Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.088%

Price spread now: Nado against OKX+0.100%7-day average +0.064% · 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−$26as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.113%+$11 on $10k

Price spread, last 7 days−0.134%−$13 · spread now +0.100%, 7d avg +0.064%

Together, before fees−0.021%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.036% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.4940	0.0100	pay 0.0100% / 8h	5h 52m	$64.2M	$299.1M	50x
Short	Nado NEAR-PERP	4.4985	0.0197	get 0.0025% / 1h	52m 16s	$1.7M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.100%Rate

Funding earned: $20.4
Price spread: +0.100% → +0.064%: $3.6
Slippage, 4 orders: −$13.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$6.03
Costs to cover: 0.300%
Break-even: 9.1 days

Slippage from OKX: live order book, 5 min ago; Nado: live order book, 5 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, 5 min ago	1.11 bp	8.7 bp −$9	17.6 bp −$176	49.3 bp −$4,928	doesn't fit
Sell Nado live order book, 5 min ago	0.33 bp	6.4 bp −$6	15.2 bp −$152	doesn't fit	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.4938	−0.004%	$7.4M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4959	+0.042%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4905	−0.078%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4914	−0.058%	$845K	$26.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4768	−0.383%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.855%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4950	+0.022%	$124K	$505K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4951	+0.023%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4980	+0.089%	$273.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4949	+0.020%	$232.2M	$427.9M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4940	long leg	$64.2M	$299.1M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4950	+0.022%	$268K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4953	+0.029%	$39.9M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4970	+0.067%	$76.1M	$167.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4960	+0.045%	$53.4M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4943	+0.007%	$74.5M	$126.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4960	+0.045%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4874	−0.148%	$8.9M	$16.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4966	+0.058%	$266K	$867K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4729	−0.470%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4640	−0.668%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4995	+0.122%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4971	+0.069%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5040	+0.223%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4830	−0.245%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5020	+0.178%	$467K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4980	+0.089%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4939	−0.002%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4945	+0.011%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4950	+0.022%	$209K	$38K	3x	as long as short
Lighter NEAR	+0.0176%	1h	4.5001	+0.135%	$17.6M	$23.3M	15x	as long as short
Nado NEAR-PERPshort	+0.0197%	1h	4.4985	+0.100%	$1.7M	$3.1M	10x
BloFin NEAR-USDT	+0.0220%	8h	4.4850	−0.200%	$12.9M	$32.5M	75x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.4949	+0.020%	$13K	$4K	10x	as long as short
Hyperliquid NEAR	+0.0281%	1h	4.5003	+0.140%	$362.6M	$314.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4925	−0.033%	$263K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5020	+0.178%	$227K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0440%	1h	4.5008	+0.151%	$1.6M	$5.8M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4992	+0.116%	$635K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5001	+0.136%	$2.3M	$17.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0601%	1h	4.4832	−0.240%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5045	+0.234%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4880	−0.133%	$422K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.5007	+0.149%	$1.9M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1149%	1h	4.4890	−0.111%	$6K	$6K	10x	as long as short