Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h −0.039%

Price spread now: Nado against HTX−0.367%7-day average −0.254% · 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−$86as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.278%−$28 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now −0.367%, 7d avg −0.254%

Together, before fees−0.616%+ Points / potential airdropNado: Active · farm board−$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.113% cheaper against HTX than usual: you would sell low and buy high (spread −0.367% now, against its 7-day average of −0.254%). If the spread goes back, that is −$11 on $10k: about 16 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 3 days funding on this pair cost −0.278%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3580	0.0100	pay 0.0100% / 8h	3h 50m	$454K	$4.0M	75x
Short	Nado NEAR-PERP	4.3420	0.0680	get 0.0085% / 1h	50m 22s	$1.9M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.367%Rate

Funding earned: $121.86
Price spread: −0.367% → −0.254%: −$11.32
Slippage, 4 orders: −$55.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $35.7
Costs to cover: 0.748%
Break-even: 4.9 days

Slippage from HTX: live order book, 4 min ago; Nado: live order book, 4 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, 4 min ago	9.16 bp	29.7 bp −$30	57.6 bp −$576	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	1.96 bp	8.9 bp −$9	19.0 bp −$190	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	4.3418	−0.371%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3462	−0.271%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3372	−0.477%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.979%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3452	−0.294%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3400	−0.413%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3469	−0.255%	$267.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3385	−0.447%	$218.6M	$424.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3390	−0.436%	$62.0M	$291.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.439%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3421	−0.365%	$31.8M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3470	−0.252%	$73.8M	$143.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3450	−0.298%	$54.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3405	−0.402%	$71.2M	$129.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3390	−0.436%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	−0.190%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3582	+0.005%	$255K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3520	−0.138%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3560	−0.046%	$167K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3445	−0.310%	$246K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3450	−0.298%	$56K	$245K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	−0.161%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3580	long leg	$454K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3470	−0.252%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3445	−0.309%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3409	−0.393%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0114%	8h	4.3522	−0.133%	$574K	$22.7M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3540	−0.092%	$13.7M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3543	−0.085%	$414K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0308%	8h	4.3470	−0.252%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3390	−0.435%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0378%	1h	4.3445	−0.310%	$8K	$52K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3453	−0.291%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0541%	1h	4.3525	−0.126%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0600%	1h	4.3485	−0.218%	$358.0M	$318.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3450	−0.298%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0648%	1h	4.3388	−0.440%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERPshort	+0.0680%	1h	4.3420	−0.367%	$1.9M	$3.1M	10x
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3459	−0.277%	$7.7M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3587	+0.016%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.085%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1087%	1h	4.3446	−0.307%	$1.9M	$8.2M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3433	−0.338%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.3642	+0.142%	$17.6M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1635%	1h	4.3635	+0.126%	$5K	$12K	10x	as long as short