Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.047%

Price spread now: 01 Exchange against OKX−0.197%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.197% cheaper against OKX than usual: you would sell low and buy high (spread −0.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 3.0 days of funding at the current rate (+$7 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.3630	0.0100	pay 0.0100% / 8h	7h 32m	$61.5M	$294.5M	50x
Short	01 Exchange NEARUSD	4.3544	0.0320	get 0.0040% / 1h	32m 50s	$13K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.197%Rate

Funding earned: $46.2
Price spread: −0.197% → 0.000%: −$19.71
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $9.49
Costs to cover: 0.170%
Break-even: 5.6 days

Slippage unknown: OKX: live order book, 1 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 1 min ago	1.15 bp	9.2 bp −$9	17.5 bp −$175	49.9 bp −$4,986	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_NEARUSD	−0.0434%	1h	4.3500	−0.299%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3603	−0.061%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3636	+0.013%	$107K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3601	−0.066%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.088%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	−0.206%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3648	+0.040%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3660	+0.069%	$263.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3643	+0.030%	$219.7M	$427.4M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.3630	long leg	$61.5M	$294.5M	50x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3540	−0.206%	$221K	$1.5M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3631	+0.002%	$36.5M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3650	+0.046%	$90.4M	$157.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3660	+0.069%	$52.5M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3643	+0.030%	$72.1M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3708	+0.178%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3689	+0.136%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3640	+0.024%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.229%	$165K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3535	−0.218%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3544	−0.197%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3600	−0.069%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3510	−0.275%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	−0.046%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	+0.180%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3570	−0.138%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3624	−0.015%	$3.6M	$15.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3524	−0.242%	$202K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0112%	8h	4.3640	+0.023%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0144%	8h	4.3557	−0.167%	$862K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0221%	8h	4.3610	−0.046%	$12.6M	$32.3M	75x	as long as short
Hyperliquid NEAR	+0.0237%	1h	4.3708	+0.179%	$353.2M	$316.3M	10x	as long as short
Nado NEAR-PERP	+0.0280%	1h	4.3518	−0.257%	$1.6M	$3.1M	10x	as long as short
01 Exchange NEARUSDshort	+0.0320%	1h	4.3544	−0.197%	$13K	$7K	10x
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0256%	1h	4.3520	−0.253%	$256K	—	100x	as long as short
HTX NEAR-USDT	+0.0387%	8h	4.3660	+0.069%	$461K	$3.7M	75x	as long as short
Lighter NEAR	+0.0440%	1h	4.3702	+0.164%	$17.2M	$23.9M	15x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3715	+0.195%	$1.5M	$6.4M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3631	+0.002%	$2.3M	$17.1M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3660	+0.069%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3523	−0.245%	$590K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0692%	1h	4.3562	−0.156%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3589	−0.094%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3734	+0.238%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1072%	1h	4.3715	+0.194%	$5K	$7K	10x	as long as short