Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against Bitget+0.251%7-day average +0.262% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$560.565% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.631%+$63 on $10k

Price spread, last 4 days (all we have)+0.470%+$47 · spread now +0.251%, 7d avg +0.262%

Together, before fees+1.101%+$110 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4558	0.0100	pay 0.0100% / 8h	4h 40m	$73.2M	$130.1M	75x
Short	HTX NEAR-USDT	4.4670	0.0100	get 0.0100% / 8h	4h 40m	$465K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → +0.262%: −$1.05
Slippage, 4 orders: −$32.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.54
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; HTX: 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 Bitget live order book, 3 min ago	1.90 bp	11.5 bp −$11	20.0 bp −$200	35.8 bp −$3,582	doesn't fit
Sell HTX live order book, 3 min ago	5.59 bp	18.1 bp −$18	65.8 bp −$658	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	4.4532	−0.058%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4653	+0.213%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4584	+0.058%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4637	+0.177%	$626K	$21.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4583	+0.057%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.065%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4550	−0.018%	$117K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4596	+0.084%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4656	+0.219%	$273.1M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4613	+0.123%	$223.4M	$423.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4590	+0.072%	$63.5M	$302.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.018%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4643	+0.191%	$32.3M	$63.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4690	+0.296%	$75.4M	$147.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4660	+0.229%	$55.4M	$46.1M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4558	long leg	$73.2M	$130.1M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4630	+0.162%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+0.020%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4571	+0.029%	$267K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4375	−0.412%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4230	−0.736%	$170K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4594	+0.081%	$240K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4612	+0.121%	$57K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4650	+0.206%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4585	+0.061%	$8K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4670	+0.251%	$465K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4620	+0.139%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4587	+0.064%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4607	+0.109%	$207K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0190%	1h	4.4650	+0.206%	$368.7M	$327.1M	10x	as long as short
Extended NEAR-USD	+0.0192%	1h	4.4633	+0.168%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4590	+0.072%	$14.1M	$33.3M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0224%	1h	4.4619	+0.137%	$1.4M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.4607	+0.110%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0301%	8h	4.4650	+0.208%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4582	+0.053%	$249K	—	100x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4638	+0.180%	$1.6M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0507%	1h	4.4511	−0.106%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.4614	+0.126%	$2.0M	$6.8M	25x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4680	+0.274%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0582%	1h	4.4612	+0.122%	$8.3M	$40.1M	50x	as long as short
Lighter NEAR	+0.0760%	1h	4.4665	+0.240%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.083%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4614	+0.126%	$563K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1551%	1h	4.4619	+0.138%	$6K	$12K	10x	as long as short