Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Bulk0.000%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now 0.000%, 7d avg +0.015%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.4550	0.0100	pay 0.0013% / 1h	43m 16s	$254K	−$0	10x
Short	BloFin NEAR-USDT	4.4550	0.0220	get 0.0220% / 8h	4h 43m	$14.1M	$33.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bulk. 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 BulkbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $25.2
Price spread: 0.000% → +0.015%: −$1.5
Slippage, 4 orders: −$33.21
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.51
Costs to cover: 0.522%
Break-even: 14.9 days

Slippage from Bulk: live order book, 16 min ago; BloFin: live order book, 6 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 Bulk live order book, 16 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	33.3 bp −$3,330	48.2 bp −$24.1K
Sell BloFin live order book, 6 min ago	1.12 bp	15.8 bp −$16	21.0 bp −$210	37.4 bp −$3,736	85.2 bp −$42.6K

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	4.4514	−0.081%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4509	−0.092%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4642	+0.206%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4690	+0.314%	$619K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4528	−0.048%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.048%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4540	−0.022%	$118K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4673	+0.275%	$427K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4565	+0.033%	$272.5M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4529	−0.047%	$223.0M	$425.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4500	−0.112%	$63.2M	$303.4M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.4550	long leg	$254K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4538	−0.027%	$32.2M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4550	0.000%	$75.0M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4550	0.000%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4500	−0.112%	$73.2M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4540	−0.022%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.411%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.156%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4375	−0.394%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4230	−0.718%	$170K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4554	+0.009%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4545	−0.011%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4630	+0.180%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4523	−0.061%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4740	+0.426%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4500	−0.112%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4598	+0.107%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4545	−0.011%	$207K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0182%	1h	4.4571	+0.047%	$368.1M	$327.0M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4483	−0.149%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0218%	1h	4.4700	+0.337%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.4550	0.000%	$14.1M	$33.2M	75x
01 Exchange NEARUSD	+0.0240%	1h	4.4533	−0.038%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4580	+0.067%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4536	−0.031%	$249K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0491%	1h	4.4556	+0.013%	$2.0M	$6.8M	25x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4496	−0.121%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.4724	+0.391%	$1.6M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4680	+0.292%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0583%	1h	4.4513	−0.083%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0688%	1h	4.4585	+0.078%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.065%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4558	+0.019%	$563K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1554%	1h	4.4629	+0.178%	$6K	$12K	10x	as long as short