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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against Binance−0.479%54s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$450.451% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.750%+$75 · spread now −0.479%, 7d avg +0.010%
Together, before fees+0.750%+$75 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: Bulk is 0.489% cheaper against Binance than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NEARUSDT4.17000.0100pay 0.0100% / 8h1h 35m$238.4M$1.07B75x
ShortBulk NEAR-USD4.15000.0100get 0.0013% / 1h35m 44s$236K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$0
Price spread: −0.479% → +0.010%
−$48.93
Slippage, 4 orders
−$28.06
Fee Binance: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$93.99
Costs to cover
0.451%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Bulk: live order book, 48 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 Binance live order book, 8 min ago1.20 bp6.2 bp −$610.7 bp −$10725.4 bp −$2,53994.7 bp −$47.4K
Sell Bulk live order book, 48 min ago12.09 bp15.6 bp −$1635.7 bp −$35739.4 bp −$3,93751.7 bp −$25.8K

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%1h4.1573−0.304%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1544−0.374%$2.1M$12.6M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410−0.695%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.1675−0.061%$108K$58K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1526−0.417%$434K$18.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1634−0.159%$206K150xas long as short
Kraken Futures PF_NEARUSD+0.0049%1h4.1679−0.050%$7.6M$36.8M50xas long as short
01 Exchange NEARUSD+0.0056%1h4.1544−0.374%$12K$7K10xas long as short
Lighter RH NEAR+0.0096%1h4.1708+0.019%$1.4M$6.9M10xas long as short
Popdex NEARUSDT+0.0096%1h4.1520−0.432%$111K$482K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0099%8h4.1629−0.170%$54K$155K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1676−0.058%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1683−0.041%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.1716+0.039%$361K$1.2M10xas long as short
Binance NEARUSDTlong+0.0100%8h4.1700long leg$238.4M$1.07B75x
Bybit NEARUSDT+0.0100%8h4.1720+0.048%$212.5M$422.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.17000.000%$57.2M$275.5M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1540−0.384%$308K$1.6M10xas long as short
Bulk NEAR-USDshort+0.0100%1h4.1500−0.479%$236K$4K10x
Gate NEAR_USDT+0.0100%8h4.1648−0.125%$29.8M$57.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1710+0.024%$82.0M$141.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1650−0.120%$54.9M$44.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1651−0.117%$69.2M$125.4M75xas long as short
BingX NEAR-USDT+0.0100%8h4.1630−0.168%$136.8Mas long as short
Variational Omni NEAR+0.0100%8h4.1460−0.575%$7.7M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.1467−0.559%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1454−0.589%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1510−0.455%$182K$789K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1579−0.290%$197K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1650−0.120%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1650−0.120%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1640−0.144%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1602−0.236%$3.8M$14.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1635−0.155%$201K$62K3xas long as short
Lighter NEAR+0.0136%1h4.1752+0.125%$15.8M$23.0M15xas long as short
BloFin NEAR-USDT+0.0220%8h4.1510−0.455%$12.3M$33.3M75xas long as short
Hyperliquid NEAR+0.0273%1h4.1701+0.003%$351.0M$297.8M10xas long as short
RISEx NEAR/USDC+0.0364%1h4.1544−0.373%$408K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0380% / S −0.0327%1h4.1629−0.170%$280K100xas long as short
Backpack NEAR_USDC_PERP+0.0422%1h4.1698−0.005%$1.2M$5.7M20xas long as short
Phoenix NEAR+0.0542%1h4.1571−0.309%$1.7M$2.7M10xas long as short
Nado NEAR-PERP+0.0559%1h4.1567−0.318%$1.8M$3.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0639%1h4.1667−0.079%$1.8M$2.1M25xas long as short
Aftermath Perps NEARUSD+0.0813%1h4.1525−0.419%$5K$11K10xas long as short
HTX NEAR-USDT+0.0989%8h4.1690−0.024%$447K$3.6M75xas long as short