Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%

Price spread now: OKX against HTX−0.161%7-day average −0.281% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.583%−$58 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now −0.161%, 7d avg −0.281%

Together, before fees−0.857%−$86 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: OKX is 0.121% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.281%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3610	0.0100	pay 0.0100% / 8h	2h 11m	$470K	$4.0M	75x
Short	OKX NEAR-USDT-SWAP	4.3540	0.0100	get 0.0100% / 8h	2h 11m	$61.4M	$289.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.281%: $12.05
Slippage, 4 orders: −$30.01
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.95
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; OKX: live order book, 2 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	8.01 bp	17.1 bp −$17	58.9 bp −$589	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.15 bp	8.9 bp −$9	15.0 bp −$150	36.3 bp −$3,632	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	4.3478	−0.302%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3467	−0.328%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3496	−0.261%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.045%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3490	−0.275%	$115K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3531	−0.181%	$217.8M	$420.3M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3540	−0.161%	$61.4M	$289.6M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3500	−0.252%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3493	−0.268%	$33.1M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	−0.183%	$52.5M	$46.0M	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	4.3541	−0.158%	$71.9M	$125.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.303%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3566	−0.100%	$254K	$967K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3591	−0.043%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3509	−0.232%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3535	−0.172%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3600	−0.023%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3610	long leg	$470K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3510	−0.229%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3457	−0.351%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3540	−0.161%	$202K	$37K	3x	as long as short
BingX NEAR-USDT	+0.0116%	8h	4.3520	−0.206%	—	$143.4M	—	as long as short
MEXC NEAR_USDT	+0.0119%	8h	4.3580	−0.069%	$82.8M	$145.9M	200x	as long as short
Binance NEARUSDT	+0.0123%	8h	4.3538	−0.166%	$264.9M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0239%	8h	4.3520	−0.206%	$13.3M	$31.9M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3557	−0.122%	$2.3M	$16.1M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3496	−0.262%	$233K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0314%	8h	4.3502	−0.248%	$994K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3540	−0.161%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0402%	1h	4.3505	−0.240%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0435%	1h	4.3520	−0.206%	$167K	$795K	50x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.3497	−0.259%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USD	+0.0531%	1h	4.3520	−0.206%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0654%	1h	4.3599	−0.025%	$358.1M	$311.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0682%	1h	4.3538	−0.165%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0727%	1h	4.3503	−0.246%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0728%	1h	4.3542	−0.156%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3550	−0.138%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3492	−0.271%	$398K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0854%	1h	4.3544	−0.151%	$1.9M	$11.7M	25x	as long as short
Lighter NEAR	+0.0912%	1h	4.3581	−0.067%	$17.1M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3660	+0.115%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3581	−0.066%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3529	−0.187%	$689K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1317%	1h	4.3456	−0.354%	$5K	$12K	10x	as long as short