Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h +0.010%

Price spread now: Injective against BloFin−0.909%7-day average +1.047% · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)+3.425%+$343 · spread now −0.909%, 7d avg +1.047%

Together, before fees+3.238%+$324 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.957% cheaper against BloFin than usual: you would sell low and buy high (−$196 if the spread goes back to its 7-day average of +1.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.1790	0.0220	pay 0.0220% / 8h	1h 25m	$12.3M	$31.7M	75x
Short	Injective NEAR/USDC PERP	4.1410	−0.0002	pay 0.0000% / 1h	25m 32s	$578	$302K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.909%Rate

Funding earned: −$46.7
Price spread: −0.909% → +1.047%: −$195.66
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$254.38
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Injective: 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 BloFin live order book, 4 min ago	3.60 bp	10.9 bp −$11	15.7 bp −$157	29.2 bp −$2,919	105.2 bp −$52.6K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	4.1775	−0.037%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1694	−0.230%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERPshort	−0.0002%	1h	4.1410	−0.909%	$578	$302K	12x
dYdX NEAR-USD	0.0000%	1h	4.1734	−0.134%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1725	−0.156%	$430K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1705	−0.203%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1721	−0.166%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1809	+0.045%	$1.5M	$7.0M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1790	0.000%	$111K	$483K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1745	−0.109%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1741	−0.118%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1749	−0.098%	$361K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1790	+0.001%	$239.4M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1778	−0.029%	$213.2M	$422.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1780	−0.024%	$57.6M	$276.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1780	−0.024%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1755	−0.084%	$29.9M	$57.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1740	−0.120%	$82.8M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1770	−0.048%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1790	0.000%	$69.2M	$125.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1770	−0.048%	—	$136.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	−0.336%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1652	−0.330%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1653	−0.327%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1670	−0.287%	$174K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1812	+0.053%	$205K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1704	−0.206%	$53K	$158K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1750	−0.096%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1699	−0.218%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1700	−0.215%	$3.9M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.455%	$237K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1761	−0.069%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1700	−0.215%	$201K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0112%	1h	4.1821	+0.074%	$12K	$7K	10x	as long as short
BloFin NEAR-USDTlong	+0.0220%	8h	4.1790	long leg	$12.3M	$31.7M	75x
Deribit NEAR_USDC-PERPETUAL	+0.0325%	1h	4.1728	−0.148%	$1.8M	$2.2M	25x	as long as short
Hyperliquid NEAR	+0.0364%	1h	4.1860	+0.168%	$353.4M	$299.1M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1804	+0.033%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1711	−0.190%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0443%	1h	4.1744	−0.110%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0540%	1h	4.1779	−0.027%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1813	+0.055%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0656%	1h	4.1856	+0.159%	$16.0M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0906%	1h	4.1779	−0.025%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0963%	8h	4.1820	+0.072%	$447K	$3.6M	75x	as long as short