Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0616%/8h= +67.5% APRpaid last 24h +0.089%

Price spread now: Nado against Bybit+0.129%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.129%, 7d avg +0.065%

Together, before fees+0.027%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Nado is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.065%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3560	0.0100	pay 0.0100% / 8h	5h 59m	$219.4M	$416.7M	75x
Short	Nado NEAR-PERP	4.3616	0.0716	get 0.0090% / 1h	59m 03s	$1.9M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.129%Rate

Funding earned: $129.39
Price spread: +0.129% → +0.065%: $6.4
Slippage, 4 orders: −$12.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $105.03
Costs to cover: 0.308%
Break-even: 1.3 days

Slippage from Bybit: live order book, 5 min ago; Nado: live order book, 5 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	1.15 bp	9.6 bp −$10	14.8 bp −$148	34.4 bp −$3,440	140.7 bp −$70.3K
Sell Nado live order book, 5 min ago	0.57 bp	7.5 bp −$7	17.6 bp −$176	doesn't fit	doesn't fit

NEAR on 44 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	4.3599	+0.089%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3453	−0.246%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.339%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3634	+0.170%	$555K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3614	+0.125%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.936%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	+0.184%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3701	+0.324%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3580	+0.046%	$264.4M	$1.08B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3560	long leg	$219.4M	$416.7M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3570	+0.023%	$62.0M	$288.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3670	+0.253%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	−0.011%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3590	+0.069%	$31.4M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3560	0.000%	$75.5M	$139.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3570	+0.023%	$53.8M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3613	+0.122%	$71.6M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3640	+0.184%	—	$143.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.098%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.035%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.045%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	−0.092%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3652	+0.211%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3627	+0.154%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.275%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3605	+0.103%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.321%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	+0.023%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3612	+0.119%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3589	+0.067%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3620	+0.138%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3624	+0.148%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3608	+0.111%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3662	+0.234%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0415%	1h	4.3638	+0.179%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	+0.055%	$1.8M	$2.5M	10x	as long as short
Hyperliquid NEAR	+0.0621%	1h	4.3655	+0.218%	$367.5M	$306.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0677%	1h	4.3625	+0.149%	$1.5M	$6.3M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3624	+0.147%	$8.2M	$41.1M	50x	as long as short
Nado NEAR-PERPshort	+0.0716%	1h	4.3616	+0.129%	$1.9M	$3.1M	10x
Lighter RH NEAR	+0.0840%	1h	4.3625	+0.149%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3671	+0.256%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1376%	1h	4.3643	+0.190%	$17.4M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1709%	1h	4.3682	+0.279%	$5K	$12K	10x	as long as short