Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.041%

Price spread now: Paradex against Deribit−0.007%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.2148	0.0154	pay 0.0019% / 1h	14m 23s	$1.9M	$2.2M	25x
Short	Paradex NEAR-USD-PERP	4.2145	0.0100	get 0.0100% / 8h	1h 14m	$30K	$647	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$11.37
Price spread: −0.007% → 0.000%: −$0.72
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.09
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 5 min ago; Paradex: 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 Deribit live order book, 5 min ago	3.80 bp	8.0 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	4.2123	−0.059%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2070	−0.185%	$2.2M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.751%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2152	+0.008%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2113	−0.083%	$446K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2142	−0.014%	$209K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2114	−0.080%	$7.7M	$36.4M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2160	+0.028%	$108K	$487K	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.2145	−0.007%	$30K	$647	10x
Aster NEARUSDT	+0.0100%	8h	4.2200	+0.123%	$3.0M	$5.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2170	+0.053%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2142	−0.015%	$242.3M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2112	−0.085%	$215.2M	$418.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2100	−0.114%	$58.6M	$276.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2150	+0.005%	$227K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2142	−0.014%	$30.1M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2140	−0.019%	$83.5M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2160	+0.028%	$55.4M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2104	−0.104%	$69.8M	$124.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2130	−0.043%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2040	−0.257%	$7.8M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2112	−0.084%	$246K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2084	−0.151%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2120	−0.066%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2184	+0.085%	$204K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2125	−0.055%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2200	+0.123%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2108	−0.095%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2090	−0.138%	$3.9M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.252%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2131	−0.040%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2106	−0.100%	$203K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2238	+0.214%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2190	+0.100%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0154%	1h	4.2148	long leg	$1.9M	$2.2M	25x
BloFin NEAR-USDT	+0.0220%	8h	4.2130	−0.043%	$12.4M	$31.9M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2183	+0.083%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0385% / S −0.0332%	1h	4.2134	−0.033%	$286K	—	100x	as long as short
Hyperliquid NEAR	+0.0475%	1h	4.2236	+0.209%	$358.4M	$294.2M	10x	as long as short
Nado NEAR-PERP	+0.0498%	1h	4.2146	−0.004%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.2170	+0.052%	$1.3M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2164	+0.038%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0904%	1h	4.2269	+0.286%	$16.3M	$23.6M	15x	as long as short
HTX NEAR-USDT	+0.0940%	8h	4.2160	+0.028%	$451K	$3.5M	75x	as long as short
Aftermath Perps NEARUSD	+0.0984%	1h	4.2105	−0.101%	$5K	$11K	10x	as long as short