Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.048%

Price spread now: Binance against Coinbase International+0.031%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 3 days (all we have)−0.266%−$27 · spread now +0.031%, 7d avg +0.027%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.1807	−0.0032	get 0.0004% / 1h	33m 51s	$2.1M	$12.7M	50x
Short	Binance NEARUSDT	4.1820	0.0100	get 0.0100% / 8h	1h 33m	$239.1M	$1.07B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $27.72
Price spread: +0.031% → +0.027%: $0.39
Slippage, 4 orders: −$17.1
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.99
Costs to cover: 0.371%
Break-even: 9.3 days

Slippage from Coinbase International: 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 Coinbase International live order book, 5 min ago	3.74 bp	11.2 bp −$11	18.4 bp −$184	580.4 bp −$58.0K	doesn't fit
Sell Binance live order book, 10 min ago	1.20 bp	7.7 bp −$8	11.1 bp −$111	24.1 bp −$2,409	90.9 bp −$45.5K

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	4.1770	−0.088%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0032%	1h	4.1807	long leg	$2.1M	$12.7M	50x
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.950%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1804	−0.008%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1810	+0.007%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1794	−0.031%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1838	+0.073%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.1791	−0.038%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1866	+0.141%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1790	−0.041%	$111K	$483K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1800	−0.017%	$54K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1815	+0.019%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1890	+0.199%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1829	+0.053%	$362K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.1820	+0.031%	$239.1M	$1.07B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1812	+0.012%	$213.1M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1810	+0.007%	$57.5M	$276.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1830	+0.055%	$310K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.734%	$236K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1840	+0.079%	$30.0M	$57.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1840	+0.079%	$82.3M	$141.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1870	+0.151%	$55.2M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1828	+0.050%	$69.5M	$125.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1810	+0.007%	—	$136.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1530	−0.662%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1507	−0.719%	$237K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1549	−0.616%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.710%	$182K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1821	+0.033%	$207K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1840	+0.079%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1810	+0.007%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1810	+0.007%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1810	+0.007%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1795	−0.029%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1830	+0.055%	$12.3M	$33.5M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0228%	1h	4.1824	+0.041%	$1.8M	$2.1M	25x	as long as short
Lighter NEAR	+0.0280%	1h	4.1896	+0.213%	$16.0M	$23.2M	15x	as long as short
Hyperliquid NEAR	+0.0300%	1h	4.1885	+0.187%	$353.3M	$298.6M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1811	+0.009%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1792	−0.036%	$282K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0438%	1h	4.1869	+0.148%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0531%	1h	4.1755	−0.124%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	−0.564%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0822%	1h	4.1650	−0.375%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0986%	8h	4.1930	+0.294%	$450K	$3.6M	75x	as long as short