Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Orderly−0.080%7-day average +0.003% · you buy dearer than you sell

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

Long on Orderly Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.080%, 7d avg +0.003%

Together, before fees+0.145%+$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: Aevo is 0.083% cheaper against Orderly than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.3715	0.0100	pay 0.0100% / 8h	3h 54m	$56K	$242K	20x
Short	Aevo NEAR-PERP	4.3680	0.0104	get 0.0013% / 1h	54m 02s	$203K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now −0.080%Rate

Funding earned: $0.84
Price spread: −0.080% → +0.003%: −$8.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.47
Costs to cover: 0.220%
Break-even: 252.6 days

Slippage unknown: Orderly: no order-book sample; Aevo: live order book, 65 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo live order book, 65 min ago	58.10 bp	70.9 bp −$71	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3678	−0.084%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3749	+0.078%	$108K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3669	−0.105%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.273%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3741	+0.059%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3740	+0.057%	$108K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3740	+0.057%	$269.1M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3660	−0.126%	$220.3M	$423.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3670	−0.103%	$62.4M	$293.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.128%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3668	−0.108%	$31.9M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3720	+0.011%	$75.2M	$143.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3710	−0.011%	$54.4M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3671	−0.101%	$71.8M	$129.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3680	−0.080%	—	$146.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	−0.178%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3685	−0.068%	$262K	$940K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3610	−0.240%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3700	−0.034%	$168K	$800K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3766	+0.117%	$249K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.3715	long leg	$56K	$242K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3810	+0.217%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3770	+0.126%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3710	−0.011%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3755	+0.092%	$32K	$608	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.3680	−0.080%	$203K	$40K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.3810	+0.217%	$13.8M	$32.4M	75x	as long as short
Kalshi KXNEARPERP	+0.0233%	8h	4.3774	+0.135%	$599K	$22.7M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3797	+0.187%	$416K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0308%	8h	4.3719	+0.008%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3673	−0.096%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0380%	1h	4.3665	−0.114%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0527%	1h	4.3703	−0.027%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0536%	1h	4.3790	+0.172%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3660	−0.125%	$3.9M	$19.7M	25x	as long as short
Hyperliquid NEAR	+0.0624%	1h	4.3728	+0.030%	$360.2M	$317.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3810	+0.217%	$215K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0629%	1h	4.3715	0.000%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0689%	1h	4.3716	+0.002%	$1.9M	$7.9M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3680	−0.080%	$7.8M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3982	+0.611%	$1.8M	$2.8M	10x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3743	+0.064%	$1.6M	$7.2M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3811	+0.220%	$601K	$1.4M	10x	as long as short
Lighter NEAR	+0.1416%	1h	4.3771	+0.128%	$17.7M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1624%	1h	4.3780	+0.148%	$5K	$12K	10x	as long as short