Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against Binance0.000%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2552.552% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now 0.000%, 7d avg −0.018%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.1189	0.0100	pay 0.0100% / 8h	2h 09m	$234.7M	$1.08B	75x
Short	dYdX NEAR-USD	4.1189	0	get 0.0000% / 1h	9m 33s	$104K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → −0.018%: $1.8
Slippage, 4 orders: −$235.18
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$274.38
Costs to cover: 2.552%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; dYdX: live order book, 14 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	8.5 bp −$8	13.5 bp −$135	27.6 bp −$2,761	113.9 bp −$56.9K
Sell dYdX live order book, 14 min ago	112.52 bp	117.5 bp −$118	127.8 bp −$1,278	141.2 bp −$14.1K	162.3 bp −$81.1K

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	4.1195	+0.014%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1162	−0.065%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.1189	0.000%	$104K	$54K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.1089	−0.243%	$395K	$18.4M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1116	−0.177%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1109	−0.193%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.537%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1190	+0.003%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1101	−0.214%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1186	−0.006%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1180	−0.022%	$2.9M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1188	−0.002%	$347K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.1189	long leg	$234.7M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1200	+0.027%	$209.6M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1200	+0.027%	$56.2M	$274.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.095%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1198	+0.022%	$29.3M	$58.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1200	+0.027%	$80.0M	$144.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1180	−0.022%	$55.6M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1200	+0.027%	$68.5M	$127.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1180	−0.022%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.182%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1110	−0.192%	$234K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1103	−0.209%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1130	−0.143%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1220	+0.075%	$199K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1170	−0.046%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1086	−0.250%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1090	−0.240%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1187	−0.005%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1085	−0.252%	$199K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1220	+0.075%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0151%	1h	4.1110	−0.191%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.1210	+0.051%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1100	−0.216%	$12.2M	$33.4M	75x	as long as short
Lighter RH NEAR	+0.0256%	1h	4.1198	+0.022%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.1166	−0.055%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1097	−0.224%	$271K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1217	+0.068%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1233	+0.107%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0740%	1h	4.1138	−0.124%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0760%	1h	4.1254	+0.158%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0873%	1h	4.1263	+0.179%	$346.3M	$298.8M	10x	as long as short
Aftermath Perps NEARUSD	+0.0929%	1h	4.1231	+0.101%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1073%	8h	4.1250	+0.148%	$443K	$3.7M	75x	as long as short