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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0524%/8h= +57.4% APRnext payment +$0.66 per $10,000 · paid last 24h +0.018%
Price spread now: 01 Exchange against Bulk−0.403%7-day average · you buy dearer than you sell
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. 01 Exchange is 0.403% cheaper against Bulk than usual: you would sell low and buy high (spread −0.403% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 2.6 days of funding at the current rate (+$16 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk NEAR-USD4.29730.0100pay 0.0013% / 1h54m 31s$245K−$010x
Short01 Exchange NEARUSD4.28000.0624get 0.0078% / 1h54m 31s$13K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$110.04
Price spread: −0.403% → 0.000%
−$40.26
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$55.78
Costs to cover
0.140%
Break-even
3.5 days
Slippage unknown: Bulk: live order book, 59 min ago; 01 Exchange: 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, 59 min ago11.45 bp15.0 bp −$1515.0 bp −$15024.8 bp −$2,48255.6 bp −$27.8K
Sell 01 Exchange no order-book sample
01 Exchange: 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
Reya NEARRUSDPERP−0.0171%1h4.2725−0.578%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2731−0.562%$105K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2789−0.427%$160K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.637%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2750−0.519%$111K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2780−0.449%$260.9M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2720−0.589%$211.7M$427.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2740−0.542%$60.3M$285.9M50xas long as short
Bulk NEAR-USDlong+0.0100%1h4.2973long leg$245K−$010x
Gate NEAR_USDT+0.0100%8h4.2722−0.584%$31.8M$59.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2770−0.472%$70.6M$142.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2790−0.426%$53.0M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2714−0.603%$70.7M$127.9M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2740−0.542%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2828−0.339%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2804−0.392%$250K$947K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2790−0.426%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2754−0.510%$273K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2885−0.205%$57K$241K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2960−0.030%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2920−0.123%$459K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2820−0.356%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2728−0.571%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2828−0.337%$199K$37K3xas long as short
Nado NEAR-PERP+0.0203%1h4.2730−0.565%$1.7M$3.2M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2890−0.193%$13.4M$31.6M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.2814−0.370%$2.3M$15.8M50xas long as short
Kalshi KXNEARPERP+0.0277%8h4.2825−0.344%$810K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0195%1h4.2785−0.437%$229K100xas long as short
Aster NEARUSDT+0.0332%8h4.2760−0.496%$2.8M$5.5M50xas long as short
Lighter NEAR+0.0336%1h4.2819−0.358%$16.8M$24.9M15xas long as short
ApeX Omni NEARUSDT+0.0512%1h4.2830−0.333%$165K$793K50xas long as short
Hyperliquid NEAR+0.0519%1h4.2815−0.368%$349.6M$311.0M10xas long as short
Extended NEAR-USD+0.0528%1h4.2720−0.588%$3.7M$19.9M25xas long as short
01 Exchange NEARUSDshort+0.0624%1h4.2800−0.403%$13K$7K10x
Lighter RH NEAR+0.0640%1h4.2834−0.323%$1.5M$7.2M10xas long as short
SoDEX NEAR-USD+0.0653%1h4.2835−0.321%$6K$53K10xas long as short
Backpack NEAR_USDC_PERP+0.0671%1h4.2876−0.226%$1.3M$6.8M20xas long as short
Kraken Futures PF_NEARUSD+0.0738%1h4.2829−0.336%$7.6M$38.9M50xas long as short
Arcus NEAR-USD+0.0814%1h4.2780−0.449%$210K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2773−0.465%$392K$1.3M10xas long as short
Phoenix NEAR+0.0941%1h4.2978+0.012%$1.8M$2.5M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.2764−0.485%$670K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1483%1h4.2855−0.275%$5K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1991%1h4.2936−0.086%$1.9M$10.4M25xas long as short