Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Binance−0.010%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.491%+$49 · spread now −0.010%, 7d avg −0.007%

Together, before fees+0.530%+$53 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.1420	0.0100	pay 0.0100% / 8h	2h 24m	$235.8M	$1.08B	75x
Short	Aevo NEAR-PERP	4.1416	0.0104	get 0.0013% / 1h	24m 54s	$201K	$65K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.010%Rate

Funding earned: $0.84
Price spread: −0.010% → −0.007%: −$0.28
Slippage, 4 orders: −$34.71
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$60.15
Costs to cover: 0.607%
Break-even: 508.3 days

Slippage from Binance: live order book, 4 min ago; Aevo: live order book, 64 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 Binance live order book, 4 min ago	1.21 bp	7.8 bp −$8	12.5 bp −$125	25.1 bp −$2,510	104.8 bp −$52.4K
Sell Aevo live order book, 64 min ago	10.89 bp	21.3 bp −$21	99.1 bp −$991	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	4.1446	+0.062%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1456	+0.087%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1468	+0.117%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1459	+0.094%	$412K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1425	+0.013%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.666%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0064%	1h	4.1453	+0.080%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1460	+0.097%	$109K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1451	+0.075%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1440	+0.048%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1473	+0.129%	$367K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.1420	long leg	$235.8M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1393	−0.065%	$210.7M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1400	−0.048%	$56.6M	$276.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1550	+0.314%	$237K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1417	−0.007%	$29.5M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1420	0.000%	$81.2M	$143.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1450	+0.072%	$56.0M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1417	−0.007%	$69.0M	$127.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1410	−0.024%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1444	+0.057%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1419	−0.004%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1420	0.000%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1420	0.000%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1482	+0.150%	$200K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1426	+0.014%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1510	+0.217%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1414	−0.014%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1410	−0.024%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1405	−0.035%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.1416	−0.010%	$201K	$65K	3x
Arcus NEAR-USD	+0.0118%	1h	4.1480	+0.145%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1432	+0.028%	$7.1M	$36.6M	50x	as long as short
01 Exchange NEARUSD	+0.0216%	1h	4.1485	+0.157%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1430	+0.024%	$12.3M	$33.8M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.1468	+0.116%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0341%	1h	4.1465	+0.108%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1423	+0.007%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1482	+0.149%	$414K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1501	+0.196%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0787%	1h	4.1474	+0.130%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0840%	1h	4.1502	+0.197%	$15.4M	$22.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1007%	1h	4.1469	+0.119%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1015%	1h	4.1483	+0.152%	$348.9M	$301.9M	10x	as long as short
HTX NEAR-USDT	+0.1110%	8h	4.1580	+0.386%	$447K	$3.7M	75x	as long as short