Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against OKX+0.123%7-day average +0.043% · 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−$39as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on OKX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.123%, 7d avg +0.043%

Together, before fees+0.154%+$15 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: Bulk is 0.080% dearer against OKX than usual: you sell high and buy low, +$8 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	4.2920	0.0100	pay 0.0100% / 8h	3h 01m	$60.8M	$285.4M	50x
Short	Bulk NEAR-USD	4.2973	0.0100	get 0.0013% / 1h	1m 34s	$245K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.043%: $8.04
Slippage, 4 orders: −$30.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$39.13
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bulk: live order book, 52 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, 3 min ago	1.16 bp	9.9 bp −$10	16.1 bp −$161	38.6 bp −$3,860	doesn't fit
Sell Bulk live order book, 52 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	32.8 bp −$3,279	63.3 bp −$31.7K

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	4.2867	−0.123%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2921	+0.001%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2881	−0.092%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.518%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.2904	−0.037%	$2.3M	$15.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2950	+0.070%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2949	+0.067%	$261.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2919	−0.002%	$212.6M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.2920	long leg	$60.8M	$285.4M	50x
Bulk NEAR-USDshort	+0.0100%	1h	4.2973	+0.123%	$245K	−$0	10x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2923	+0.007%	$31.9M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2950	+0.070%	$72.6M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2950	+0.070%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2935	+0.035%	$71.0M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2940	+0.047%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	+0.157%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2978	+0.136%	$251K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2967	+0.110%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2960	+0.093%	$165K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2891	−0.068%	$267K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2914	−0.014%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2960	+0.093%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2970	+0.116%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2910	−0.023%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2917	−0.006%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2925	+0.012%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2980	+0.140%	$13.4M	$31.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0247%	8h	4.2930	+0.023%	$771K	$23.9M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2952	+0.075%	$396K	$1.3M	10x	as long as short
SoDEX NEAR-USD	+0.0310%	1h	4.2875	−0.105%	$6K	$53K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2883	−0.087%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.2950	+0.070%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.2979	+0.137%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2934	+0.032%	$3.7M	$19.8M	25x	as long as short
Hyperliquid NEAR	+0.0551%	1h	4.2943	+0.054%	$351.3M	$313.4M	10x	as long as short
Nado NEAR-PERP	+0.0562%	1h	4.2935	+0.035%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0563%	1h	4.2903	−0.040%	$1.3M	$6.8M	20x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2990	+0.163%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0719%	1h	4.2871	−0.114%	$7.5M	$38.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0730%	1h	4.2920	0.000%	$1.9M	$10.0M	25x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.2995	+0.175%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3300	+0.885%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3003	+0.194%	$17.3M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2972	+0.121%	$666K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1514%	1h	4.3057	+0.320%	$5K	$12K	10x	as long as short