Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: Bitget against dYdX+0.083%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2572.569% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.284%+$28 · spread now +0.083%, 7d avg +0.003%

Together, before fees+0.427%+$43 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 Bitget is 0.080% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.2759	0	get 0.0000% / 1h	56m 34s	$105K	$68K	10x
Short	Bitget NEARUSDT	4.2795	0.0100	get 0.0100% / 8h	2h 56m	$70.8M	$127.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.083%Rate

Funding earned: $21
Price spread: +0.083% → +0.003%: $7.99
Slippage, 4 orders: −$234.9
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$227.92
Costs to cover: 2.569%
Break-even: 83.0 days

Slippage from dYdX: live order book, 57 min ago; Bitget: live order book, 3 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, 57 min ago	109.99 bp	115.0 bp −$115	115.0 bp −$1,150	118.2 bp −$11.8K	320.7 bp −$160.4K
Sell Bitget live order book, 3 min ago	0.12 bp	8.9 bp −$9	16.0 bp −$160	30.8 bp −$3,083	doesn't fit

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	4.2791	+0.074%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.2759	long leg	$105K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2730	−0.070%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.156%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2760	+0.001%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2790	+0.071%	$260.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2779	+0.046%	$212.1M	$427.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	+0.048%	$60.2M	$285.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.499%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2731	−0.067%	$31.8M	$59.3M	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	4.2780	+0.048%	$70.5M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2740	−0.045%	$53.0M	$45.7M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.2795	+0.083%	$70.8M	$127.9M	75x
BingX NEAR-USDT	+0.0100%	8h	4.2740	−0.045%	—	$144.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2857	+0.229%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2924	+0.385%	$251K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2903	+0.336%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2910	+0.352%	$165K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2790	+0.071%	$277K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2792	+0.076%	$57K	$241K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2870	+0.259%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2820	+0.142%	$456K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2780	+0.048%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2723	−0.085%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2694	−0.153%	$199K	$37K	3x	as long as short
Nado NEAR-PERP	+0.0175%	1h	4.2770	+0.026%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	+0.142%	$13.3M	$31.6M	75x	as long as short
Kalshi KXNEARPERP	+0.0255%	8h	4.2780	+0.048%	$799K	$24.3M	2.2x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2786	+0.062%	$2.3M	$15.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2695	−0.150%	$229K	—	100x	as long as short
Lighter NEAR	+0.0328%	1h	4.2769	+0.021%	$16.8M	$24.8M	15x	as long as short
Aster NEARUSDT	+0.0329%	8h	4.2776	+0.038%	$2.8M	$5.5M	50x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.2729	−0.071%	$1.5M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0456%	1h	4.2829	+0.163%	$349.9M	$314.2M	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2744	−0.037%	$3.7M	$19.8M	25x	as long as short
01 Exchange NEARUSD	+0.0568%	1h	4.2829	+0.163%	$13K	$7K	10x	as long as short
SoDEX NEAR-USD	+0.0568%	1h	4.2765	+0.013%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0621%	1h	4.2795	+0.083%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0740%	1h	4.2757	−0.005%	$7.5M	$38.9M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2790	+0.071%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2752	−0.017%	$392K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.2978	+0.511%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2790	+0.071%	$665K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1510%	1h	4.2905	+0.340%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.6673%	1h	4.3049	+0.677%	$1.9M	$10.1M	25x	as long as short