Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.091%

Price spread now: Bitget against Nado−0.024%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.110%−$11 on $10k

Price spread, last 7 days−0.041%−$4 · spread now −0.024%, 7d avg −0.072%

Together, before fees−0.151%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.048% dearer against Nado than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.072%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.4939	0.0217	pay 0.0027% / 1h	11m 28s	$1.7M	$3.2M	10x
Short	Bitget NEARUSDT	4.4928	0.0100	get 0.0100% / 8h	7h 11m	$74.2M	$127.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$24.52
Price spread: −0.024% → −0.072%: $4.76
Slippage, 4 orders: −$15.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.42
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Bitget: live order book, 3 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 Nado live order book, 2 min ago	0.78 bp	6.3 bp −$6	16.0 bp −$160	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.67 bp	8.7 bp −$9	15.5 bp −$155	32.5 bp −$3,253	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
Kraken Futures PF_NEARUSD	−0.0424%	1h	4.4578	−0.804%	$7.3M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4703	−0.526%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4772	−0.371%	$109K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4881	−0.130%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.853%	$578	$301K	12x	as long as short
Phemex NEARUSDT	+0.0091%	8h	4.4670	−0.599%	$3.6M	$7.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4890	−0.109%	$115K	$509K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4870	−0.153%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4896	−0.096%	$271.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4877	−0.138%	$228.7M	$426.5M	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	4.4950	+0.024%	$63.0M	$304.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4940	+0.002%	$234K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4813	−0.280%	$38.2M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4920	−0.042%	$88.1M	$163.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4900	−0.087%	$53.1M	$45.2M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.4928	−0.024%	$74.2M	$127.0M	75x
BingX NEAR-USDT	+0.0100%	8h	4.4890	−0.109%	—	$82.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4848	−0.201%	$9.3M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4718	−0.492%	$259K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4710	−0.510%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4750	−0.421%	$168K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4910	−0.065%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4633	−0.681%	$57K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4700	−0.532%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4605	−0.743%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	−0.338%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4901	−0.084%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4902	−0.082%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4610	−0.732%	$207K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0134%	8h	4.4665	−0.610%	$920K	$25.4M	2.2x	as long as short
Nado NEAR-PERPlong	+0.0217%	1h	4.4939	long leg	$1.7M	$3.2M	10x
BloFin NEAR-USDT	+0.0220%	8h	4.4670	−0.599%	$12.6M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4960	+0.047%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0261%	1h	4.4600	−0.753%	$262K	—	100x	as long as short
Hyperliquid NEAR	+0.0403%	1h	4.4953	+0.031%	$365.3M	$318.7M	10x	as long as short
HTX NEAR-USDT	+0.0480%	8h	4.4750	−0.421%	$470K	$3.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4697	−0.539%	$2.3M	$17.6M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4857	−0.182%	$1.6M	$6.5M	10x	as long as short
Lighter NEAR	+0.0496%	1h	4.4861	−0.174%	$17.6M	$24.1M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0595%	1h	4.4744	−0.434%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4919	−0.045%	$618K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4815	−0.276%	$422K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4790	−0.332%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0781%	1h	4.4647	−0.650%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1113%	1h	4.4645	−0.654%	$6K	$7K	10x	as long as short