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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%
Price spread now: Phemex against dYdX−0.068%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3333.332% of the position
Long on dYdXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.139%+$14 on $10k
Price spread, last 3 days (all we have)+0.320%+$32 · spread now −0.068%, 7d avg +0.019%
Together, before fees+0.458%+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.087% cheaper against dYdX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.019%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX NEAR-USD4.28590get 0.0000% / 1h21m 31s$111K$62K10x
ShortPhemex NEARUSDT4.28300.0100get 0.0100% / 8h21m 31s$3.8M$8.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$21
Price spread: −0.068% → +0.019%
−$8.71
Slippage, 4 orders
−$311.15
Fee dYdX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$320.86
Costs to cover
3.332%
Break-even
114.0 days
Slippage from dYdX: live order book, 57 min ago; Phemex: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 57 min ago79.83 bp201.0 bp −$201203.7 bp −$2,037203.9 bp −$20.4K214.8 bp −$107.4K
Sell Phemex live order book, 2 min ago8.20 bp25.7 bp −$2649.8 bp −$498doesn't fitdoesn'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%1h4.2882+0.053%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2820−0.092%$2.2M$13.1M50xas long as short
dYdX NEAR-USDlong0.0000%1h4.2859long leg$111K$62K10x
Kalshi KXNEARPERP0.0000%8h4.2799−0.141%$340K$18.7M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2864+0.011%$202K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.382%$578$302K12xas long as short
Bybit NEARUSDT+0.0059%8h4.2880+0.048%$218.8M$422.3M75xas long as short
Variational Omni NEAR+0.0062%8h4.2470−0.908%$7.9M$18.4M—as long as short
01 Exchange NEARUSD+0.0080%1h4.2908+0.113%$13K$7K10xas long as short
Popdex NEARUSDT+0.0096%1h4.2910+0.118%$109K$496K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NEAR-USD-PERP+0.0100%8h4.2889+0.068%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2902+0.100%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2864+0.010%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2896+0.086%$253.6M$1.08B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2900+0.095%$61.0M$287.1M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2900+0.095%$196K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2551−0.720%$242K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2876+0.039%$30.8M$59.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2880+0.048%$78.4M$142.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2940+0.188%$55.8M$43.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2892+0.076%$71.2M$126.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2880+0.048%—$140.0M—as long as short
edgeX NEARUSDC+0.0100%4h4.2658−0.470%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2722−0.321%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2690−0.395%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2933+0.172%$192K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2860+0.002%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2880+0.048%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2831−0.066%$12K$50K10xas long as short
Phemex NEARUSDTshort+0.0100%8h4.2830−0.068%$3.8M$8.6M50x
Extended NEAR-USD+0.0104%1h4.2866+0.015%$3.9M$16.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2835−0.056%$202K$66K3xas long as short
Kraken Futures PF_NEARUSD+0.0118%1h4.2867+0.018%$7.7M$37.5M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.2680−0.418%$13.1M$29.3M75xas long as short
Lighter RH NEAR+0.0328%1h4.2916+0.132%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0314%1h4.2869+0.022%$275K—100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2913+0.126%$418K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0457%1h4.2892+0.076%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2601−0.603%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0688%1h4.2874+0.034%$1.9M$3.4M10xas long as short
Hyperliquid NEAR+0.0732%1h4.2967+0.251%$369.2M$298.6M10xas long as short
HTX NEAR-USDT+0.0805%8h4.2880+0.048%$461K$3.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0870%1h4.2913+0.125%$1.9M$2.5M25xas long as short
Aftermath Perps NEARUSD+0.1149%1h4.2713−0.342%$5K$12K10xas long as short
Lighter NEAR+0.1696%1h4.2961+0.236%$16.5M$23.9M15xas long as short