Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.051%

Price spread now: BloFin against Nado+0.034%7-day average +0.022% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.844%+$84 · spread now +0.034%, 7d avg +0.022%

Together, before fees+0.870%+ Points / potential airdropNado: Active · farm board+$87 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.3595	0.0270	pay 0.0034% / 1h	32m 22s	$1.7M	$3.1M	10x
Short	BloFin NEAR-USDT	4.3610	0.0221	get 0.0221% / 8h	7h 32m	$12.6M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$10.34
Price spread: +0.034% → +0.022%: $1.23
Slippage, 4 orders: −$30.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.92
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Nado: live order book, 7 min ago; BloFin: live order book, 7 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, 7 min ago	0.46 bp	7.7 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	11.45 bp	17.5 bp −$17	24.8 bp −$248	41.5 bp −$4,147	85.7 bp −$42.9K

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	−0.0434%	1h	4.3500	−0.219%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3573	−0.051%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3636	+0.093%	$107K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3601	+0.014%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.012%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.034%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3623	+0.064%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3661	+0.152%	$263.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3660	+0.149%	$219.8M	$427.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3670	+0.172%	$61.5M	$294.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3660	+0.149%	$222K	$1.5M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3612	+0.039%	$36.5M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3610	+0.034%	$90.3M	$157.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3640	+0.103%	$52.4M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3586	−0.021%	$72.0M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3708	+0.259%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3689	+0.217%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3640	+0.104%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.310%	$165K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3595	0.000%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3699	+0.239%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3600	+0.011%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3510	−0.195%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	+0.034%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	+0.260%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3659	+0.146%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3619	+0.054%	$3.6M	$15.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3694	+0.227%	$203K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0112%	8h	4.3640	+0.103%	—	$83.2M	—	as long as short
Kalshi KXNEARPERP	+0.0144%	8h	4.3557	−0.087%	$862K	$25.4M	2.2x	as long as short
BloFin NEAR-USDTshort	+0.0221%	8h	4.3610	+0.034%	$12.6M	$32.3M	75x
Hyperliquid NEAR	+0.0234%	1h	4.3645	+0.115%	$352.7M	$316.3M	10x	as long as short
Nado NEAR-PERPlong	+0.0270%	1h	4.3595	long leg	$1.7M	$3.1M	10x
01 Exchange NEARUSD	+0.0320%	1h	4.3657	+0.142%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0256%	1h	4.3628	+0.076%	$256K	—	100x	as long as short
HTX NEAR-USDT	+0.0387%	8h	4.3660	+0.149%	$461K	$3.7M	75x	as long as short
Lighter NEAR	+0.0440%	1h	4.3702	+0.245%	$17.2M	$23.9M	15x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3715	+0.275%	$1.5M	$6.4M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3631	+0.083%	$2.3M	$17.1M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3660	+0.149%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3644	+0.113%	$590K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0692%	1h	4.3562	−0.076%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3667	+0.166%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3734	+0.319%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1067%	1h	4.3695	+0.229%	$5K	$7K	10x	as long as short