Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.035%

Price spread now: Coinbase International against Bybit+0.391%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.391%, 7d avg +0.011%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.380% dearer against Bybit than usual: you sell high and buy low (spread +0.391% now, against its 7-day average of +0.011%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4512	0.0100	pay 0.0100% / 8h	4h 43m	$223.0M	$425.0M	75x
Short	Coinbase International NEAR-PERP-INTX	4.4686	−0.0008	pay 0.0001% / 1h	43m 30s	$2.2M	$15.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.391%Rate

Funding earned: −$22.68
Price spread: +0.391% → +0.011%: $37.99
Slippage, 4 orders: −$28.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.59
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Coinbase International: live order book, 6 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, 6 min ago	1.12 bp	8.3 bp −$8	15.5 bp −$155	39.9 bp −$3,991	185.7 bp −$92.8K
Sell Coinbase International live order book, 6 min ago	5.05 bp	16.0 bp −$16	24.9 bp −$249	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	4.4514	+0.004%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0008%	1h	4.4686	+0.391%	$2.2M	$15.5M	50x
dYdX NEAR-USD	0.0000%	1h	4.4642	+0.292%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4554	+0.094%	$610K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4528	+0.037%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.969%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4540	+0.063%	$118K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4673	+0.361%	$427K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4563	+0.115%	$272.5M	$1.11B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4512	long leg	$223.0M	$425.0M	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	4.4510	−0.004%	$63.2M	$303.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.085%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4567	+0.124%	$32.2M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4550	+0.085%	$75.0M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4550	+0.085%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4507	−0.011%	$73.2M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4540	+0.063%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.326%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.071%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4375	−0.309%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4230	−0.634%	$170K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4554	+0.094%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4701	+0.425%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4760	+0.557%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4684	+0.386%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4760	+0.557%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4680	+0.377%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4598	+0.192%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4690	+0.400%	$208K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0182%	1h	4.4571	+0.133%	$368.1M	$327.0M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4509	−0.007%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0218%	1h	4.4700	+0.422%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4410	−0.229%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4533	+0.047%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4676	+0.368%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4701	+0.425%	$250K	—	100x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4496	−0.035%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.4724	+0.476%	$1.6M	$7.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0581%	1h	4.4712	+0.449%	$8.3M	$40.2M	50x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4680	+0.377%	$221K	$1.8M	10x	as long as short
Lighter NEAR	+0.0672%	1h	4.4757	+0.550%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	+0.020%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0824%	1h	4.4726	+0.481%	$2.0M	$6.8M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4558	+0.104%	$563K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1554%	1h	4.4629	+0.264%	$6K	$12K	10x	as long as short