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: Polymarket Perps against HTX−0.204%7-day average −0.232% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.599%−$60 on $10k

Price spread, last 4 days (all we have)−1.061%−$106 · spread now −0.204%, 7d avg −0.232%

Together, before fees−1.660%−$166 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: Polymarket Perps is 0.028% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.232%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4540	0.0100	pay 0.0100% / 8h	5h 35m	$460K	$3.9M	75x
Short	Polymarket Perps NEAR-USD	4.4449	0.0100	get 0.0013% / 1h	35m 13s	$237K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → −0.232%: $2.77
Slippage, 4 orders: −$36.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$53.82
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Polymarket Perps: 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	11.37 bp	22.2 bp −$22	65.8 bp −$658	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	3.08 bp	7.1 bp −$7	10.8 bp −$108	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	4.4379	−0.362%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4381	−0.357%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4367	−0.389%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4395	−0.326%	$660K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4451	−0.200%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.027%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4390	−0.337%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4382	−0.355%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4508	−0.071%	$269.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4480	−0.135%	$224.1M	$418.4M	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	4.4420	−0.269%	$63.4M	$294.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.268%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4441	−0.222%	$32.0M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4480	−0.135%	$76.4M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4510	−0.067%	$56.1M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4434	−0.238%	$73.2M	$126.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4450	−0.202%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.547%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3985	−1.246%	$264K	$987K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4104	−0.979%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4449	−0.204%	$237K	$3.6M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4478	−0.139%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4460	−0.180%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4470	−0.157%	$5K	$50K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4540	long leg	$460K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4480	−0.135%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4383	−0.352%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4460	−0.181%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4505	−0.079%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.3960	−1.302%	$200K	$779K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.045%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0228%	8h	4.4459	−0.181%	$3.0M	$5.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4421	−0.267%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.4401	−0.311%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4453	−0.195%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4430	−0.247%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.4518	−0.049%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4482	−0.131%	$8.3M	$41.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0739%	1h	4.4525	−0.034%	$2.0M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0818%	1h	4.4516	−0.054%	$375.3M	$304.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4543	+0.007%	$1.7M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.891%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4426	−0.255%	$562K	$1.3M	10x	as long as short
Lighter NEAR	+0.1424%	1h	4.4569	+0.066%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1718%	1h	4.4092	−1.005%	$6K	$12K	10x	as long as short