Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.042%

Price spread now: Orderly against Coinbase International+0.166%7-day average +0.028% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.166%, 7d avg +0.028%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.138% dearer against Coinbase International than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.028%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.2814	0.0256	pay 0.0032% / 1h	54m 41s	$2.3M	$15.8M	50x
Short	Orderly PERP_NEAR_USDC	4.2885	0.0100	get 0.0100% / 8h	2h 54m	$57K	$241K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now +0.166%Rate

Funding earned: −$32.76
Price spread: +0.166% → +0.028%: $13.79
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.97
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	5.02 bp	15.1 bp −$15	22.0 bp −$220	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.2792	−0.052%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2731	−0.193%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2789	−0.058%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.279%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2790	−0.056%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2760	−0.126%	$260.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2718	−0.224%	$211.7M	$427.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2740	−0.173%	$60.3M	$285.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.371%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2824	+0.023%	$31.9M	$59.4M	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	4.2770	−0.103%	$70.6M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2790	−0.056%	$53.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2764	−0.117%	$70.8M	$127.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2830	+0.037%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.032%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2804	−0.022%	$250K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.056%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2819	+0.012%	$274K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.2885	+0.166%	$57K	$241K	20x
SunX NEAR-USDT	+0.0100%	8h	4.2960	+0.341%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2920	+0.248%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2820	+0.014%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2728	−0.202%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2828	+0.033%	$199K	$37K	3x	as long as short
Nado NEAR-PERP	+0.0196%	1h	4.2816	+0.004%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	+0.178%	$13.4M	$31.6M	75x	as long as short
Coinbase International NEAR-PERP-INTXlong	+0.0256%	1h	4.2814	long leg	$2.3M	$15.8M	50x
Kalshi KXNEARPERP	+0.0277%	8h	4.2825	+0.026%	$810K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2785	−0.067%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2752	−0.145%	$2.8M	$5.5M	50x	as long as short
Lighter NEAR	+0.0336%	1h	4.2819	+0.012%	$16.8M	$24.9M	15x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	+0.037%	$165K	$793K	50x	as long as short
Hyperliquid NEAR	+0.0519%	1h	4.2815	+0.002%	$349.6M	$311.0M	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2840	+0.060%	$3.7M	$19.8M	25x	as long as short
01 Exchange NEARUSD	+0.0600%	1h	4.2848	+0.079%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0640%	1h	4.2834	+0.047%	$1.5M	$7.2M	10x	as long as short
SoDEX NEAR-USD	+0.0653%	1h	4.2835	+0.049%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0671%	1h	4.2876	+0.145%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2829	+0.034%	$7.6M	$38.9M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2820	+0.014%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2773	−0.096%	$392K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.2978	+0.383%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2811	−0.008%	$665K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1483%	1h	4.2855	+0.095%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1991%	1h	4.2936	+0.285%	$1.9M	$10.4M	25x	as long as short