Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.091%

Price spread now: Nado against Bitget+0.134%7-day average +0.072% · 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−$28as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.134%, 7d avg +0.072%

Together, before fees+0.041%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.062% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4650	0.0100	pay 0.0100% / 8h	7h 14m	$73.7M	$127.1M	75x
Short	Nado NEAR-PERP	4.4710	0.0215	get 0.0027% / 1h	14m 02s	$1.7M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.134%Rate

Funding earned: $24.13
Price spread: +0.134% → +0.072%: $6.23
Slippage, 4 orders: −$15.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.08
Costs to cover: 0.344%
Break-even: 8.2 days

Slippage from Bitget: live order book, 5 min ago; Nado: live order book, 5 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, 5 min ago	0.56 bp	9.6 bp −$10	14.5 bp −$145	26.4 bp −$2,637	doesn't fit
Sell Nado live order book, 5 min ago	0.34 bp	5.4 bp −$5	16.3 bp −$163	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
Kraken Futures PF_NEARUSD	−0.0422%	1h	4.4729	+0.176%	$7.4M	$38.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4638	−0.026%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4822	+0.385%	$109K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0001%	8h	4.4710	+0.134%	$3.6M	$7.7M	50x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4705	+0.123%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.256%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4710	+0.134%	$114K	$509K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4691	+0.093%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4681	+0.070%	$269.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4653	+0.007%	$227.8M	$426.8M	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	4.4600	−0.112%	$63.0M	$300.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4760	+0.246%	$228K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4704	+0.121%	$38.0M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4690	+0.090%	$88.5M	$162.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4650	0.000%	$52.9M	$45.2M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4650	long leg	$73.7M	$127.1M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4710	+0.134%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4848	+0.445%	$9.3M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4625	−0.057%	$259K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4607	−0.096%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4610	−0.090%	$168K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4715	+0.146%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4730	+0.179%	$57K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4790	+0.314%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4745	+0.213%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	+0.307%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4747	+0.217%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4644	−0.014%	$3.7M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4726	+0.170%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0135%	8h	4.4774	+0.278%	$903K	$25.4M	2.2x	as long as short
Nado NEAR-PERPshort	+0.0215%	1h	4.4710	+0.134%	$1.7M	$3.2M	10x
BloFin NEAR-USDT	+0.0220%	8h	4.4730	+0.179%	$12.6M	$33.0M	75x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4747	+0.217%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0261%	1h	4.4699	+0.109%	$262K	—	100x	as long as short
Hyperliquid NEAR	+0.0371%	1h	4.4778	+0.286%	$364.5M	$318.1M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.4799	+0.334%	$1.6M	$6.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4827	+0.396%	$2.3M	$17.6M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4795	+0.324%	$17.6M	$24.1M	15x	as long as short
HTX NEAR-USDT	+0.0490%	8h	4.4800	+0.336%	$472K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0593%	1h	4.4752	+0.228%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4700	+0.112%	$606K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4824	+0.389%	$422K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4814	+0.367%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1124%	1h	4.4570	−0.179%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1316%	1h	4.4782	+0.296%	$1.9M	$13.1M	25x	as long as short