Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.070%

Price spread now: Arcus against Bitget+0.374%7-day average +0.067% · 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$0as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.354%+$35 on $10k

Price spread, last 7 days−0.357%−$36 · spread now +0.374%, 7d avg +0.067%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.307% dearer against Bitget than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4922	0.0100	pay 0.0100% / 8h	5h 58m	$74.5M	$127.9M	75x
Short	Arcus NEAR-USD	4.5090	0.0343	get 0.0043% / 1h	58m 11s	$228K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.374%Rate

Funding earned: $51.03
Price spread: +0.374% → +0.067%: $30.69
Slippage, 4 orders: −$14.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $50.98
Costs to cover: 0.307%
Break-even: 0.0 days

Slippage from Bitget: live order book, 4 min ago; Arcus: live order book, 4 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, 4 min ago	0.11 bp	10.2 bp −$10	14.9 bp −$149	29.0 bp −$2,900	doesn't fit
Sell Arcus live order book, 4 min ago	3.33 bp	6.7 bp −$7	11.2 bp −$112	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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.4916	−0.012%	$7.4M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5014	+0.204%	$2K	—	20x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4933	+0.024%	$810K	$26.1M	2.2x	as long as short
dYdX NEAR-USD	+0.0002%	1h	4.5120	+0.440%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4978	+0.124%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.818%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5030	+0.240%	$124K	$508K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4953	+0.068%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4950	+0.063%	$273.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4949	+0.060%	$232.5M	$429.2M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4940	+0.040%	$64.3M	$300.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.396%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4937	+0.033%	$39.8M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4960	+0.085%	$76.7M	$166.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4950	+0.062%	$53.3M	$44.3M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4922	long leg	$74.5M	$127.9M	75x
BingX NEAR-USDT	+0.0100%	8h	4.4950	+0.062%	—	$77.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5024	+0.228%	$8.9M	$17.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5026	+0.231%	$266K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5020	+0.218%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5030	+0.240%	$168K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5048	+0.280%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4969	+0.105%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5100	+0.396%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4940	+0.040%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5010	+0.196%	$467K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4930	+0.018%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5033	+0.248%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4920	−0.004%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4930	+0.017%	$209K	$38K	3x	as long as short
Nado NEAR-PERP	+0.0183%	1h	4.5028	+0.235%	$1.7M	$3.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5110	+0.419%	$12.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.5082	+0.356%	$13K	$5K	10x	as long as short
Lighter NEAR	+0.0320%	1h	4.4984	+0.138%	$17.6M	$23.2M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5083	+0.358%	$259K	—	100x	as long as short
Arcus NEAR-USDshort	+0.0343%	1h	4.5090	+0.374%	$228K	$1.4M	10x
Lighter RH NEAR	+0.0392%	1h	4.4996	+0.165%	$1.6M	$5.7M	10x	as long as short
Hyperliquid NEAR	+0.0419%	1h	4.4994	+0.160%	$362.9M	$318.5M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.5049	+0.282%	$639K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5111	+0.421%	$2.3M	$17.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0618%	1h	4.4969	+0.105%	$1.9M	$13.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0650%	1h	4.4975	+0.118%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5120	+0.441%	$1.7M	$2.4M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.5087	+0.367%	$424K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1188%	1h	4.5068	+0.324%	$6K	$6K	10x	as long as short