Funding arb · Price arb /

NEAR

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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 0.000%

Price spread now: OKX against Bitget+0.101%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.101%, 7d avg +0.009%

Together, before fees0.000%$0 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: OKX is 0.092% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.2637	0.0100	pay 0.0100% / 8h	7h 59m	$70.7M	$125.9M	75x
Short	OKX NEAR-USDT-SWAP	4.2680	0.0100	get 0.0100% / 8h	7h 59m	$60.6M	$285.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.009%: $9.22
Slippage, 4 orders: −$15.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.23
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; OKX: 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, 10 min ago	0.82 bp	9.2 bp −$9	13.7 bp −$137	35.2 bp −$3,515	doesn't fit
Sell OKX live order book, 5 min ago	1.17 bp	8.9 bp −$9	16.6 bp −$166	36.5 bp −$3,652	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	4.2630	−0.016%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2631	−0.014%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2711	+0.172%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2646	+0.021%	$380K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2672	+0.083%	$202K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	+0.076%	$7.8M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.2647	+0.023%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.878%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	+0.124%	$110K	$495K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2667	+0.070%	$57K	$194K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2672	+0.082%	$31K	$647	10x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.2690	+0.124%	$363.7M	$301.4M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2689	+0.123%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2680	+0.101%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2690	+0.124%	$253.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2680	+0.101%	$217.2M	$421.5M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.2680	+0.101%	$60.6M	$285.6M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2640	+0.007%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2757	+0.282%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2632	−0.012%	$30.8M	$58.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2680	+0.101%	$79.2M	$137.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2710	+0.171%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.2637	long leg	$70.7M	$125.9M	75x
BingX NEAR-USDT	+0.0100%	8h	4.2630	−0.016%	—	$140.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2687	+0.117%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2676	+0.091%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.171%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2701	+0.150%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2710	+0.171%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2641	+0.009%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2670	+0.077%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2612	−0.059%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2658	+0.049%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2669	+0.076%	$7.5M	$37.4M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0148%	1h	4.2688	+0.120%	$1.9M	$2.8M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2670	+0.077%	$12.9M	$29.2M	75x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.2699	+0.145%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2671	+0.079%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2663	+0.061%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2709	+0.169%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2828	+0.448%	$1.8M	$2.6M	10x	as long as short
HTX NEAR-USDT	+0.0732%	8h	4.2770	+0.312%	$456K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1158%	1h	4.2764	+0.298%	$5K	$12K	10x	as long as short
Nado NEAR-PERP	+0.1190%	1h	4.2654	+0.039%	$1.9M	$3.4M	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.2767	+0.304%	$16.9M	$23.4M	15x	as long as short