Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.024%

Price spread now: Bybit against Extended+0.025%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.025%, 7d avg +0.033%

Together, before fees−0.110%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.3319	0.0104	pay 0.0013% / 1h	41m 12s	$3.6M	$17.3M	25x
Short	Bybit NEARUSDT	4.3330	0.0100	get 0.0100% / 8h	41m 12s	$218.6M	$430.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.84
Price spread: +0.025% → +0.033%: −$0.84
Slippage, 4 orders: −$8.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.46
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bybit: live order book, 3 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 Extended live order book, 3 min ago	1.16 bp	5.3 bp −$5	13.3 bp −$133	632.1 bp −$63.2K	doesn't fit
Sell Bybit live order book, 3 min ago	1.16 bp	7.7 bp −$8	12.0 bp −$120	29.5 bp −$2,946	118.5 bp −$59.2K

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	4.3318	−0.002%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3281	−0.088%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3329	+0.023%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3309	−0.023%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.408%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3350	+0.071%	$110K	$496K	50x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3330	+0.025%	$218.6M	$430.1M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3320	+0.002%	$61.0M	$292.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3597	+0.640%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3332	+0.029%	$35.3M	$62.2M	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	4.3350	+0.071%	$52.5M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3343	+0.055%	$71.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3267	−0.122%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3186	−0.309%	$250K	$897K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3210	−0.252%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.091%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3360	+0.094%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3354	+0.080%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3360	+0.094%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3340	+0.048%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3350	+0.071%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3280	−0.090%	$31K	$585	10x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.3319	long leg	$3.6M	$17.3M	25x
HTX NEAR-USDT	+0.0114%	8h	4.3510	+0.440%	$466K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3329	+0.022%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0193%	8h	4.3342	+0.052%	$939K	$25.2M	2.2x	as long as short
Binance NEARUSDT	+0.0204%	8h	4.3350	+0.071%	$263.2M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0205%	8h	4.3330	+0.025%	—	$145.0M	—	as long as short
MEXC NEAR_USDT	+0.0206%	8h	4.3350	+0.071%	$83.4M	$150.0M	200x	as long as short
Aster NEARUSDT	+0.0212%	8h	4.3343	+0.054%	$2.7M	$4.8M	50x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.3333	+0.032%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3327	+0.017%	$233K	—	100x	as long as short
Hyperliquid NEAR	+0.0317%	1h	4.3379	+0.137%	$350.3M	$317.1M	10x	as long as short
BloFin NEAR-USDT	+0.0324%	8h	4.3370	+0.117%	$13.3M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0428%	1h	4.3389	+0.161%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.3321	+0.005%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3345	+0.059%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.3394	+0.172%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3330	+0.025%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0760%	1h	4.3400	+0.187%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3325	+0.014%	$408K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.149%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3338	+0.043%	$618K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1273%	1h	4.3347	+0.063%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1712%	1h	4.3418	+0.228%	$1.9M	$13.2M	25x	as long as short