Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.129%

Price spread now: HTX against Bulk−0.586%7-day average +0.247% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Bulk Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.375%+$37 on $10k

Price spread, last 4 days (all we have)+1.216%+$122 · spread now −0.586%, 7d avg +0.247%

Together, before fees+1.590%+$159 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: HTX is 0.833% cheaper against Bulk than usual: you would sell low and buy high, −$83 on $10k if it goes back to its 7-day average of +0.247%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.3565	0.0100	pay 0.0013% / 1h	3m 08s	$248K	−$0	10x
Short	HTX NEAR-USDT	4.3310	0.0100	get 0.0100% / 8h	1h 03m	$458K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.586%Rate

Funding earned: $0
Price spread: −0.586% → +0.247%: −$83.34
Slippage, 4 orders: −$48.55
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$150.89
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Bulk: live order book, 41 min ago; HTX: live order book, 1 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, 41 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	24.0 bp −$2,398	42.2 bp −$21.1K
Sell HTX live order book, 1 min ago	8.07 bp	19.5 bp −$19	70.4 bp −$704	doesn't fit	doesn't fit

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	4.3176	−0.894%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3200	−0.838%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3276	−0.663%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.947%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	−0.816%	$104K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3181	−0.882%	$218.2M	$431.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.884%	$60.7M	$290.4M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.3565	long leg	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3185	−0.873%	$35.1M	$62.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3230	−0.770%	$52.3M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3184	−0.875%	$71.5M	$128.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	−0.385%	$8.7M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3395	−0.390%	$252K	$906K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3350	−0.495%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	−0.379%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3219	−0.795%	$288K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3212	−0.811%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3290	−0.632%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3215	−0.804%	$5K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3310	−0.586%	$458K	$3.8M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3240	−0.747%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3209	−0.817%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3183	−0.878%	$3.6M	$17.9M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3240	−0.747%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0201%	8h	4.3200	−0.838%	—	$144.8M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3210	−0.816%	$74.6M	$151.1M	200x	as long as short
Binance NEARUSDT	+0.0213%	8h	4.3210	−0.816%	$262.9M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0222%	8h	4.3221	−0.790%	$945K	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0257%	8h	4.3205	−0.826%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0200%	1h	4.3192	−0.858%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3200	−0.838%	$13.5M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0396%	1h	4.3209	−0.818%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3274	−0.669%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.3209	−0.818%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0441%	1h	4.3215	−0.804%	$351.5M	$314.5M	10x	as long as short
Nado NEAR-PERP	+0.0543%	1h	4.3176	−0.893%	$1.6M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0676%	1h	4.3177	−0.890%	$7.1M	$38.3M	50x	as long as short
Lighter NEAR	+0.0736%	1h	4.3246	−0.732%	$17.0M	$25.5M	15x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.3255	−0.712%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3250	−0.724%	$228K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3376	−0.434%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1024%	1h	4.3241	−0.744%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3235	−0.757%	$399K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3235	−0.757%	$664K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1321%	1h	4.3462	−0.236%	$5K	$12K	10x	as long as short