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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.027%
Price spread now: Variational Omni against Coinbase International−0.230%7-day average +0.017% · 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)+0.155%+$15 on $10k
Price spread, last 4 days (all we have)+0.474%+$47 · spread now −0.230%, 7d avg +0.017%
Together, before fees+0.629%+ Points / potential airdropVariational Omni: Active · farm board+$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.247% cheaper against Coinbase International than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.017%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.155%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NEAR-PERP-INTX4.32970.0256pay 0.0032% / 1h16m 44s$2.3M$16.2M50x
ShortVariational Omni NEAR4.31970.0100get 0.0100% / 8h2h 16m$8.4M$18.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$32.76
Price spread: −0.230% → +0.017%
−$24.65
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$67.41
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago3.45 bp15.4 bp −$1524.1 bp −$241doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago3.87 bpdoesn't fit3.9 bp −$3922.5 bp −$2,248doesn'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%1h4.3193−0.239%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3389+0.213%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3250−0.109%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.358%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3270−0.062%$114K$497K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3385+0.203%$217.1M$420.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3420+0.284%$61.0M$288.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3050−0.570%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3406+0.252%$32.9M$60.3M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3440+0.330%$52.5M$46.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.3416+0.275%$71.7M$127.0M75xas long as short
Variational Omni NEARshort+0.0100%8h4.3197−0.230%$8.4M$18.2M
edgeX NEARUSDC+0.0100%4h4.3265−0.074%$261K$956K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3442+0.335%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3236−0.141%$266K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3268−0.067%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3330+0.076%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3330+0.076%$467K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3250−0.109%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3390+0.215%$31K$60810xas long as short
BingX NEAR-USDT+0.0105%8h4.3430+0.307%$143.5Mas long as short
MEXC NEAR_USDT+0.0109%8h4.3410+0.261%$78.5M$145.1M200xas long as short
Binance NEARUSDT+0.0111%8h4.3429+0.305%$264.4M$1.09B75xas long as short
Aevo NEAR-PERP+0.0112%1h4.3295−0.005%$201K$37K3xas long as short
BloFin NEAR-USDT+0.0229%8h4.3250−0.109%$13.2M$31.7M75xas long as short
Coinbase International NEAR-PERP-INTXlong+0.0256%1h4.3297long leg$2.3M$16.2M50x
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0201%1h4.3227−0.161%$231K100xas long as short
Kalshi KXNEARPERP+0.0316%8h4.3325+0.065%$988K$24.7M2.2xas long as short
Aster NEARUSDT+0.0334%8h4.3419+0.281%$2.8M$5.3M50xas long as short
ApeX Omni NEARUSDT+0.0367%1h4.3490+0.446%$167K$795K50xas long as short
Nado NEAR-PERP+0.0403%1h4.3245−0.121%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0504%1h4.3409+0.258%$3.7M$19.5M25xas long as short
SoDEX NEAR-USD+0.0556%1h4.3235−0.143%$5K$52K10xas long as short
Hyperliquid NEAR+0.0661%1h4.3425+0.296%$355.8M$310.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0680%1h4.3248−0.113%$1.3M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0732%1h4.3230−0.155%$7.3M$39.1M50xas long as short
01 Exchange NEARUSD+0.0736%1h4.3490+0.446%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3460+0.376%$225K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3421+0.285%$398K$1.3M10xas long as short
Lighter NEAR+0.0928%1h4.3460+0.377%$17.0M$25.2M15xas long as short
Phoenix NEAR+0.1033%1h4.3541+0.564%$1.8M$2.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1069%1h4.3278−0.044%$2.0M$11.7M25xas long as short
Lighter RH NEAR+0.1112%1h4.3453+0.360%$1.4M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3460+0.378%$689K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1332%1h4.3243−0.125%$5K$12K10xas long as short