Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Binance against Bybit+0.064%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.064%, 7d avg +0.033%

Together, before fees−0.008%−$1 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: Binance is 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4470	0.0100	pay 0.0100% / 8h	5h 34m	$224.1M	$418.2M	75x
Short	Binance NEARUSDT	4.4498	0.0100	get 0.0100% / 8h	5h 34m	$269.8M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.033%: $3.12
Slippage, 4 orders: −$14.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.74
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 10 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, 5 min ago	1.14 bp	11.3 bp −$11	16.8 bp −$168	35.3 bp −$3,534	159.4 bp −$79.7K
Sell Binance live order book, 10 min ago	1.14 bp	9.0 bp −$9	16.1 bp −$161	41.3 bp −$4,129	133.4 bp −$66.7K

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	4.4469	−0.002%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4482	+0.027%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4436	−0.076%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4474	+0.009%	$656K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4439	−0.070%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.881%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4480	+0.022%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4461	−0.021%	$420K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4498	+0.064%	$269.8M	$1.08B	75x
Bybit NEARUSDTlong	+0.0100%	8h	4.4470	long leg	$224.1M	$418.2M	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	4.4440	−0.067%	$63.4M	$294.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.111%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4446	−0.054%	$32.1M	$62.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4500	+0.067%	$76.9M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4510	+0.090%	$56.1M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4452	−0.040%	$73.2M	$126.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4430	−0.090%	—	$144.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.390%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3985	−1.090%	$264K	$987K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4104	−0.823%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4526	+0.126%	$213K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4472	+0.004%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4540	+0.157%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4472	+0.004%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4580	+0.247%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	−0.045%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4419	−0.114%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4444	−0.057%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4484	+0.032%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.3960	−1.147%	$200K	$779K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.202%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0236%	8h	4.4510	+0.090%	$3.1M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4435	−0.079%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.4465	−0.011%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4529	+0.133%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4490	+0.045%	$212K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.4486	+0.036%	$2.0M	$4.4M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.4518	+0.108%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0692%	1h	4.4490	+0.046%	$8.3M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0817%	1h	4.4560	+0.201%	$375.7M	$304.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4549	+0.178%	$1.7M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.735%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4507	+0.082%	$563K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4559	+0.201%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1696%	1h	4.4151	−0.718%	$6K	$12K	10x	as long as short