Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: Binance against dYdX+0.411%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2542.537% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.411%, 7d avg +0.018%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.393% dearer against dYdX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.1629	0	get 0.0000% / 1h	28m 36s	$108K	$58K	10x
Short	Binance NEARUSDT	4.1800	0.0100	get 0.0100% / 8h	1h 28m	$239.5M	$1.07B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.411%Rate

Funding earned: $21
Price spread: +0.411% → +0.018%: $39.31
Slippage, 4 orders: −$233.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$193.42
Costs to cover: 2.537%
Break-even: 71.5 days

Slippage from dYdX: live order book, 55 min ago; Binance: live order book, 15 min ago.

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 dYdX live order book, 55 min ago	112.52 bp	122.3 bp −$122	122.4 bp −$1,224	122.4 bp −$12.2K	125.0 bp −$62.5K
Sell Binance live order book, 15 min ago	1.20 bp	7.7 bp −$8	11.1 bp −$111	24.1 bp −$2,409	90.9 bp −$45.5K

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	4.1631	+0.005%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1657	+0.067%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.526%	$578	$302K	12x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.1629	long leg	$108K	$58K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.1669	+0.096%	$429K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1662	+0.080%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1682	+0.127%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1684	+0.132%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0096%	1h	4.1794	+0.396%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1800	+0.411%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1653	+0.057%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1599	−0.072%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1688	+0.141%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1621	−0.019%	$360K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.1800	+0.411%	$239.5M	$1.07B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1770	+0.338%	$213.1M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1780	+0.363%	$57.6M	$276.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1750	+0.290%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1723	+0.226%	$29.9M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1700	+0.170%	$82.0M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1640	+0.026%	$54.8M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1728	+0.238%	$69.1M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1730	+0.242%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	+0.050%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1758	+0.310%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1588	−0.098%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1730	+0.242%	$174K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1689	+0.144%	$204K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1730	+0.242%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1650	+0.050%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1660	+0.074%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.070%	$237K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1685	+0.134%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1648	+0.046%	$201K	$62K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0182%	1h	4.1684	+0.132%	$1.8M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1650	+0.050%	$12.3M	$31.6M	75x	as long as short
Hyperliquid NEAR	+0.0342%	1h	4.1697	+0.163%	$352.1M	$298.9M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1781	+0.365%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1656	+0.065%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0433%	1h	4.1698	+0.166%	$1.2M	$5.7M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1800	+0.411%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0548%	1h	4.1793	+0.394%	$1.8M	$3.5M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.1725	+0.230%	$15.9M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0859%	1h	4.1720	+0.217%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0972%	8h	4.1770	+0.338%	$447K	$3.6M	75x	as long as short