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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRnext payment $0.48 per $10,000 · paid last 24h +0.028%
Price spread now: SoDEX against Coinbase International−0.157%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SoDEX is 0.157% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NEAR-PERP-INTX4.39790.0488pay 0.0061% / 1h25m 57s$2.3M$17.3M50x
ShortSoDEX NEAR-USD4.39100.0100get 0.0013% / 1h25m 57s$5K$49K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$81.48
Price spread: −0.157% → 0.000%
−$15.69
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$115.17
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago7.54 bp15.1 bp −$1523.5 bp −$235doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0430%1h4.3898−0.184%$7.2M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3745−0.533%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3862−0.267%$107K$65K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3779−0.454%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.841%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3870−0.248%$121K$503K50xas long as short
Aster NEARUSDT+0.0100%8h4.3983+0.008%$2.7M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.4000+0.048%$265.4M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3990+0.025%$221.7M$427.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3970−0.020%$62.2M$296.7M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3880−0.225%$222K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3750−0.521%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3982+0.007%$36.9M$62.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3990+0.025%$90.9M$157.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4020+0.093%$52.8M$45.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3966−0.030%$72.6M$127.6M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3990+0.025%$83.1Mas long as short
Variational Omni NEAR+0.0100%8h4.3688−0.662%$9.0M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.3715−0.601%$253K$896K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3710−0.612%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3730−0.566%$165K$825K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3890−0.202%$274K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3916−0.143%$57K$238K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3950−0.066%$2K$1.3M20xas long as short
SoDEX NEAR-USDshort+0.0100%1h4.3910−0.157%$5K$49K10x
Phemex NEARUSDT+0.0100%8h4.3900−0.180%$3.5M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3850−0.294%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3952−0.060%$3.6M$15.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3900−0.180%$204K$40K3xas long as short
Kalshi KXNEARPERP+0.0138%8h4.3896−0.189%$868K$25.5M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3850−0.293%$12.6M$32.4M75xas long as short
Nado NEAR-PERP+0.0250%1h4.3895−0.190%$1.7M$3.1M10xas long as short
Hyperliquid NEAR+0.0261%1h4.3944−0.080%$355.2M$316.6M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3899−0.182%$13K$6K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0355% / S −0.0232%1h4.3866−0.256%$270K100xas long as short
Lighter NEAR+0.0400%1h4.3948−0.070%$17.3M$23.9M15xas long as short
Lighter RH NEAR+0.0440%1h4.3960−0.043%$1.5M$6.5M10xas long as short
HTX NEAR-USDT+0.0450%8h4.3980+0.002%$464K$3.7M75xas long as short
Coinbase International NEAR-PERP-INTXlong+0.0488%1h4.3979long leg$2.3M$17.3M50x
Backpack NEAR_USDC_PERP+0.0523%1h4.3947−0.073%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3869−0.249%$593K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3867−0.254%$414K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3857−0.277%$1.8M$2.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0775%1h4.3928−0.116%$1.9M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1048%1h4.3785−0.440%$5K$7K10xas long as short