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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.211%
Price spread now: 01 Exchange against Backpack+0.292%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.292% dearer against Backpack than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack NEAR_USDC_PERP4.45080.0217pay 0.0027% / 1h47m 42s$1.4M$6.6M20x
Short01 Exchange NEARUSD4.46380.0264get 0.0033% / 1h47m 42s$13K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Backpack. 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
$9.8
Price spread: +0.292% → 0.000%
$29.21
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$22.01
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Backpack: live order book, 1 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 1 min ago3.14 bp8.1 bp −$816.7 bp −$167doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4520+0.027%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4456−0.117%$2.2M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4452−0.125%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4550+0.094%$621K$22.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4519+0.024%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.961%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4620+0.252%$118K$515K50xas long as short
Pacifica NEAR+0.0100%1h4.4469−0.088%$425K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4497−0.024%$272.8M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4450−0.130%$222.6M$424.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4440−0.153%$63.6M$302.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+1.330%$257K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4501−0.016%$32.1M$62.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4530+0.049%$75.8M$147.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4540+0.072%$55.3M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4438−0.157%$73.1M$130.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4440−0.153%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4797+0.650%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4912+0.908%$269K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4926+0.938%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4870+0.813%$172K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4612+0.234%$240K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4506−0.004%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4550+0.094%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4477−0.070%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4570+0.139%$464K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4480−0.063%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4587+0.178%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4485−0.052%$207K$40K3xas long as short
Extended NEAR-USD+0.0208%1h4.4475−0.074%$4.0M$19.6M25xas long as short
Backpack NEAR_USDC_PERPlong+0.0217%1h4.4508long leg$1.4M$6.6M20x
BloFin NEAR-USDT+0.0220%8h4.4660+0.342%$14.2M$33.5M75xas long as short
Hyperliquid NEAR+0.0237%1h4.4479−0.065%$368.5M$325.5M10xas long as short
01 Exchange NEARUSDshort+0.0264%1h4.4638+0.292%$13K$7K10x
Deribit NEAR_USDC-PERPETUAL+0.0267%1h4.4499−0.020%$2.0M$6.6M25xas long as short
Aster NEARUSDT+0.0302%8h4.4518+0.022%$3.1M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0338% / S −0.0216%1h4.4528+0.046%$249K100xas long as short
Lighter RH NEAR+0.0472%1h4.4518+0.022%$1.6M$7.1M10xas long as short
Nado NEAR-PERP+0.0512%1h4.4557+0.110%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4670+0.364%$221K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0584%1h4.4474−0.077%$8.2M$40.2M50xas long as short
Lighter NEAR+0.0712%1h4.4533+0.056%$17.9M$26.2M15xas long as short
Phoenix NEAR+0.0794%1h4.4822+0.705%$1.9M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4662+0.346%$564K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1574%1h4.4772+0.593%$6K$12K10xas long as short