Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.121%

Price spread now: SoDEX against HTX−0.275%7-day average — · you buy dearer than you sell

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

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.275% cheaper against HTX than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3650	0.0145	pay 0.0145% / 8h	20m 20s	$465K	$3.8M	75x
Short	SoDEX NEAR-USD	4.3530	0.0100	get 0.0013% / 1h	20m 20s	$5K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.275%Rate

Funding earned: −$9.52
Price spread: −0.275% → 0.000%: −$27.49
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$57.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 4 min ago; SoDEX: 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, 4 min ago	12.62 bp	22.6 bp −$23	46.3 bp −$463	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	4.3508	−0.325%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3523	−0.292%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3521	−0.295%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3507	−0.328%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.132%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3520	−0.298%	$114K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3520	−0.298%	$219.8M	$428.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3530	−0.275%	$61.1M	$294.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3196	−1.040%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3518	−0.302%	$35.5M	$62.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	−0.275%	$52.7M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3531	−0.273%	$72.1M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.304%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3412	−0.545%	$252K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3235	−0.950%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	−0.504%	$166K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3538	−0.257%	$278K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3550	−0.229%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3600	−0.115%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USDshort	+0.0100%	1h	4.3530	−0.275%	$5K	$50K	10x
Phemex NEARUSDT	+0.0100%	8h	4.3520	−0.298%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3493	−0.360%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3479	−0.391%	$3.6M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3570	−0.183%	$203K	$38K	3x	as long as short
HTX NEAR-USDTlong	+0.0145%	8h	4.3650	long leg	$465K	$3.8M	75x
Aster NEARUSDT	+0.0154%	8h	4.3534	−0.265%	$2.7M	$4.9M	50x	as long as short
Hyperliquid NEAR	+0.0163%	1h	4.3538	−0.257%	$350.9M	$315.5M	10x	as long as short
Binance NEARUSDT	+0.0174%	8h	4.3540	−0.252%	$263.7M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0176%	8h	4.3540	−0.252%	$88.3M	$152.6M	200x	as long as short
Kalshi KXNEARPERP	+0.0177%	8h	4.3466	−0.422%	$967K	$25.0M	2.2x	as long as short
BingX NEAR-USDC	+0.0184%	8h	4.3530	−0.275%	—	$6.7M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3528	−0.279%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0296%	8h	4.3520	−0.298%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0207%	1h	4.3525	−0.285%	$235K	—	100x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.3525	−0.286%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0444%	1h	4.3585	−0.149%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3528	−0.279%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.3592	−0.133%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0584%	1h	4.3596	−0.124%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3520	−0.298%	$229K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0922%	1h	4.3571	−0.181%	$1.9M	$13.2M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3548	−0.234%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3607	−0.099%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3510	−0.322%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1148%	1h	4.3385	−0.607%	$5K	$7K	10x	as long as short