Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0987%/8h= −108.1% APRpaid last 24h −0.020%

Price spread now: Injective against HTX−1.004%7-day average +0.810% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.500%−$50 on $10k

Price spread, last 3 days (all we have)+3.168%+$317 · spread now −1.004%, 7d avg +0.810%

Together, before fees+2.668%+$267 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Injective is 1.815% cheaper against HTX than usual: you would sell low and buy high (−$181 if the spread goes back to its 7-day average of +0.810%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.500% in total (about -26.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.1830	0.0985	pay 0.0985% / 8h	1h 33m	$448K	$3.6M	75x
Short	Injective NEAR/USDC PERP	4.1410	−0.0002	pay 0.0000% / 1h	33m 05s	$578	$302K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.004%Rate

Funding earned: −$207.3
Price spread: −1.004% → +0.810%: −$181.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$400.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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	7.16 bp	16.6 bp −$17	35.1 bp −$351	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.1712	−0.283%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1794	−0.086%	$2.1M	$12.7M	50x	as long as short
Injective NEAR/USDC PERPshort	−0.0002%	1h	4.1410	−1.004%	$578	$302K	12x
dYdX NEAR-USD	0.0000%	1h	4.1804	−0.063%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1810	−0.048%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1754	−0.181%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1741	−0.212%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.1834	+0.010%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1767	−0.151%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1780	−0.120%	$111K	$483K	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	4.1748	−0.196%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1813	−0.040%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1779	−0.121%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1836	+0.013%	$362K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1752	−0.187%	$238.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1740	−0.215%	$212.8M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1720	−0.263%	$57.4M	$276.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1830	0.000%	$311K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.789%	$236K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1737	−0.222%	$29.9M	$57.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1740	−0.215%	$82.0M	$141.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1770	−0.143%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1728	−0.244%	$69.2M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1720	−0.263%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1530	−0.717%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1767	−0.151%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1831	+0.002%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1790	−0.096%	$175K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1755	−0.179%	$206K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1870	+0.096%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1716	−0.273%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1740	−0.215%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1730	−0.239%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1735	−0.227%	$201K	$62K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0133%	1h	4.1777	−0.127%	$1.8M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1740	−0.215%	$12.2M	$33.2M	75x	as long as short
Lighter NEAR	+0.0280%	1h	4.1796	−0.081%	$15.9M	$23.2M	15x	as long as short
Hyperliquid NEAR	+0.0299%	1h	4.1796	−0.081%	$352.6M	$298.6M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1840	+0.023%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1744	−0.207%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0439%	1h	4.1774	−0.134%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0530%	1h	4.1717	−0.269%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	−0.619%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0825%	1h	4.1688	−0.340%	$5K	$11K	10x	as long as short
HTX NEAR-USDTlong	+0.0985%	8h	4.1830	long leg	$448K	$3.6M	75x