Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.001%

Price spread now: SoDEX against Bitget−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.030% cheaper against Bitget than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3498	0.0100	pay 0.0100% / 8h	3h 51m	$71.4M	$129.0M	75x
Short	SoDEX NEAR-USD	4.3485	0.0379	get 0.0047% / 1h	51m 10s	$8K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $58.66
Price spread: −0.030% → 0.000%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $35.67
Costs to cover: 0.200%
Break-even: 2.7 days

Slippage unknown: Bitget: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

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	0.46 bp	7.8 bp −$8	13.9 bp −$139	35.3 bp −$3,530	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3532	+0.078%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3515	+0.039%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3481	−0.039%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.800%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3527	+0.067%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	+0.005%	$107K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3550	+0.120%	$268.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3497	−0.002%	$219.2M	$424.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.018%	$62.1M	$292.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.628%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3528	+0.069%	$31.8M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3540	+0.097%	$74.0M	$143.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	+0.074%	$54.2M	$46.0M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3498	long leg	$71.4M	$129.0M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3510	+0.028%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	+0.320%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3582	+0.194%	$255K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3520	+0.051%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3560	+0.143%	$167K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3562	+0.147%	$247K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3487	−0.025%	$56K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3570	+0.166%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3550	+0.120%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	+0.166%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3495	−0.006%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3483	−0.035%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0114%	8h	4.3522	+0.055%	$574K	$22.7M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3540	+0.097%	$13.7M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3533	+0.080%	$414K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3538	+0.091%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3484	−0.032%	$231K	—	100x	as long as short
SoDEX NEAR-USDshort	+0.0379%	1h	4.3485	−0.030%	$8K	$52K	10x
01 Exchange NEARUSD	+0.0512%	1h	4.3538	+0.092%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0546%	1h	4.3585	+0.200%	$1.4M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0597%	1h	4.3587	+0.205%	$359.1M	$318.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3550	+0.120%	$214K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0640%	1h	4.3473	−0.058%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0689%	1h	4.3505	+0.016%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3506	+0.018%	$7.7M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3561	+0.145%	$1.5M	$7.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0854%	1h	4.3510	+0.028%	$1.9M	$8.1M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.274%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3545	+0.109%	$595K	$1.4M	10x	as long as short
Lighter NEAR	+0.1352%	1h	4.3584	+0.197%	$17.6M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1633%	1h	4.3672	+0.401%	$5K	$12K	10x	as long as short