Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0331%/8h= +36.3% APRpaid last 24h +0.086%

Price spread now: Nado against Binance+0.078%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.078%, 7d avg +0.028%

Together, before fees−0.024%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Nado is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.028%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.109% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.5120	0.0100	pay 0.0100% / 8h	6h 19m	$274.5M	$1.10B	75x
Short	Nado NEAR-PERP	4.5155	0.0431	get 0.0054% / 1h	19m 10s	$1.7M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.078%Rate

Funding earned: $69.54
Price spread: +0.078% → +0.028%: $5
Slippage, 4 orders: −$13.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $43.71
Costs to cover: 0.308%
Break-even: 2.6 days

Slippage from Binance: live order book, 3 min ago; Nado: live order book, 3 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, 3 min ago	1.10 bp	7.0 bp −$7	13.3 bp −$133	34.4 bp −$3,441	107.9 bp −$54.0K
Sell Nado live order book, 3 min ago	0.77 bp	6.7 bp −$7	14.2 bp −$142	doesn't fit	doesn't fit

NEAR on 45 exchanges

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	4.5116	−0.010%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5097	−0.051%	$7.4M	$38.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5145	+0.055%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5132	+0.027%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.223%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5180	+0.133%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5128	+0.018%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.5120	long leg	$274.5M	$1.10B	75x
Bybit NEARUSDT	+0.0100%	8h	4.5100	−0.044%	$235.0M	$433.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5090	−0.066%	$64.4M	$310.5M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5160	+0.089%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5400	+0.621%	$271K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5094	−0.058%	$39.8M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5110	−0.022%	$78.2M	$171.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5160	+0.089%	$53.5M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5077	−0.095%	$74.8M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5110	−0.022%	—	$79.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5256	+0.301%	$9.5M	$17.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5302	+0.404%	$268K	$869K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5423	+0.672%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5280	+0.355%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5179	+0.131%	$284K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5145	+0.055%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5240	+0.266%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5135	+0.033%	$5K	$42K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5160	+0.089%	$471K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5090	−0.066%	$3.4M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.5112	−0.017%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5121	+0.003%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5145	+0.055%	$210K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0110%	8h	4.5136	+0.035%	$825K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.5142	+0.049%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5120	0.000%	$13.0M	$33.0M	75x	as long as short
Hyperliquid NEAR	+0.0281%	1h	4.5135	+0.032%	$364.3M	$324.0M	10x	as long as short
Lighter NEAR	+0.0320%	1h	4.5134	+0.030%	$17.6M	$23.8M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5136	+0.034%	$260K	—	100x	as long as short
Nado NEAR-PERPshort	+0.0431%	1h	4.5155	+0.078%	$1.7M	$3.2M	10x
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5237	+0.259%	$2.3M	$17.9M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5175	+0.121%	$641K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0616%	1h	4.5155	+0.078%	$1.6M	$6.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0703%	1h	4.5172	+0.115%	$1.9M	$13.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0725%	1h	4.5140	+0.044%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5306	+0.412%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5153	+0.074%	$419K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1163%	1h	4.5270	+0.333%	$6K	$7K	10x	as long as short