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4260	+0.045%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4228	−0.028%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4232	−0.018%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0147%	1h	4.4240	0.000%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4310	+0.158%	$13.8M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0310%	8h	4.4231	−0.019%	$3.0M	$5.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0320%	1h	4.4263	+0.052%	$1.4M	$6.5M	20x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4208	−0.073%	$235K	—	100x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4227	−0.029%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0341%	1h	4.4290	+0.113%	$365.4M	$324.7M	10x	as long as short
Extended NEAR-USD	+0.0392%	1h	4.4217	−0.051%	$4.0M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0543%	1h	4.4175	−0.147%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USDlong	+0.0581%	1h	4.4240	long leg	$219K	$1.8M	10x
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4258	+0.041%	$8.2M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0648%	1h	4.4303	+0.142%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.111%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0858%	1h	4.4269	+0.066%	$2.0M	$7.3M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4219	−0.048%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.4314	+0.167%	$17.9M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1545%	1h	4.4170	−0.158%	$5K	$12K	10x	as long as short