Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h +0.037%

Price spread now: HTX against Nado+0.301%7-day average +0.256% · 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−$50as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.259%+$26 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.301%, 7d avg +0.256%

Together, before fees+0.294%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.045% dearer against Nado than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of +0.256%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 4 days funding on this pair paid +0.259%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.3060	0.0478	pay 0.0060% / 1h	35m 44s	$1.7M	$3.2M	10x
Short	HTX NEAR-USDT	4.3190	0.0122	get 0.0122% / 8h	35m 44s	$460K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.301%Rate

Funding earned: −$74.86
Price spread: +0.301% → +0.256%: $4.49
Slippage, 4 orders: −$35.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$125.03
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; HTX: 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, 3 min ago	0.58 bp	6.9 bp −$7	17.1 bp −$171	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	6.92 bp	22.9 bp −$23	77.2 bp −$772	doesn't fit	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
Reya NEARRUSDPERP	−0.0171%	1h	4.3087	+0.061%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3057	−0.008%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3114	+0.126%	$161K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3180	+0.278%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.832%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3060	−0.001%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3204	+0.334%	$218.1M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3200	+0.325%	$60.8M	$291.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	+0.231%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3193	+0.308%	$35.2M	$62.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3230	+0.394%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3204	+0.334%	$71.5M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3217	+0.363%	$8.7M	$18.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3177	+0.271%	$250K	$898K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3207	+0.341%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	+0.626%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3085	+0.057%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3207	+0.341%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	+0.348%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3201	+0.327%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3240	+0.417%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3212	+0.353%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3193	+0.308%	$3.6M	$17.2M	25x	as long as short
HTX NEAR-USDTshort	+0.0122%	8h	4.3190	+0.301%	$460K	$3.8M	75x
Aevo NEAR-PERP	+0.0128%	1h	4.3217	+0.365%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0185%	8h	4.3079	+0.044%	$935K	$25.2M	2.2x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.3210	+0.348%	$83.4M	$150.7M	200x	as long as short
Binance NEARUSDT	+0.0193%	8h	4.3230	+0.394%	$262.4M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0195%	8h	4.3202	+0.328%	$2.7M	$4.8M	50x	as long as short
BingX NEAR-USDT	+0.0199%	8h	4.3200	+0.325%	—	$145.1M	—	as long as short
Hyperliquid NEAR	+0.0222%	1h	4.3243	+0.426%	$348.9M	$315.3M	10x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3057	−0.008%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0204%	1h	4.3121	+0.142%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0316%	8h	4.3110	+0.116%	$13.2M	$31.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0390%	1h	4.3262	+0.469%	$1.1M	$7.0M	20x	as long as short
Nado NEAR-PERPlong	+0.0478%	1h	4.3060	long leg	$1.7M	$3.2M	10x
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3137	+0.178%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3262	+0.469%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3220	+0.371%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3262	+0.469%	$17.0M	$25.1M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3224	+0.381%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.752%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3214	+0.356%	$599K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1093%	1h	4.3239	+0.415%	$1.9M	$13.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1248%	1h	4.3207	+0.342%	$5K	$7K	10x	as long as short