Funding arb · Price arb /

NEAR

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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: OKX against Bybit+0.051%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.051%, 7d avg −0.002%

Together, before fees+0.012%+$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: OKX is 0.053% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.2958	0.0100	pay 0.0100% / 8h	2h 33m	$213.7M	$420.3M	75x
Short	OKX NEAR-USDT-SWAP	4.2980	0.0100	get 0.0100% / 8h	2h 33m	$60.5M	$285.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.002%: $5.3
Slippage, 4 orders: −$16.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$31.96
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Bybit: live order book, 10 min ago; OKX: 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, 10 min ago	1.17 bp	9.7 bp −$10	14.8 bp −$148	31.9 bp −$3,194	142.0 bp −$71.0K
Sell OKX live order book, 5 min ago	1.17 bp	10.0 bp −$10	15.7 bp −$157	34.9 bp −$3,490	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	4.2968	+0.024%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2971	+0.031%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2996	+0.089%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.604%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	+0.098%	$113K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3020	+0.144%	$262.9M	$1.08B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.2958	long leg	$213.7M	$420.3M	75x
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.2980	+0.051%	$60.5M	$285.3M	50x
Bulk NEAR-USD	+0.0100%	1h	4.2850	−0.251%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3005	+0.109%	$32.4M	$59.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.3060	+0.237%	$74.8M	$143.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3010	+0.121%	$51.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2967	+0.021%	$71.0M	$127.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2990	+0.074%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2998	+0.094%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2986	+0.066%	$251K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2990	+0.074%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3017	+0.137%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3042	+0.196%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3110	+0.354%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3110	+0.354%	$463K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3030	+0.168%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2959	+0.003%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3055	+0.226%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	+0.424%	$13.3M	$31.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2992	+0.079%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0266%	8h	4.3070	+0.261%	$870K	$24.5M	2.2x	as long as short
ApeX Omni NEARUSDT	+0.0281%	1h	4.2980	+0.051%	$165K	$794K	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2964	+0.015%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.3010	+0.121%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0356%	1h	4.2963	+0.011%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2962	+0.008%	$3.7M	$19.8M	25x	as long as short
SoDEX NEAR-USD	+0.0580%	1h	4.3015	+0.133%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0656%	1h	4.3027	+0.161%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0705%	1h	4.3031	+0.170%	$351.6M	$310.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3023	+0.151%	$7.5M	$38.7M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.3067	+0.254%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3020	+0.144%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2988	+0.069%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3079	+0.282%	$16.9M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3144	+0.433%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1099%	1h	4.3047	+0.207%	$2.0M	$11.0M	25x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.3084	+0.293%	$1.5M	$7.3M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3008	+0.116%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1377%	1h	4.2943	−0.036%	$5K	$12K	10x	as long as short