Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Popdex against Bitget+0.216%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$620.619% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.499%−$50 · spread now +0.216%, 7d avg +0.025%
Together, before fees−0.507%−$51 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: Popdex is 0.191% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NEARUSDT4.43840.0100pay 0.0100% / 8h4h 47m$73.0M$130.6M75x
ShortPopdex NEARUSDT4.44800.0096get 0.0012% / 1h47m 02s$117K$514K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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

Funding earned
−$0.84
Price spread: +0.216% → +0.025%
$19.11
Slippage, 4 orders
−$43.54
Fee Bitget: 6 bp × 2 orders
−$12
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$43.68
Costs to cover
0.619%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Popdex: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago0.56 bp8.6 bp −$911.7 bp −$117doesn't fitdoesn't fit
Sell Popdex live order book, 12 min ago12.27 bp21.4 bp −$2155.2 bp −$552doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4416+0.072%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4444+0.135%$2.2M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4452+0.154%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4544+0.360%$618K$22.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4418+0.077%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.701%$578$302K12xas long as short
Popdex NEARUSDTshort+0.0096%1h4.4480+0.216%$117K$514K50x
Pacifica NEAR+0.0100%1h4.4469+0.191%$425K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4445+0.138%$272.5M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4392+0.018%$222.4M$424.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4380−0.009%$63.5M$302.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+1.613%$257K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4456+0.162%$32.1M$62.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4470+0.194%$75.6M$147.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4460+0.171%$55.2M$46.2M75xas long as short
Bitget NEARUSDTlong+0.0100%8h4.4384long leg$73.0M$130.6M75x
BingX NEAR-USDT+0.0100%8h4.4460+0.171%$147.2Mas long as short
Variational Omni NEAR+0.0100%8h4.4797+0.931%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4567+0.413%$267K$978K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4624+0.541%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4510+0.284%$171K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4475+0.205%$239K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4414+0.068%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4530+0.329%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4415+0.070%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4520+0.306%$463K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4470+0.194%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4469+0.191%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4436+0.117%$207K$40K3xas long as short
Extended NEAR-USD+0.0200%1h4.4405+0.047%$4.0M$19.6M25xas long as short
Backpack NEAR_USDC_PERP+0.0200%1h4.4487+0.232%$1.4M$6.6M20xas long as short
BloFin NEAR-USDT+0.0220%8h4.4460+0.171%$14.1M$33.1M75xas long as short
Hyperliquid NEAR+0.0230%1h4.4509+0.282%$368.7M$325.5M10xas long as short
01 Exchange NEARUSD+0.0256%1h4.4506+0.275%$13K$7K10xas long as short
Aster NEARUSDT+0.0302%8h4.4474+0.204%$3.1M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0338% / S −0.0216%1h4.4424+0.090%$248K100xas long as short
Lighter RH NEAR+0.0472%1h4.4463+0.178%$1.5M$7.1M10xas long as short
Nado NEAR-PERP+0.0544%1h4.4435+0.114%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4620+0.532%$220K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0585%1h4.4432+0.107%$8.2M$40.2M50xas long as short
Lighter NEAR+0.0664%1h4.4486+0.230%$17.9M$26.2M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0741%1h4.4438+0.122%$2.0M$6.7M25xas long as short
Phoenix NEAR+0.0794%1h4.4822+0.987%$1.9M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4519+0.303%$562K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1570%1h4.4718+0.752%$6K$12K10xas long as short