Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0635%/8h= −69.6% APRpaid last 24h −0.065%

Price spread now: Aevo against HTX−0.185%7-day average −0.243% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1281.278% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.508%−$51 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.185%, 7d avg −0.243%

Together, before fees−0.614%−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.058% dearer against HTX than usual: you sell high and buy low (spread −0.185% now, against its 7-day average of −0.243%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.508% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.2820	0.0739	pay 0.0739% / 8h	1m 36s	$457K	$3.7M	75x
Short	Aevo NEAR-PERP	4.2741	0.0104	get 0.0013% / 1h	1m 36s	$202K	$66K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.185%Rate

Funding earned: −$133.41
Price spread: −0.185% → −0.243%: $5.81
Slippage, 4 orders: −$99.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$255.43
Costs to cover: 1.278%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Aevo: live order book, 12 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 HTX live order book, 2 min ago	5.82 bp	11.8 bp −$12	34.7 bp −$347	doesn't fit	doesn't fit
Sell Aevo live order book, 12 min ago	42.17 bp	50.2 bp −$50	doesn't fit	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	4.2659	−0.375%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2786	−0.079%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2701	−0.278%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2746	−0.173%	$391K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2744	−0.177%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0032%	8h	4.2749	−0.165%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.293%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0037%	8h	4.2670	−0.350%	$217.1M	$421.8M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2726	−0.220%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	−0.304%	$110K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2754	−0.154%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2694	−0.293%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2723	−0.227%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2711	−0.255%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2691	−0.301%	$253.0M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2670	−0.350%	$60.6M	$285.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	−0.280%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2757	−0.147%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2686	−0.313%	$30.8M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2700	−0.280%	$79.0M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2710	−0.257%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2679	−0.329%	$70.8M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2680	−0.327%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2741	−0.184%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2826	+0.014%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2820	0.000%	$179K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2692	−0.299%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2800	−0.047%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2745	−0.175%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2750	−0.163%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2667	−0.358%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.2741	−0.185%	$202K	$66K	3x
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2769	−0.120%	$7.6M	$37.4M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2780	−0.093%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.2761	−0.138%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2751	−0.161%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2715	−0.245%	$418K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0405%	1h	4.2786	−0.079%	$1.9M	$2.8M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0449%	1h	4.2774	−0.107%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2887	+0.156%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0583%	1h	4.2729	−0.213%	$364.0M	$301.3M	10x	as long as short
Nado NEAR-PERP	+0.0655%	1h	4.2690	−0.304%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDTlong	+0.0739%	8h	4.2820	long leg	$457K	$3.7M	75x
Aftermath Perps NEARUSD	+0.1189%	1h	4.2798	−0.051%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.2830	+0.023%	$16.9M	$24.7M	15x	as long as short