Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.156%

Price spread now: dYdX against HTX−0.286%7-day average −0.251% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1511.505% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.774%−$77 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now −0.286%, 7d avg −0.251%

Together, before fees−0.996%−$100 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.035% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.251%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3700	0.0100	pay 0.0100% / 8h	2h 13m	$471K	$4.0M	75x
Short	dYdX NEAR-USD	4.3575	0	get 0.0000% / 1h	13m 13s	$107K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.286%Rate

Funding earned: −$21
Price spread: −0.286% → −0.251%: −$3.51
Slippage, 4 orders: −$128.54
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$175.06
Costs to cover: 1.505%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; dYdX: live order book, 36 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, 1 min ago	8.01 bp	17.1 bp −$17	58.9 bp −$589	doesn't fit	doesn't fit
Sell dYdX live order book, 36 min ago	43.23 bp	65.8 bp −$66	147.0 bp −$1,470	161.2 bp −$16.1K	360.4 bp −$180.2K

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	4.3530	−0.388%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3575	−0.286%	$107K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3490	−0.480%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.240%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3600	−0.229%	$115K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3511	−0.432%	$217.9M	$420.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3540	−0.366%	$61.4M	$289.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.487%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3530	−0.389%	$33.1M	$60.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	−0.343%	$52.5M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3500	−0.458%	$71.8M	$126.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.508%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3566	−0.306%	$254K	$967K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3591	−0.248%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3617	−0.190%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3542	−0.362%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	−0.069%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3700	long leg	$471K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3510	−0.435%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3547	−0.350%	$31K	$608	10x	as long as short
BingX NEAR-USDC	+0.0105%	8h	4.3530	−0.389%	—	$6.6M	—	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3550	−0.343%	$202K	$37K	3x	as long as short
MEXC NEAR_USDT	+0.0115%	8h	4.3550	−0.343%	$82.1M	$145.6M	200x	as long as short
Binance NEARUSDT	+0.0119%	8h	4.3553	−0.336%	$265.2M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0239%	8h	4.3520	−0.412%	$13.3M	$31.9M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3556	−0.330%	$2.3M	$16.2M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3488	−0.486%	$233K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.3577	−0.281%	$994K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3540	−0.366%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0394%	1h	4.3540	−0.367%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0435%	1h	4.3520	−0.412%	$167K	$795K	50x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.3498	−0.462%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USD	+0.0543%	1h	4.3505	−0.446%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0658%	1h	4.3566	−0.307%	$357.8M	$311.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0690%	1h	4.3649	−0.117%	$1.3M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0693%	1h	4.3535	−0.378%	$1.9M	$11.7M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0727%	1h	4.3492	−0.476%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3659	−0.094%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3610	−0.206%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3596	−0.238%	$399K	$1.3M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.3585	−0.264%	$17.1M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3660	−0.092%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3588	−0.256%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3602	−0.224%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1317%	1h	4.3417	−0.648%	$5K	$12K	10x	as long as short