Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.176%

Price spread now: HTX against Coinbase International+0.498%7-day average +0.267% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.797%+$80 on $10k

Price spread, last 3 days (all we have)−0.271%−$27 · spread now +0.498%, 7d avg +0.267%

Together, before fees+0.527%+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.231% dearer against Coinbase International than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.267%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.2777	−0.0096	get 0.0012% / 1h	28m 30s	$2.2M	$12.9M	50x
Short	HTX NEAR-USDT	4.2990	0.0100	get 0.0100% / 8h	7h 28m	$461K	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.498%Rate

Funding earned: $41.16
Price spread: +0.498% → +0.267%: $23.09
Slippage, 4 orders: −$39.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $2.58
Costs to cover: 0.617%
Break-even: 6.6 days

Slippage from Coinbase International: live order book, 6 min ago; HTX: live order book, just now.

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, 6 min ago	6.39 bp	13.3 bp −$13	23.6 bp −$236	620.6 bp −$62.1K	doesn't fit
Sell HTX live order book, just now	5.83 bp	14.4 bp −$14	57.3 bp −$573	doesn't fit	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	4.2808	+0.073%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2728	−0.116%	$7.2M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0096%	1h	4.2777	long leg	$2.2M	$12.9M	50x
01 Exchange NEARUSD	−0.0024%	1h	4.2791	+0.033%	$13K	$7K	10x	as long as short
Bybit NEARUSDT	−0.0021%	8h	4.2821	+0.103%	$216.4M	$415.7M	75x	as long as short
Variational Omni NEAR	−0.0005%	8h	4.2608	−0.394%	$8.0M	$18.7M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2776	−0.002%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2838	+0.143%	$416K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2751	−0.060%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.196%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0034%	8h	4.2797	+0.047%	$30.7M	$59.5M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0054%	1h	4.2712	−0.152%	$1.9M	$3.4M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	+0.054%	$114K	$483K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2700	−0.180%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2793	+0.038%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2808	+0.073%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2800	+0.053%	$395K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2800	+0.054%	$253.4M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2820	+0.101%	$60.1M	$278.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2810	+0.077%	$196K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	+0.029%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2780	+0.007%	$76.8M	$140.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2820	+0.101%	$56.2M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2810	+0.077%	$70.9M	$124.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2790	+0.030%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2606	−0.400%	$254K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2603	−0.407%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2320	−1.068%	$177K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2840	+0.147%	$206K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2860	+0.194%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2700	−0.180%	$5K	$52K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.2990	+0.498%	$461K	$3.6M	75x
Phemex NEARUSDT	+0.0100%	8h	4.2720	−0.133%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2788	+0.026%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2685	−0.215%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0157%	1h	4.2821	+0.104%	$359.1M	$304.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	−0.110%	$13.0M	$28.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0306%	1h	4.2745	−0.074%	$272K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.2837	+0.140%	$1.6M	$6.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0409%	1h	4.2813	+0.084%	$1.3M	$5.8M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2823	+0.108%	$406K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0468%	1h	4.2797	+0.047%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.252%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1313%	1h	4.2608	−0.394%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1904%	1h	4.2870	+0.218%	$17.1M	$24.3M	15x	as long as short