Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Extended against Bitget−0.098%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.175%+$17 · spread now −0.098%, 7d avg −0.023%

Together, before fees+0.215%+ Points / potential airdropExtended: Active · farm board+$22 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: Extended is 0.076% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3451	0.0100	pay 0.0100% / 8h	7h 13m	$72.4M	$122.9M	75x
Short	Extended NEAR-USD	4.3408	0.0104	get 0.0013% / 1h	13m 12s	$3.9M	$17.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0.84
Price spread: −0.098% → −0.023%: −$7.55
Slippage, 4 orders: −$13.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.01
Costs to cover: 0.303%
Break-even: 315.4 days

Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago	1.96 bp	11.6 bp −$12	15.8 bp −$158	37.0 bp −$3,697	doesn't fit
Sell Extended live order book, 6 min ago	0.46 bp	4.5 bp −$4	9.8 bp −$98	921.6 bp −$92.2K	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
Phemex NEARUSDT	−0.0297%	8h	4.3420	−0.071%	$3.9M	$8.4M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3405	−0.105%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0129%	1h	4.3465	+0.033%	$7.5M	$37.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3413	−0.087%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3426	−0.058%	$113K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3438	−0.030%	$353K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3404	−0.107%	$206K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−0.996%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0008%	1h	4.3403	−0.110%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.697%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3440	−0.025%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3417	−0.078%	$58K	$176K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3402	−0.113%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3470	+0.044%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3431	−0.046%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3447	−0.008%	$259.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3451	0.000%	$220.3M	$415.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3440	−0.025%	$61.3M	$281.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3420	−0.071%	$206K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.846%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3444	−0.016%	$31.3M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3450	−0.002%	$76.3M	$141.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3470	+0.044%	$56.5M	$42.9M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3451	long leg	$72.4M	$122.9M	75x
BingX NEAR-USDC	+0.0100%	8h	4.3450	−0.002%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3290	−0.370%	$258K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3295	−0.359%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	−0.278%	$181K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3446	−0.012%	$193K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3490	+0.090%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3429	−0.051%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3520	+0.159%	$459K	$3.7M	75x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.3408	−0.098%	$3.9M	$17.3M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3405	−0.105%	$202K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3400	−0.117%	$13.0M	$27.8M	75x	as long as short
Hyperliquid NEAR	+0.0347%	1h	4.3543	+0.212%	$370.7M	$306.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0307%	1h	4.3411	−0.092%	$277K	—	100x	as long as short
Nado NEAR-PERP	+0.0421%	1h	4.3425	−0.060%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3438	−0.030%	$404K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0441%	1h	4.3444	−0.016%	$1.9M	$3.8M	25x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3519	+0.156%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0481%	1h	4.3500	+0.113%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+0.430%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1502%	1h	4.3260	−0.440%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1816%	1h	4.3559	+0.250%	$17.4M	$24.7M	15x	as long as short