Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.046%
Price spread now: Aevo against Coinbase International−0.159%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.228%+$23 on $10k
Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.159%, 7d avg +0.032%
Together, before fees+0.510%+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.190% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of +0.032%). If the spread goes back, that is −$19 on $10k: about 5.3 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NEAR-PERP-INTX4.4050−0.0016get 0.0002% / 1h37m 06s$2.2M$14.3M50x
ShortAevo NEAR-PERP4.39800.0104get 0.0013% / 1h37m 06s$205K$34K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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

Funding earned
$25.2
Price spread: −0.159% → +0.032%
−$19.05
Slippage, 4 orders
−$85.22
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$105.07
Costs to cover
1.112%
Break-even
36.2 days
Slippage from Coinbase International: live order book, 2 min ago; Aevo: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago6.03 bp11.2 bp −$1117.0 bp −$170565.7 bp −$56.6Kdoesn't fit
Sell Aevo live order book, 27 min ago10.31 bp44.4 bp −$44doesn't fitdoesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3941−0.248%$2K20xas long as short
Coinbase International NEAR-PERP-INTXlong−0.0016%1h4.4050long leg$2.2M$14.3M50x
dYdX NEAR-USD0.0000%1h4.3921−0.293%$108K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4034−0.036%$612K$19.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3958−0.209%$199K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.993%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3980−0.159%$115K$488K50xas long as short
Pacifica NEAR+0.0100%1h4.3943−0.242%$415K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4111+0.140%$268.4M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4100+0.114%$222.5M$417.7M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4070+0.045%$62.6M$291.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3650−0.908%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4087+0.084%$31.7M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4100+0.114%$76.2M$141.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3990−0.136%$55.5M$44.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4070+0.045%$72.6M$126.3M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4080+0.068%$144.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4286+0.537%$8.6M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4253+0.460%$265K$986K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3800−0.568%$1.5M$1.4M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3991−0.134%$236K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3957−0.211%$60K$195K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4030−0.045%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4047−0.007%$5K$50K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4160+0.250%$456K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4100+0.114%$3.9M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3956−0.213%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4030−0.044%$3.8M$18.6M25xas long as short
Aevo NEAR-PERPshort+0.0104%1h4.3980−0.159%$205K$34K3x
ApeX Omni NEARUSDT+0.0198%1h4.3790−0.590%$199K$779K50xas long as short
Aster NEARUSDT+0.0214%8h4.3981−0.158%$3.0M$5.5M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.4110+0.136%$13.6M$31.2M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0350% / S −0.0245%1h4.3950−0.227%$258K100xas long as short
01 Exchange NEARUSD+0.0408%1h4.3983−0.152%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.3990−0.136%$209K$1.7M10xas long as short
Nado NEAR-PERP+0.0420%1h4.3938−0.253%$1.9M$3.1M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0614%1h4.4004−0.104%$1.9M$4.4M25xas long as short
Backpack NEAR_USDC_PERP+0.0668%1h4.4127+0.175%$1.4M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0699%1h4.4076+0.059%$8.2M$41.0M50xas long as short
Hyperliquid NEAR+0.0795%1h4.4158+0.245%$371.7M$303.8M10xas long as short
Lighter RH NEAR+0.0800%1h4.4133+0.188%$1.6M$6.9M10xas long as short
Phoenix NEAR+0.0855%1h4.4223+0.393%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.3986−0.145%$558K$1.3M10xas long as short
Lighter NEAR+0.1448%1h4.4132+0.185%$17.7M$25.8M15xas long as short
Aftermath Perps NEARUSD+0.1747%1h4.3985−0.148%$6K$12K10xas long as short