Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.008%

Price spread now: Aevo against Bybit+0.370%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.370%, 7d avg +0.049%

Together, before fees−0.204%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.321% dearer against Bybit than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3559	0.0100	pay 0.0100% / 8h	7h 50m	$219.7M	$429.1M	75x
Short	Aevo NEAR-PERP	4.3720	0.0112	get 0.0014% / 1h	50m 50s	$203K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.370%Rate

Funding earned: $2.52
Price spread: +0.370% → +0.049%: $32.06
Slippage, 4 orders: −$40.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$32.48
Costs to cover: 0.671%
Break-even: 97.2 days

Slippage from Bybit: live order book, 3 min ago; Aevo: live order book, 48 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 Bybit live order book, 3 min ago	1.15 bp	8.2 bp −$8	12.1 bp −$121	31.0 bp −$3,104	132.5 bp −$66.3K
Sell Aevo live order book, 48 min ago	10.41 bp	25.0 bp −$25	doesn't fit	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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3692	+0.305%	$7.3M	$38.6M	50x	as long as short
Phemex NEARUSDT	−0.0192%	8h	4.3680	+0.278%	$3.5M	$8.2M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3668	+0.251%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3573	+0.031%	$107K	$67K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3694	+0.311%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.934%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3700	+0.324%	$119K	$503K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.3587	+0.064%	$351.2M	$316.7M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3579	+0.045%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3559	long leg	$219.7M	$429.1M	75x

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	4.3560	+0.002%	$61.4M	$295.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3710	+0.347%	$229K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.296%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3633	+0.170%	$36.2M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3670	+0.255%	$52.9M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3552	−0.016%	$72.0M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	+0.296%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3651	+0.211%	$253K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	+0.256%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3660	+0.232%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3690	+0.301%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3727	+0.386%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3770	+0.484%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3705	+0.335%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3700	+0.323%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3634	+0.172%	$3.6M	$16.1M	25x	as long as short
Aevo NEAR-PERPshort	+0.0112%	1h	4.3720	+0.370%	$203K	$40K	3x
Binance NEARUSDT	+0.0126%	8h	4.3587	+0.065%	$263.0M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0129%	8h	4.3640	+0.186%	$90.3M	$153.1M	200x	as long as short
BingX NEAR-USDC	+0.0144%	8h	4.3610	+0.117%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0155%	8h	4.3716	+0.360%	$931K	$25.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0246%	8h	4.3710	+0.347%	$12.5M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3714	+0.356%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0306%	1h	4.3690	+0.302%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0346% / S −0.0247%	1h	4.3700	+0.324%	$255K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.3624	+0.149%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0429%	8h	4.3820	+0.599%	$463K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3687	+0.294%	$2.3M	$17.0M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0561%	1h	4.3694	+0.310%	$1.1M	$7.2M	20x	as long as short
Lighter NEAR	+0.0576%	1h	4.3631	+0.164%	$17.2M	$23.8M	15x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3701	+0.327%	$592K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3710	+0.347%	$412K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0711%	1h	4.3751	+0.441%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3750	+0.438%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1100%	1h	4.3690	+0.301%	$5K	$7K	10x	as long as short