Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against OKX+0.094%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now +0.094%, 7d avg +0.043%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.051% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.2670	0.0100	pay 0.0100% / 8h	43m 12s	$60.8M	$284.8M	50x
Short	Aevo NEAR-PERP	4.2710	0.0104	get 0.0013% / 1h	43m 12s	$206K	$62K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now +0.094%Rate

Funding earned: $0.84
Price spread: +0.094% → +0.043%: $5.09
Slippage, 4 orders: −$53.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$73.55
Costs to cover: 0.795%
Break-even: 619.9 days

Slippage from OKX: live order book, 6 min ago; Aevo: live order book, 36 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 OKX live order book, 6 min ago	1.17 bp	7.7 bp −$8	15.7 bp −$157	47.3 bp −$4,732	doesn't fit
Sell Aevo live order book, 36 min ago	21.34 bp	29.9 bp −$30	doesn't fit	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	4.2738	+0.159%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2700	+0.070%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2594	−0.177%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2611	−0.138%	$425K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2733	+0.147%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.953%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0093%	8h	4.2646	−0.056%	$219.1M	$421.7M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2660	−0.023%	$109K	$496K	50x	as long as short
Variational Omni NEAR	+0.0098%	8h	4.2670	−0.001%	$7.8M	$18.0M	—	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2613	−0.134%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2748	+0.183%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2599	−0.165%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2693	+0.054%	$252.9M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.2670	long leg	$60.8M	$284.8M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2640	−0.070%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.773%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2692	+0.052%	$30.1M	$58.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2680	+0.023%	$78.2M	$140.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2710	+0.094%	$55.9M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2688	+0.042%	$70.9M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2680	+0.023%	—	$138.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	+0.078%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2699	+0.069%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.094%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2770	+0.234%	$209K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2726	+0.131%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2760	+0.211%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2690	+0.047%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2700	+0.070%	$3.9M	$8.3M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2693	+0.053%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.2710	+0.094%	$206K	$62K	3x
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2701	+0.072%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0184%	1h	4.2654	−0.037%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2690	+0.047%	$13.1M	$30.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2733	+0.147%	$273K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.2752	+0.192%	$1.5M	$7.0M	10x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2662	−0.018%	$411K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0430%	1h	4.2747	+0.180%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2745	+0.176%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0640%	1h	4.2758	+0.206%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0796%	1h	4.2706	+0.084%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0867%	8h	4.2830	+0.375%	$457K	$3.6M	75x	as long as short
Hyperliquid NEAR	+0.1091%	1h	4.2751	+0.189%	$368.3M	$298.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1193%	1h	4.2830	+0.375%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1832%	1h	4.2794	+0.292%	$16.4M	$23.7M	15x	as long as short