Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0538%/8h= +58.9% APRpaid last 24h +0.064%

Price spread now: Arcus against OKX+0.162%7-day average +0.063% · 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−$15as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.355%+$35 on $10k

Price spread, last 7 days−0.190%−$19 · spread now +0.162%, 7d avg +0.063%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.099% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.3150	0.0100	pay 0.0100% / 8h	38m 19s	$60.7M	$291.1M	50x
Short	Arcus NEAR-USD	4.3220	0.0638	get 0.0080% / 1h	38m 19s	$225K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.162%Rate

Funding earned: $112.91
Price spread: +0.162% → +0.063%: $9.88
Slippage, 4 orders: −$10.54
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $97.75
Costs to cover: 0.250%
Break-even: 0.9 days

Slippage from OKX: live order book, 6 min ago; Arcus: live order book, 6 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	1.16 bp	6.9 bp −$7	14.0 bp −$140	43.9 bp −$4,385	doesn't fit
Sell Arcus live order book, 6 min ago	2.32 bp	5.7 bp −$6	18.4 bp −$184	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	4.3165	+0.035%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3201	+0.119%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3149	−0.003%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3089	−0.142%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.032%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3180	+0.070%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3143	−0.016%	$217.7M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.3150	long leg	$60.7M	$291.1M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3160	+0.023%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3161	+0.025%	$35.1M	$62.3M	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	4.3180	+0.070%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3151	+0.002%	$71.5M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3337	+0.432%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3338	+0.436%	$251K	$898K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3340	+0.441%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	+0.417%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3190	+0.093%	$282K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3170	+0.046%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3230	+0.185%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3125	−0.058%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3200	+0.116%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3228	+0.180%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3135	−0.036%	$3.6M	$17.3M	25x	as long as short
HTX NEAR-USDT	+0.0118%	8h	4.3280	+0.301%	$463K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3152	+0.005%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0192%	8h	4.3177	+0.063%	$938K	$25.2M	2.2x	as long as short
BingX NEAR-USDT	+0.0198%	8h	4.3160	+0.023%	—	$145.0M	—	as long as short
MEXC NEAR_USDT	+0.0199%	8h	4.3170	+0.046%	$83.1M	$150.5M	200x	as long as short
Binance NEARUSDT	+0.0199%	8h	4.3170	+0.047%	$262.1M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0202%	8h	4.3176	+0.060%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0253%	1h	4.3198	+0.111%	$348.8M	$315.0M	10x	as long as short
01 Exchange NEARUSD	+0.0280%	1h	4.3200	+0.116%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3149	−0.002%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0319%	8h	4.3200	+0.116%	$13.3M	$31.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0393%	1h	4.3222	+0.167%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0470%	1h	4.3173	+0.054%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3272	+0.283%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0536%	1h	4.3271	+0.280%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USDshort	+0.0638%	1h	4.3220	+0.162%	$225K	$1.6M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0654%	1h	4.3196	+0.107%	$1.9M	$13.2M	25x	as long as short
Lighter NEAR	+0.0760%	1h	4.3290	+0.324%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3227	+0.178%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.542%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3210	+0.140%	$605K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1251%	1h	4.3268	+0.274%	$5K	$7K	10x	as long as short