Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0235%/8h= −25.8% APRpaid last 24h −0.027%

Price spread now: SoDEX against BloFin+0.311%56s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. SoDEX is 0.311% dearer against BloFin than usual: you sell high and buy low (spread +0.311% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.4 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.3340	0.0335	pay 0.0335% / 8h	52m 10s	$13.4M	$32.0M	75x
Short	SoDEX NEAR-USD	4.3475	0.0100	get 0.0013% / 1h	52m 10s	$5K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now +0.311%Rate

Funding earned: −$49.38
Price spread: +0.311% → 0.000%: $31.15
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$38.23
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BloFin: live order book, 7 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 BloFin live order book, 7 min ago	3.48 bp	9.5 bp −$9	12.2 bp −$122	29.3 bp −$2,935	71.0 bp −$35.5K
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	4.3445	+0.243%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3400	+0.138%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3449	+0.253%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3467	+0.292%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.453%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3430	+0.208%	$105K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3432	+0.212%	$219.4M	$431.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3420	+0.185%	$61.1M	$292.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.437%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3456	+0.268%	$35.4M	$61.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	+0.369%	$52.7M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3415	+0.173%	$71.9M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3187	−0.353%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3229	−0.257%	$251K	$897K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3380	+0.092%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3220	−0.277%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3476	+0.314%	$281K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3480	+0.323%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3470	+0.300%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USDshort	+0.0100%	1h	4.3475	+0.311%	$5K	$53K	10x
HTX NEAR-USDT	+0.0100%	8h	4.3550	+0.485%	$454K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3480	+0.323%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3359	+0.044%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3474	+0.308%	$3.6M	$17.6M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3495	+0.358%	$202K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0202%	8h	4.3430	+0.208%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0205%	8h	4.3352	+0.028%	$945K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0215%	8h	4.3420	+0.185%	$79.9M	$148.6M	200x	as long as short
Binance NEARUSDT	+0.0215%	8h	4.3500	+0.369%	$264.3M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0236%	8h	4.3497	+0.363%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.3439	+0.228%	$233K	—	100x	as long as short
BloFin NEAR-USDTlong	+0.0335%	8h	4.3340	long leg	$13.4M	$32.0M	75x
01 Exchange NEARUSD	+0.0376%	1h	4.3451	+0.256%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0402%	1h	4.3465	+0.288%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3503	+0.376%	$2.3M	$16.7M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0502%	1h	4.3476	+0.314%	$1.2M	$7.0M	20x	as long as short
Hyperliquid NEAR	+0.0529%	1h	4.3474	+0.309%	$352.2M	$314.9M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3410	+0.162%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0736%	1h	4.3491	+0.348%	$1.5M	$6.6M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.3541	+0.464%	$17.2M	$24.9M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3391	+0.118%	$409K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3382	+0.097%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3415	+0.173%	$648K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1061%	1h	4.3519	+0.413%	$1.9M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1300%	1h	4.3339	−0.002%	$5K	$10K	10x	as long as short