Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.014%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.014%, 7d avg −0.030%

Together, before fees−0.007%−$1 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: OKX is 0.045% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.1124	0.0100	pay 0.0100% / 8h	2h 12m	$234.3M	$1.08B	75x
Short	OKX NEAR-USDT-SWAP	4.1130	0.0100	get 0.0100% / 8h	2h 12m	$56.2M	$274.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.030%: $4.46
Slippage, 4 orders: −$13.38
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.92
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; OKX: live order book, 2 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, 16 min ago	1.21 bp	7.8 bp −$8	12.5 bp −$125	25.1 bp −$2,510	104.8 bp −$52.4K
Sell OKX live order book, 2 min ago	1.21 bp	10.7 bp −$11	17.9 bp −$179	32.3 bp −$3,229	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	4.1160	+0.086%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1179	+0.134%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1142	+0.043%	$103K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1163	+0.095%	$396K	$18.6M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1168	+0.107%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1176	+0.126%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.695%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1130	+0.014%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1153	+0.070%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1122	−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	4.1160	+0.087%	$2.9M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1149	+0.062%	$347K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.1124	long leg	$234.3M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1110	−0.034%	$209.1M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.1130	+0.014%	$56.2M	$274.3M	50x
Bulk NEAR-USD	+0.0100%	1h	4.1200	+0.185%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1134	+0.024%	$29.3M	$58.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1130	+0.014%	$80.3M	$144.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1160	+0.087%	$55.6M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1129	+0.012%	$68.4M	$126.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1130	+0.014%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1293	+0.411%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1291	+0.407%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1255	+0.317%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1280	+0.379%	$181K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1175	+0.124%	$204K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1190	+0.160%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1135	+0.027%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1150	+0.063%	$3.8M	$8.3M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1121	−0.007%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1143	+0.046%	$199K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1150	+0.063%	$306K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0151%	1h	4.1163	+0.094%	$7.3M	$37.0M	50x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.1142	+0.044%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1140	+0.039%	$12.2M	$33.5M	75x	as long as short
Lighter RH NEAR	+0.0264%	1h	4.1181	+0.138%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.1124	+0.001%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1172	+0.117%	$271K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1157	+0.079%	$410K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1296	+0.418%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0754%	1h	4.1200	+0.185%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0784%	1h	4.1189	+0.157%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0895%	1h	4.1181	+0.138%	$345.7M	$299.9M	10x	as long as short
Aftermath Perps NEARUSD	+0.0925%	1h	4.1278	+0.375%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1080%	8h	4.1320	+0.476%	$444K	$3.7M	75x	as long as short