Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Bitget+0.143%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2072.075% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.143%, 7d avg +0.029%

Together, before fees+0.182%+$18 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: Aevo is 0.115% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3208	0.0100	pay 0.0100% / 8h	3h 11m	$71.3M	$127.4M	75x
Short	Aevo NEAR-PERP	4.3270	0.0104	get 0.0013% / 1h	11m 07s	$201K	$37K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.143%Rate

Funding earned: $0.84
Price spread: +0.143% → +0.029%: $11.46
Slippage, 4 orders: −$179.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$195.19
Costs to cover: 2.075%
Break-even: 1633.6 days

Slippage from Bitget: live order book, 3 min ago; Aevo: live order book, 43 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 Bitget live order book, 3 min ago	0.12 bp	9.7 bp −$10	13.4 bp −$134	21.5 bp −$2,147	doesn't fit
Sell Aevo live order book, 43 min ago	85.15 bp	93.2 bp −$93	doesn't fit	doesn't fit	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	4.3276	+0.157%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3339	+0.304%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3243	+0.081%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.161%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3272	+0.148%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3290	+0.190%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3270	+0.143%	$264.5M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3221	+0.030%	$213.8M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3230	+0.051%	$61.2M	$287.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.558%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3222	+0.032%	$32.1M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3250	+0.097%	$73.7M	$146.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3260	+0.120%	$53.6M	$45.8M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3208	long leg	$71.3M	$127.4M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3220	+0.028%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	+0.554%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3426	+0.504%	$254K	$946K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3415	+0.478%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	+0.514%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3313	+0.243%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3280	+0.167%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3380	+0.398%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	+0.352%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3270	+0.143%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3331	+0.285%	$31K	$608	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.3270	+0.143%	$201K	$37K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.3300	+0.213%	$13.5M	$32.0M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3390	+0.422%	$401K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0281%	8h	4.3324	+0.268%	$871K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3240	+0.074%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.3260	+0.120%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0347%	1h	4.3255	+0.109%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3352	+0.333%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0557%	1h	4.3282	+0.171%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0568%	1h	4.3246	+0.087%	$3.8M	$19.9M	25x	as long as short
Hyperliquid NEAR	+0.0578%	1h	4.3283	+0.174%	$354.5M	$314.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0586%	1h	4.3244	+0.083%	$1.3M	$6.8M	20x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3360	+0.352%	$213K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0652%	1h	4.3283	+0.174%	$1.9M	$9.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3251	+0.099%	$7.6M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3302	+0.218%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3478	+0.625%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1080%	1h	4.3324	+0.269%	$17.5M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3337	+0.298%	$677K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1584%	1h	4.3379	+0.395%	$5K	$13K	10x	as long as short