Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.034%
Price spread now: Extended against Injective+5.077%100s7-day average −0.552% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−7.103%−$710 · spread now +5.077%, 7d avg −0.552%
Together, before fees−7.114%+ Points / potential airdropExtended: Active · farm board−$711 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 5.628% dearer against Injective than usual: you sell high and buy low: +$563 more if the spread goes back to its 7-day average of −0.552%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.14100.0033pay 0.0004% / 1h55m 42s$578$301K12x
ShortExtended NEAR-USD4.35120.0104get 0.0013% / 1h55m 42s$3.6M$16.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$14.84
Price spread: +5.077% → −0.552%
$562.81
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$572.63
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Extended: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Extended live order book, 3 min ago2.74 bp6.4 bp −$615.4 bp −$154doesn't fitdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0433%1h4.3576+5.231%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3560+5.192%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3543+5.152%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3589+5.262%$163K150xas long as short
Injective NEAR/USDC PERPlong+0.0033%1h4.1410long leg$578$301K12x
Popdex NEARUSDT+0.0096%1h4.3550+5.168%$115K$500K50xas long as short
Aster NEARUSDT+0.0100%8h4.3546+5.158%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3549+5.165%$219.7M$429.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3560+5.192%$61.4M$295.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3570+5.216%$228K$1.5M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk NEAR-USD+0.0100%1h4.3688+5.501%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3531+5.122%$36.0M$61.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3540+5.144%$52.7M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3521+5.098%$71.9M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3578+5.235%$8.9M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.3729+5.600%$253K$892K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3710+5.554%$167K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3607+5.305%$272K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3630+5.361%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3650+5.409%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3585+5.252%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3570+5.216%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3535+5.131%$31K$58510xas long as short
Extended NEAR-USDshort+0.0104%1h4.3512+5.077%$3.6M$16.2M25x
Aevo NEAR-PERP+0.0112%1h4.3599+5.285%$203K$40K3xas long as short
Binance NEARUSDT+0.0133%8h4.3535+5.131%$262.7M$1.09B75xas long as short
MEXC NEAR_USDT+0.0136%8h4.3540+5.144%$90.0M$152.7M200xas long as short
BingX NEAR-USDT+0.0144%8h4.3540+5.144%$83.0Mas long as short
Kalshi KXNEARPERP+0.0161%8h4.3603+5.296%$911K$25.1M2.2xas long as short
GRVT NEAR_USDT_Perp+0.0250%8h4.3771+5.702%$1.4M$1.6M10xas long as short
BloFin NEAR-USDT+0.0258%8h4.3640+5.385%$13.2M$32.2M75xas long as short
Hyperliquid NEAR+0.0296%1h4.3572+5.221%$351.4M$317.3M10xas long as short
01 Exchange NEARUSD+0.0312%1h4.3583+5.248%$13K$7K10xas long as short
Nado NEAR-PERP+0.0317%1h4.3575+5.228%$1.7M$3.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0344% / S −0.0245%1h4.3584+5.249%$254K100xas long as short
HTX NEAR-USDT+0.0355%8h4.3690+5.506%$462K$3.8M75xas long as short
Lighter RH NEAR+0.0376%1h4.3592+5.269%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3594+5.274%$2.3M$17.0M50xas long as short
Backpack NEAR_USDC_PERP+0.0555%1h4.3574+5.226%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3560+5.192%$592K$1.5M10xas long as short
Lighter NEAR+0.0664%1h4.3601+5.290%$17.2M$23.8M15xas long as short
Pacifica NEAR+0.0701%1h4.3535+5.131%$410K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0759%1h4.3632+5.366%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.0949%1h4.3666+5.448%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1091%1h4.3641+5.388%$5K$7K10xas long as short