Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h +0.129%

Price spread now: HTX against edgeX+0.540%7-day average +0.238% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.570%+$57 on $10k

Price spread, last 4 days (all we have)−0.465%−$46 · spread now +0.540%, 7d avg +0.238%

Together, before fees+0.105%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.302% dearer against edgeX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.238%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3595	0.0100	pay 0.0050% / 4h	17m 20s	$253K	$901K	20x
Short	HTX NEAR-USDT	4.3830	0.0151	get 0.0151% / 8h	17m 20s	$467K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.540%Rate

Funding earned: $10.61
Price spread: +0.540% → +0.238%: $30.18
Slippage, 4 orders: −$45.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.66
Costs to cover: 0.664%
Break-even: 23.9 days

Slippage from edgeX: live order book, 11 min ago; HTX: live order book, 2 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 edgeX live order book, 11 min ago	8.05 bp	13.7 bp −$14	56.3 bp −$563	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	6.85 bp	16.2 bp −$16	64.8 bp −$648	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	4.3658	+0.145%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3682	+0.201%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3663	+0.157%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0016%	1h	4.3683	+0.202%	$7.2M	$38.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.011%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3680	+0.196%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3680	+0.196%	$220.5M	$428.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3690	+0.219%	$61.3M	$295.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	+0.013%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3670	+0.173%	$35.7M	$62.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3690	+0.219%	$52.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3681	+0.198%	$72.2M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.177%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3595	long leg	$253K	$901K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3600	+0.012%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3590	−0.011%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3705	+0.253%	$277K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3718	+0.283%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3750	+0.356%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3700	+0.242%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3690	+0.219%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3710	+0.264%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3684	+0.204%	$3.6M	$16.8M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3719	+0.284%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0147%	8h	4.3700	+0.242%	$2.7M	$4.9M	50x	as long as short
HTX NEAR-USDTshort	+0.0151%	8h	4.3830	+0.540%	$467K	$3.8M	75x
Hyperliquid NEAR	+0.0151%	1h	4.3704	+0.250%	$352.3M	$315.9M	10x	as long as short
Binance NEARUSDT	+0.0169%	8h	4.3729	+0.308%	$264.5M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0171%	8h	4.3690	+0.219%	$89.1M	$152.9M	200x	as long as short
Kalshi KXNEARPERP	+0.0178%	8h	4.3719	+0.285%	$969K	$25.0M	2.2x	as long as short
BingX NEAR-USDT	+0.0178%	8h	4.3680	+0.196%	—	$144.1M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3706	+0.255%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0289%	8h	4.3690	+0.219%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0207%	1h	4.3689	+0.215%	$236K	—	100x	as long as short
Nado NEAR-PERP	+0.0381%	1h	4.3690	+0.219%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0461%	1h	4.3702	+0.246%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3742	+0.338%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.3759	+0.377%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0544%	1h	4.3755	+0.367%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3700	+0.242%	$230K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0872%	1h	4.3735	+0.322%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3711	+0.266%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3607	+0.028%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3706	+0.255%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1124%	1h	4.3519	−0.173%	$5K	$7K	10x	as long as short