Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0310%/8h= +33.9% APRpaid last 24h +0.127%

Price spread now: Arcus against Bybit−0.002%7-day average +0.058% · 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−$39as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.322%+$32 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.002%, 7d avg +0.058%

Together, before fees+0.325%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.060% cheaper against Bybit than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.058%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4431	0.0100	pay 0.0100% / 8h	5h 35m	$224.0M	$418.1M	75x
Short	Arcus NEAR-USD	4.4430	0.0410	get 0.0051% / 1h	35m 28s	$211K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.002%Rate

Funding earned: $65.03
Price spread: −0.002% → +0.058%: −$6.01
Slippage, 4 orders: −$17.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $26.09
Costs to cover: 0.329%
Break-even: 4.2 days

Slippage from Bybit: live order book, 4 min ago; Arcus: live order book, 4 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, 4 min ago	1.14 bp	11.3 bp −$11	16.8 bp −$168	35.3 bp −$3,534	159.4 bp −$79.7K
Sell Arcus live order book, 4 min ago	3.41 bp	6.8 bp −$7	14.5 bp −$145	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	4.4379	−0.118%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4284	−0.331%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4367	−0.145%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4154	−0.623%	$628K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4298	−0.299%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.799%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4390	−0.092%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4382	−0.110%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4410	−0.047%	$269.2M	$1.08B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4431	long leg	$224.0M	$418.1M	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	4.4410	−0.047%	$63.3M	$293.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.023%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4380	−0.115%	$32.0M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4390	−0.092%	$76.2M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4380	−0.115%	$55.9M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4387	−0.099%	$73.1M	$126.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4380	−0.115%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.303%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3985	−1.004%	$264K	$987K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4104	−0.736%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4449	+0.041%	$237K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4324	−0.241%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4370	−0.137%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4315	−0.261%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	−0.205%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	−0.430%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4383	−0.108%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4398	−0.075%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4335	−0.216%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.3960	−1.060%	$200K	$779K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	−0.722%	$13.6M	$31.2M	75x	as long as short
Aster NEARUSDT	+0.0228%	8h	4.4409	−0.051%	$3.0M	$5.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4301	−0.292%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.4401	−0.066%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4453	+0.050%	$13K	$7K	10x	as long as short
Arcus NEAR-USDshort	+0.0410%	1h	4.4430	−0.002%	$211K	$1.7M	10x
Backpack NEAR_USDC_PERP	+0.0680%	1h	4.4350	−0.182%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0695%	1h	4.4342	−0.200%	$8.3M	$41.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0765%	1h	4.4370	−0.137%	$1.9M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0817%	1h	4.4430	−0.002%	$374.1M	$304.1M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4416	−0.034%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4223	−0.468%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4426	−0.010%	$562K	$1.3M	10x	as long as short
Lighter NEAR	+0.1432%	1h	4.4455	+0.053%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1728%	1h	4.4021	−0.922%	$6K	$12K	10x	as long as short