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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.083%
Price spread now: Extended against Nado−0.057%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$220.225% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.091%−$9 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.057%, 7d avg −0.093%
Together, before fees−0.072%+ Points / potential airdropNado: Active · Extended: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.037% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 3 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado NEAR-PERP4.29630.0356pay 0.0045% / 1h34m 18s$1.7M$3.2M10x
ShortExtended NEAR-USD4.29380.0536get 0.0067% / 1h34m 18s$3.7M$19.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$37.7
Price spread: −0.057% → −0.093%
$3.66
Slippage, 4 orders
−$10.49
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$18.88
Costs to cover
0.225%
Break-even
3.5 days
Slippage from Nado: live order book, 5 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 5 min ago0.70 bp6.1 bp −$616.7 bp −$167doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.58 bp5.3 bp −$514.0 bp −$140doesn't fitdoesn't fit

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
Reya NEARRUSDPERP−0.0171%1h4.2968+0.013%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2971+0.019%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2996+0.078%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.614%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3000+0.087%$113K$500K50xas long as short
Binance NEARUSDT+0.0100%8h4.3020+0.133%$262.9M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3000+0.087%$213.9M$420.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3020+0.133%$60.5M$285.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2850−0.262%$244K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2975+0.029%$32.3M$59.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.3010+0.110%$74.8M$143.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3020+0.133%$51.9M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3013+0.117%$71.1M$127.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3010+0.110%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2998+0.083%$8.2M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2986+0.055%$251K$949K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2990+0.063%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3017+0.126%$263K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3042+0.184%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3190+0.529%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3200+0.552%$464K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3120+0.366%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.2959−0.008%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3055+0.215%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3140+0.413%$13.3M$31.8M75xas long as short
Kalshi KXNEARPERP+0.0250%8h4.3101+0.322%$858K$24.5M2.2xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3140+0.413%$2.3M$15.9M50xas long as short
ApeX Omni NEARUSDT+0.0281%1h4.2980+0.040%$165K$794K50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0198%1h4.2964+0.004%$232K100xas long as short
Aster NEARUSDT+0.0338%8h4.3016+0.124%$2.8M$5.3M50xas long as short
Nado NEAR-PERPlong+0.0356%1h4.2963long leg$1.7M$3.2M10x
Extended NEAR-USDshort+0.0536%1h4.2938−0.057%$3.7M$19.8M25x
SoDEX NEAR-USD+0.0604%1h4.3105+0.331%$6K$53K10xas long as short
Backpack NEAR_USDC_PERP+0.0660%1h4.3120+0.366%$1.3M$6.7M20xas long as short
Hyperliquid NEAR+0.0705%1h4.3021+0.136%$351.5M$310.0M10xas long as short
Kraken Futures PF_NEARUSD+0.0734%1h4.3110+0.343%$7.5M$38.7M50xas long as short
01 Exchange NEARUSD+0.0752%1h4.3067+0.243%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3020+0.133%$216K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2988+0.058%$394K$1.3M10xas long as short
Lighter NEAR+0.0928%1h4.3043+0.187%$16.8M$25.1M15xas long as short
Phoenix NEAR+0.1033%1h4.3144+0.422%$1.8M$2.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1099%1h4.3047+0.196%$2.0M$11.0M25xas long as short
Lighter RH NEAR+0.1104%1h4.3042+0.184%$1.5M$7.3M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3008+0.105%$691K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1377%1h4.2943−0.047%$5K$12K10xas long as short