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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h +0.038%
Price spread now: SoDEX against dYdX+0.565%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and SoDEX is 0.565% dearer against dYdX than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX NEAR-USD4.46330get 0.0000% / 1h50m 09s$110K$68K10x
ShortSoDEX NEAR-USD4.48850.0306get 0.0038% / 1h50m 09s$5K$52K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$64.31
Price spread: +0.565% → 0.000%
$56.49
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$102.8
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: dYdX: live order book, 59 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 59 min ago43.23 bp48.3 bp −$4875.6 bp −$756124.6 bp −$12.5K192.7 bp −$96.4K
Sell SoDEX no order-book sample
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.4850+0.486%$2K20xas long as short
dYdX NEAR-USDlong0.0000%1h4.4633long leg$110K$68K10x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4838+0.459%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.221%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4880+0.554%$115K$495K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4845+0.475%$230.0M$427.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4820+0.419%$63.1M$299.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4366−0.598%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4871+0.534%$34.9M$59.9M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4870+0.531%$53.9M$45.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4872+0.536%$74.2M$126.4M75xas long as short
Variational Omni NEAR+0.0100%8h4.4568−0.146%$8.9M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4503−0.290%$260K$964K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4883+0.560%$281K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4878+0.549%$59K$233K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4920+0.643%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4870+0.531%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4890+0.576%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0104%8h4.4645+0.026%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0120%8h4.4474−0.355%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0120%1h4.4870+0.531%$209K$40K3xas long as short
ApeX Omni NEARUSDT+0.0132%1h4.4470−0.365%$168K$803K50xas long as short
BingX NEAR-USDT+0.0165%8h4.4900+0.599%$143.9Mas long as short
MEXC NEAR_USDT+0.0169%8h4.4910+0.621%$85.6M$144.4M200xas long as short
Binance NEARUSDT+0.0170%8h4.4900+0.599%$272.6M$1.09B75xas long as short
BloFin NEAR-USDT+0.0290%8h4.4590−0.096%$13.6M$32.9M75xas long as short
Kalshi KXNEARPERP+0.0302%8h4.4806+0.388%$1.1M$24.9M2.2xas long as short
SoDEX NEAR-USDshort+0.0306%1h4.4885+0.565%$5K$52K10x
GMX NEAR/USD [ETH-USDC]L +0.0316% / S −0.0201%1h4.4837+0.457%$239K100xas long as short
Aster NEARUSDT+0.0342%8h4.4882+0.558%$2.9M$5.0M50xas long as short
Extended NEAR-USD+0.0376%1h4.4838+0.460%$3.7M$19.0M25xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4949+0.708%$2.3M$16.6M50xas long as short
01 Exchange NEARUSD+0.0520%1h4.4759+0.283%$13K$7K10xas long as short
Nado NEAR-PERP+0.0533%1h4.4465−0.376%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0610%1h4.4923+0.650%$1.3M$6.5M20xas long as short
Kraken Futures PF_NEARUSD+0.0650%1h4.4880+0.555%$7.4M$38.7M50xas long as short
Hyperliquid NEAR+0.0748%1h4.4921+0.646%$369.6M$307.2M10xas long as short
Arcus NEAR-USD+0.0880%1h4.4730+0.218%$227K$1.6M10xas long as short
Lighter NEAR+0.0920%1h4.4918+0.639%$17.6M$24.6M15xas long as short
Phoenix NEAR+0.1003%1h4.4489−0.322%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1056%1h4.4940+0.688%$1.5M$6.6M10xas long as short
Pacifica NEAR+0.1187%1h4.4649+0.035%$410K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1191%1h4.4447−0.416%$6K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1222%1h4.4898+0.594%$2.0M$12.2M25xas long as short
RISEx NEAR/USDC+0.1259%1h4.4713+0.179%$682K$1.4M10xas long as short