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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%
Price spread now: Popdex against dYdX+0.087%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$3043.041% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.093%+$9 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.087%, 7d avg +0.030%
Together, before fees+0.130%+$13 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 Popdex is 0.057% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX NEAR-USD4.27930get 0.0000% / 1h21m 52s$111K$62K10x
ShortPopdex NEARUSDT4.28300.0096get 0.0012% / 1h21m 52s$109K$497K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
$20.16
Price spread: +0.087% → +0.030%
$5.68
Slippage, 4 orders
−$287.71
Fee dYdX: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$278.27
Costs to cover
3.041%
Break-even
103.6 days
Slippage from dYdX: live order book, 57 min ago; Popdex: live order book, 57 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 Popdex live order book, 57 min ago2.37 bp8.5 bp −$858.3 bp −$583doesn'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%1h4.2819+0.061%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2820+0.063%$2.2M$13.1M50xas long as short
dYdX NEAR-USDlong0.0000%1h4.2793long leg$111K$62K10x
Kalshi KXNEARPERP0.0000%8h4.2799+0.014%$340K$18.7M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2864+0.166%$202K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.232%$578$302K12xas long as short
Bybit NEARUSDT+0.0061%8h4.2795+0.005%$218.5M$422.2M75xas long as short
Variational Omni NEAR+0.0062%8h4.2470−0.754%$7.9M$18.4Mas long as short
01 Exchange NEARUSD+0.0088%1h4.2871+0.183%$13K$7K10xas long as short
Popdex NEARUSDTshort+0.0096%1h4.2830+0.087%$109K$497K50x
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NEAR-USD-PERP+0.0100%8h4.2808+0.036%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2871+0.183%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2801+0.019%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2820+0.063%$253.5M$1.08B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2810+0.040%$60.9M$286.5M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2830+0.087%$196K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2551−0.566%$242K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2818+0.059%$30.7M$59.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2830+0.087%$78.3M$142.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2860+0.157%$55.7M$43.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2816+0.054%$71.0M$126.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2810+0.040%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2470−0.754%$242K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2778−0.034%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2500−0.684%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2860+0.157%$192K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2860+0.157%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2880+0.204%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2831+0.089%$12K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2830+0.087%$3.8M$8.6M50xas long as short
Extended NEAR-USD+0.0104%1h4.2821+0.067%$3.9M$16.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2835+0.100%$202K$66K3xas long as short
Kraken Futures PF_NEARUSD+0.0118%1h4.2867+0.173%$7.7M$37.5M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.2680−0.264%$13.1M$29.3M75xas long as short
Lighter RH NEAR+0.0336%1h4.2883+0.211%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0314%1h4.2869+0.178%$275K100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2867+0.173%$417K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0457%1h4.2892+0.232%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2601−0.448%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0692%1h4.2823+0.070%$1.9M$3.4M10xas long as short
Hyperliquid NEAR+0.0735%1h4.2878+0.199%$368.4M$298.6M10xas long as short
HTX NEAR-USDT+0.0805%8h4.2880+0.204%$461K$3.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0870%1h4.2913+0.281%$1.9M$2.5M25xas long as short
Aftermath Perps NEARUSD+0.1142%1h4.2677−0.270%$5K$12K10xas long as short
Lighter NEAR+0.1696%1h4.2939+0.341%$16.5M$23.9M15xas long as short