Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.089%

Price spread now: 01 Exchange against HTX−0.186%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. 01 Exchange is 0.186% cheaper against HTX than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 52 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.5810	0.0372	pay 0.0372% / 8h	7h 03m	$482K	$3.8M	75x
Short	01 Exchange NEARUSD	4.5725	0.0384	get 0.0048% / 1h	3m 07s	$13K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.186%Rate

Funding earned: $2.5
Price spread: −0.186% → 0.000%: −$18.55
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$35.05
Costs to cover: 0.190%
Break-even: 105.0 days

Slippage unknown: HTX: live order book, 1 min ago; 01 Exchange: 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	8.78 bp	34.5 bp −$35	63.9 bp −$639	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_NEARUSD	−0.0413%	1h	4.5727	−0.180%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5762	−0.104%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0057%	8h	4.5660	−0.327%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5519	−0.635%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5649	−0.351%	$171K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−9.605%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5680	−0.284%	$121K	$512K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5700	−0.240%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5691	−0.260%	$277.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5701	−0.238%	$238.7M	$434.3M	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	4.5680	−0.284%	$65.1M	$311.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5700	−0.240%	$238K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−1.659%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5677	−0.290%	$39.2M	$64.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5710	−0.218%	$86.0M	$167.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5700	−0.240%	$54.2M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5628	−0.397%	$75.6M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5650	−0.349%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5318	−1.075%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5430	−0.829%	$268K	$900K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5537	−0.596%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5480	−0.720%	$171K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5837	+0.059%	$285K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5723	−0.190%	$59K	$242K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5800	−0.022%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5710	−0.218%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5688	−0.266%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5731	−0.173%	$213K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.5537	−0.597%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.5719	−0.199%	$916K	$25.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0211%	1h	4.5780	−0.065%	$1.8M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5690	−0.262%	$12.9M	$33.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.5660	−0.328%	$269K	—	100x	as long as short
HTX NEAR-USDTlong	+0.0372%	8h	4.5810	long leg	$482K	$3.8M	75x
01 Exchange NEARUSDshort	+0.0384%	1h	4.5725	−0.186%	$13K	$5K	10x
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5759	−0.111%	$2.4M	$18.0M	50x	as long as short
Hyperliquid NEAR	+0.0497%	1h	4.5733	−0.168%	$372.1M	$319.7M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.5770	−0.088%	$18.0M	$24.3M	15x	as long as short
Lighter RH NEAR	+0.0592%	1h	4.5749	−0.133%	$1.6M	$6.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0649%	1h	4.5744	−0.144%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5686	−0.271%	$649K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5542	−0.585%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5702	−0.236%	$1.7M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1241%	1h	4.5222	−1.284%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2267%	1h	4.5802	−0.017%	$2.0M	$13.1M	25x	as long as short