Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against Binance−0.107%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.107%, 7d avg −0.032%

Together, before fees+0.058%+$6 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: Bybit is 0.075% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.4497	0.0100	pay 0.0100% / 8h	4h 47m	$272.8M	$1.11B	75x
Short	Bybit NEARUSDT	4.4450	0.0100	get 0.0100% / 8h	4h 47m	$222.6M	$424.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.032%: −$7.46
Slippage, 4 orders: −$16.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.92
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: 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 Binance live order book, 11 min ago	1.11 bp	6.8 bp −$7	13.0 bp −$130	34.8 bp −$3,482	121.0 bp −$60.5K
Sell Bybit live order book, 1 min ago	1.12 bp	13.5 bp −$14	18.6 bp −$186	36.9 bp −$3,687	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	4.4520	+0.051%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4456	−0.093%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4452	−0.102%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4550	+0.118%	$621K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4519	+0.048%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.939%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4620	+0.275%	$118K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4469	−0.064%	$425K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.4497	long leg	$272.8M	$1.11B	75x
Bybit NEARUSDTshort	+0.0100%	8h	4.4450	−0.107%	$222.6M	$424.5M	75x

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	4.4440	−0.129%	$63.6M	$302.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+1.354%	$257K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4501	+0.008%	$32.1M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4530	+0.073%	$75.8M	$147.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4540	+0.096%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4438	−0.134%	$73.1M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4440	−0.129%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4797	+0.673%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4912	+0.932%	$269K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4926	+0.962%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4870	+0.837%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4612	+0.257%	$240K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4506	+0.019%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4550	+0.118%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4477	−0.046%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4570	+0.163%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4480	−0.039%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4587	+0.202%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4485	−0.028%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4475	−0.051%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0217%	1h	4.4508	+0.024%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4660	+0.365%	$14.2M	$33.5M	75x	as long as short
Hyperliquid NEAR	+0.0237%	1h	4.4479	−0.042%	$368.5M	$325.5M	10x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.4638	+0.316%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0267%	1h	4.4499	+0.003%	$2.0M	$6.6M	25x	as long as short
Aster NEARUSDT	+0.0302%	8h	4.4518	+0.046%	$3.1M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0216%	1h	4.4528	+0.069%	$249K	—	100x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.4518	+0.046%	$1.6M	$7.1M	10x	as long as short
Nado NEAR-PERP	+0.0512%	1h	4.4557	+0.134%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4670	+0.388%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0584%	1h	4.4474	−0.053%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0712%	1h	4.4533	+0.080%	$17.9M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4822	+0.729%	$1.9M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4662	+0.370%	$564K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4772	+0.617%	$6K	$12K	10x	as long as short