Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Orderly against Bulk+0.257%7-day average +0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%+$1 on $10k
Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.257%, 7d avg +0.014%
Together, before fees+0.064%+$6 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: Orderly is 0.243% dearer against Bulk than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk NEAR-USD4.47870.0100pay 0.0013% / 1h10m 53s$258K$3K10x
ShortOrderly PERP_NEAR_USDC4.49020.0100get 0.0100% / 8h7h 10m$57K$239K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$0
Price spread: +0.257% → +0.014%
$24.26
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
$11.26
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Bulk: live order book, 23 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 23 min ago11.48 bp15.0 bp −$1515.0 bp −$15023.6 bp −$2,35557.2 bp −$28.6K
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0421%1h4.4893+0.237%$7.4M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4875+0.197%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4772−0.033%$109K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4881+0.209%$168K150xas long as short
Phemex NEARUSDT+0.0029%8h4.4890+0.230%$3.6M$7.7M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.540%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4890+0.230%$115K$509K50xas long as short
Aster NEARUSDT+0.0100%8h4.4816+0.066%$2.7M$4.6M50xas long as short
Binance NEARUSDT+0.0100%8h4.4810+0.051%$270.8M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4780−0.016%$228.3M$427.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4750−0.083%$62.9M$303.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4940+0.341%$234K$1.4M10xas long as short
Gate NEAR_USDT+0.0100%8h4.4768−0.043%$38.2M$63.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4840+0.118%$88.1M$163.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4860+0.163%$53.1M$45.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4794+0.015%$73.9M$127.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4780−0.016%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4848+0.137%$9.3M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.4718−0.154%$259K$896K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4710−0.172%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4750−0.083%$168K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4910+0.274%$280K$4.0M10xas long as short
Orderly PERP_NEAR_USDCshort+0.0100%8h4.4902+0.257%$57K$239K20x
SunX NEAR-USDT+0.0100%8h4.4970+0.408%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4895+0.241%$5K$49K10xas long as short
Bulk NEAR-USDlong+0.0100%1h4.4787long leg$258K$3K10x
Paradex NEAR-USD-PERP+0.0101%8h4.4901+0.255%$32K$41310xas long as short
Extended NEAR-USD+0.0104%1h4.4790+0.007%$3.7M$15.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4915+0.286%$209K$38K3xas long as short
Kalshi KXNEARPERP+0.0133%8h4.4884+0.216%$934K$25.5M2.2xas long as short
Nado NEAR-PERP+0.0217%1h4.4939+0.339%$1.7M$3.2M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4930+0.319%$12.7M$33.1M75xas long as short
01 Exchange NEARUSD+0.0344%1h4.4960+0.386%$13K$6K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0360% / S −0.0262%1h4.4880+0.207%$264K100xas long as short
Hyperliquid NEAR+0.0405%1h4.4930+0.318%$365.1M$318.7M10xas long as short
HTX NEAR-USDT+0.0468%8h4.4990+0.453%$473K$3.7M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.4988+0.449%$2.3M$17.7M50xas long as short
Lighter NEAR+0.0496%1h4.4942+0.346%$17.7M$24.1M15xas long as short
Lighter RH NEAR+0.0504%1h4.4954+0.373%$1.6M$6.5M10xas long as short
Backpack NEAR_USDC_PERP+0.0603%1h4.4924+0.306%$1.1M$7.1M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.4919+0.294%$618K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.4815+0.063%$422K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.4790+0.007%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1113%1h4.4645−0.317%$6K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1599%1h4.4963+0.393%$1.9M$13.1M25xas long as short