Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.156%

Price spread now: HTX against dYdX+0.599%7-day average +0.255% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1501.500% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.774%+$77 on $10k

Price spread, last 3 days (all we have)−0.237%−$24 · spread now +0.599%, 7d avg +0.255%

Together, before fees+0.538%+$54 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 HTX is 0.344% dearer against dYdX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.255%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3102	0.0004	pay 0.0000% / 1h	4m 57s	$112K	$64K	10x
Short	HTX NEAR-USDT	4.3360	0.0100	get 0.0100% / 8h	7h 04m	$456K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.599%Rate

Funding earned: $20.19
Price spread: +0.599% → +0.255%: $34.42
Slippage, 4 orders: −$128
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$95.39
Costs to cover: 1.500%
Break-even: 40.1 days

Slippage from dYdX: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago	53.24 bp	59.6 bp −$60	62.5 bp −$625	85.4 bp −$8,538	138.1 bp −$69.1K
Sell HTX live order book, 4 min ago	8.09 bp	16.1 bp −$16	63.1 bp −$631	doesn't fit	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	4.3097	−0.012%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3211	+0.253%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3161	+0.137%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3200	+0.228%	$360K	$18.8M	2.2x	as long as short
dYdX NEAR-USDlong	+0.0004%	1h	4.3102	long leg	$112K	$64K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3159	+0.134%	$159K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.104%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0021%	8h	4.3340	+0.552%	$3.9M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.925%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0040%	1h	4.3165	+0.146%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3110	+0.019%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3179	+0.179%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3080	−0.051%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3220	+0.274%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3106	+0.010%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3477	+0.870%	$259.4M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3490	+0.900%	$222.7M	$416.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	+0.877%	$61.5M	$278.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	+0.181%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.327%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3503	+0.931%	$31.2M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3570	+1.086%	$76.3M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	+1.016%	$56.5M	$42.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3483	+0.884%	$72.4M	$122.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3530	+0.993%	—	$141.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3270	+0.390%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3241	+0.322%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3290	+0.436%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3137	+0.081%	$204K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3170	+0.158%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3181	+0.184%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3360	+0.599%	$456K	$3.7M	75x
Extended NEAR-USD	+0.0104%	1h	4.3487	+0.894%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3167	+0.151%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	+0.344%	$13.2M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0308%	1h	4.3126	+0.056%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3176	+0.171%	$404K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0439%	1h	4.3097	−0.012%	$1.9M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0444%	1h	4.3497	+0.917%	$369.2M	$301.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0488%	1h	4.3544	+1.026%	$1.3M	$5.9M	20x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3262	+0.371%	$1.6M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.269%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0538%	1h	4.3188	+0.200%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1497%	1h	4.3203	+0.235%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3403	+0.699%	$17.3M	$24.7M	15x	as long as short