Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.131%

Price spread now: HTX against Extended+0.338%7-day average +0.298% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.591%+$59 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.338%, 7d avg +0.298%

Together, before fees+0.595%+ Points / potential airdropExtended: Active · farm board+$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.040% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.298%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.3114	0.0104	pay 0.0013% / 1h	40m 41s	$3.8M	$17.4M	25x
Short	HTX NEAR-USDT	4.3260	0.0100	get 0.0100% / 8h	6h 40m	$440K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.338%Rate

Funding earned: −$0.84
Price spread: +0.338% → +0.298%: $4
Slippage, 4 orders: −$27.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.77
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; HTX: 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	3.13 bp	6.8 bp −$7	15.2 bp −$152	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	8.08 bp	15.8 bp −$16	202.0 bp −$2,020	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	4.3134	+0.046%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3122	+0.018%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3049	−0.153%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3093	−0.050%	$505K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3125	+0.026%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.953%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.014%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	+0.106%	$115K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3139	+0.057%	$57K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3039	−0.175%	$407K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3050	−0.150%	$257.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2958	−0.363%	$218.3M	$419.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.405%	$60.8M	$278.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3120	+0.013%	$204K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.430%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3096	−0.043%	$30.9M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3140	+0.059%	$75.7M	$137.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3160	+0.106%	$55.5M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3043	−0.166%	$71.3M	$123.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3090	−0.057%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3211	+0.224%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3386	+0.630%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3250	+0.314%	$179K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3162	+0.110%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3190	+0.175%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3125	+0.025%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3260	+0.338%	$440K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3100	−0.033%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3068	−0.107%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0101%	8h	4.3118	+0.009%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.3114	long leg	$3.8M	$17.4M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3130	+0.036%	$201K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3157	+0.099%	$7.9M	$39.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	+0.245%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0278%	1h	4.3121	+0.015%	$259K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.3168	+0.124%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0449%	1h	4.3151	+0.085%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3181	+0.155%	$539K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.971%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0680%	1h	4.3105	−0.022%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0724%	1h	4.3156	+0.096%	$1.9M	$4.1M	25x	as long as short
Hyperliquid NEAR	+0.0762%	1h	4.3130	+0.036%	$362.7M	$305.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0787%	1h	4.3169	+0.127%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1450%	1h	4.3186	+0.166%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1464%	1h	4.3081	−0.078%	$17.2M	$24.7M	15x	as long as short