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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0464%/8h= +50.8% APRnext payment +$0.58 per $10,000 · paid last 24h +0.048%
Price spread now: Extended against Coinbase International−0.266%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$360.358% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.218%+$22 on $10k
Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.266%, 7d avg −0.028%
Together, before fees+0.102%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.238% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.028%). If the spread goes back, that is −$24 on $10k: about 41 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.218% in total) that is about 7.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NEAR-PERP-INTX4.29930.0056pay 0.0007% / 1h0m 17s$2.3M$15.8M50x
ShortExtended NEAR-USD4.28790.0520get 0.0065% / 1h0m 17s$3.7M$19.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$97.44
Price spread: −0.266% → −0.028%
−$23.8
Slippage, 4 orders
−$20.83
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$37.81
Costs to cover
0.358%
Break-even
4.3 days
Slippage from Coinbase International: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago6.86 bp11.9 bp −$1218.2 bp −$182786.1 bp −$78.6Kdoesn't fit
Sell Extended live order book, 4 min ago0.35 bp4.5 bp −$410.2 bp −$1021245.6 bp −$124.6Kdoesn'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%1h4.2898−0.220%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2882−0.258%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2886−0.248%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.682%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTXlong+0.0056%1h4.2993long leg$2.3M$15.8M50x
Popdex NEARUSDT+0.0096%1h4.2940−0.123%$111K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2950−0.100%$261.9M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2888−0.244%$212.5M$426.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2900−0.216%$60.6M$285.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2973−0.047%$245K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2894−0.230%$31.8M$62.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2930−0.147%$72.4M$147.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2940−0.123%$53.3M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2870−0.286%$70.9M$127.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2920−0.170%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2857−0.315%$8.1M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2978−0.034%$251K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2967−0.060%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2960−0.077%$165K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2956−0.086%$267K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2925−0.158%$57K$244K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3050+0.133%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2970−0.053%$457K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2910−0.193%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2913−0.185%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2905−0.205%$199K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2930−0.147%$13.4M$31.6M75xas long as short
Kalshi KXNEARPERP+0.0250%8h4.2955−0.088%$773K$23.9M2.2xas long as short
Pacifica NEAR+0.0263%1h4.2906−0.201%$396K$1.3M10xas long as short
SoDEX NEAR-USD+0.0301%1h4.2875−0.274%$6K$53K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2882−0.259%$232K100xas long as short
Aster NEARUSDT+0.0329%8h4.2920−0.170%$2.8M$5.5M50xas long as short
Extended NEAR-USDshort+0.0520%1h4.2879−0.266%$3.7M$19.8M25x
01 Exchange NEARUSD+0.0520%1h4.2981−0.028%$13K$7K10xas long as short
Hyperliquid NEAR+0.0540%1h4.2961−0.074%$351.4M$313.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0562%1h4.2908−0.198%$1.3M$6.8M20xas long as short
Nado NEAR-PERP+0.0564%1h4.2917−0.177%$1.8M$3.1M10xas long as short
Arcus NEAR-USD+0.0627%1h4.2990−0.007%$211K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0719%1h4.2878−0.266%$7.5M$38.9M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0753%1h4.2934−0.137%$1.9M$10.0M25xas long as short
Lighter RH NEAR+0.0904%1h4.2968−0.058%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.714%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1024%1h4.2979−0.032%$17.3M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2972−0.049%$662K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1497%1h4.2999+0.014%$5K$12K10xas long as short