Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.129%

Price spread now: Bulk against HTX−1.601%7-day average −0.246% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.380%−$38 on $10k

Price spread, last 4 days (all we have)+1.002%+$100 · spread now −1.601%, 7d avg −0.246%

Together, before fees+0.622%+$62 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: Bulk is 1.354% cheaper against HTX than usual: you would sell low and buy high, −$135 on $10k if it goes back to its 7-day average of −0.246%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4360	0.0100	pay 0.0100% / 8h	5h 40m	$458K	$3.9M	75x
Short	Bulk NEAR-USD	4.3650	0.0100	get 0.0013% / 1h	40m 57s	$249K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −1.601%Rate

Funding earned: $0
Price spread: −1.601% → −0.246%: −$135.43
Slippage, 4 orders: −$55.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$209.85
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Bulk: live order book, 23 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, 3 min ago	4.54 bp	29.6 bp −$30	64.2 bp −$642	doesn't fit	doesn't fit
Sell Bulk live order book, 23 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

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	4.4244	−0.261%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4211	−0.336%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4176	−0.414%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4247	−0.255%	$554K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4278	−0.184%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.650%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4250	−0.248%	$116K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4196	−0.371%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4280	−0.180%	$269.4M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4248	−0.252%	$223.3M	$417.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4220	−0.316%	$63.0M	$292.3M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3650	−1.601%	$249K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4223	−0.309%	$31.8M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4220	−0.316%	$75.4M	$140.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4260	−0.225%	$55.5M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4223	−0.309%	$72.7M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4230	−0.293%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4286	−0.166%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4029	−0.745%	$264K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4147	−0.481%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4298	−0.140%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4274	−0.194%	$62K	$192K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4320	−0.090%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4235	−0.282%	$5K	$50K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4360	long leg	$458K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4230	−0.293%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4211	−0.335%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4205	−0.349%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4260	−0.225%	$206K	$34K	3x	as long as short
Aster NEARUSDT	+0.0218%	8h	4.4260	−0.225%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4230	−0.293%	$13.9M	$31.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4273	−0.195%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0369%	1h	4.4229	−0.296%	$1.9M	$3.0M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4270	−0.203%	$211K	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0412%	1h	4.4020	−0.766%	$200K	$779K	50x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.4283	−0.174%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0654%	1h	4.4299	−0.138%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0689%	1h	4.4272	−0.198%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4270	−0.202%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.4291	−0.156%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0803%	1h	4.4294	−0.149%	$372.9M	$305.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3792	−1.280%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4283	−0.174%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1416%	1h	4.4342	−0.041%	$17.7M	$25.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1746%	1h	4.3919	−0.993%	$6K	$12K	10x	as long as short