Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Extended against OKX−0.017%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.017%, 7d avg −0.030%

Together, before fees+0.027%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.1680	0.0100	pay 0.0100% / 8h	1h 26m	$57.6M	$275.7M	50x
Short	Extended NEAR-USD	4.1673	0.0104	get 0.0013% / 1h	26m 20s	$3.8M	$14.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0.84
Price spread: −0.017% → −0.030%: $1.31
Slippage, 4 orders: −$12.4
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.25
Costs to cover: 0.274%
Break-even: 217.4 days

Slippage from OKX: live order book, 3 min ago; Extended: 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 OKX live order book, 3 min ago	1.20 bp	8.2 bp −$8	11.6 bp −$116	27.3 bp −$2,728	doesn't fit
Sell Extended live order book, 3 min ago	0.12 bp	5.6 bp −$6	12.3 bp −$123	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	4.1686	+0.014%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1674	−0.014%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.648%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1673	−0.017%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1719	+0.094%	$430K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1705	+0.060%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1778	+0.235%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1778	+0.235%	$1.5M	$7.0M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1700	+0.048%	$111K	$483K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1692	+0.029%	$30K	$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	4.1742	+0.148%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1717	+0.089%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1702	+0.053%	$238.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1681	+0.002%	$212.6M	$422.8M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.1680	long leg	$57.6M	$275.7M	50x
Arcus NEAR-USD	+0.0100%	1h	4.1700	+0.048%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1706	+0.062%	$29.9M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1710	+0.072%	$82.7M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1730	+0.120%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1686	+0.014%	$69.0M	$125.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1690	+0.024%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	−0.072%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1652	−0.066%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1653	−0.064%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1670	−0.024%	$174K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1722	+0.101%	$205K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1704	+0.058%	$53K	$158K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1740	+0.144%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1750	+0.168%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1740	+0.144%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.192%	$237K	$2K	10x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.1673	−0.017%	$3.8M	$14.7M	25x
01 Exchange NEARUSD	+0.0104%	1h	4.1729	+0.118%	$12K	$7K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1755	+0.180%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1790	+0.264%	$12.3M	$31.7M	75x	as long as short
Hyperliquid NEAR	+0.0356%	1h	4.1756	+0.182%	$352.5M	$299.0M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1721	+0.098%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1711	+0.074%	$281K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0421%	1h	4.1776	+0.230%	$1.8M	$2.2M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.1778	+0.235%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0542%	1h	4.1680	+0.001%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1861	+0.434%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0624%	1h	4.1802	+0.293%	$16.0M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0906%	1h	4.1779	+0.238%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0966%	8h	4.1810	+0.312%	$447K	$3.6M	75x	as long as short