Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0584%/8h= −64.0% APRpaid last 24h −0.070%

Price spread now: OKX against Nado+0.118%7-day average −0.066% · 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−$14as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 7 days−0.244%−$24 · spread now +0.118%, 7d avg −0.066%

Together, before fees−0.319%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.185% dearer against Nado than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.066%): +$18 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.075% in total) that is about 7.8 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.075% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.2869	0.0684	pay 0.0086% / 1h	20m 23s	$1.9M	$3.4M	10x
Short	OKX NEAR-USDT-SWAP	4.2920	0.0100	get 0.0100% / 8h	20m 23s	$61.0M	$287.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$122.71
Price spread: +0.118% → −0.066%: $18.46
Slippage, 4 orders: −$15.7
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$136.95
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	1.29 bp	5.9 bp −$6	16.7 bp −$167	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.17 bp	7.8 bp −$8	15.9 bp −$159	51.9 bp −$5,185	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	4.2892	+0.053%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2861	−0.019%	$2.3M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2924	+0.127%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2838	−0.073%	$335K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2922	+0.124%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.404%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	0.000%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0057%	8h	4.2884	+0.034%	$218.8M	$422.4M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2926	+0.132%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	+0.048%	$109K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2935	+0.153%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2896	+0.063%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2966	+0.225%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2928	+0.138%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2920	+0.118%	$253.8M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.2920	+0.118%	$61.0M	$287.2M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2910	+0.095%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.743%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2896	+0.062%	$30.8M	$60.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2910	+0.095%	$78.5M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2930	+0.142%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2899	+0.069%	$71.2M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2890	+0.048%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.493%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.344%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	−0.418%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2921	+0.121%	$191K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.165%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−0.045%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2870	+0.002%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2918	+0.113%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2897	+0.065%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2899	+0.070%	$7.7M	$37.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2880	+0.025%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.3003	+0.312%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0356%	1h	4.2903	+0.079%	$1.9M	$2.5M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2923	+0.126%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2911	+0.098%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0457%	1h	4.2941	+0.167%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	−0.626%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERPlong	+0.0684%	1h	4.2869	long leg	$1.9M	$3.4M	10x
Hyperliquid NEAR	+0.0726%	1h	4.2975	+0.247%	$369.2M	$298.7M	10x	as long as short
HTX NEAR-USDT	+0.0801%	8h	4.2930	+0.142%	$462K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1150%	1h	4.2768	−0.235%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.3047	+0.416%	$16.5M	$23.9M	15x	as long as short