Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Orderly−0.093%7-day average −0.005% · you buy dearer than you sell

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

Long on Orderly Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.227%−$23 · spread now −0.093%, 7d avg −0.005%

Together, before fees−0.230%−$23 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 0.088% cheaper against Orderly than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.4091	0.0100	pay 0.0100% / 8h	6h 26m	$59K	$189K	20x
Short	Bulk NEAR-USD	4.4050	0.0100	get 0.0013% / 1h	26m 13s	$251K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.005%: −$8.83
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$21.83
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bulk: live order book, 43 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 Bulk live order book, 43 min ago	11.59 bp	15.1 bp −$15	15.1 bp −$151	25.1 bp −$2,507	44.6 bp −$22.3K

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 44 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	4.3998	−0.211%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4069	−0.050%	$2.2M	$13.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4003	−0.201%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4031	−0.136%	$620K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4003	−0.200%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.081%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−0.212%	$8.6M	$18.6M	—	as long as short
Phemex NEARUSDT	+0.0092%	8h	4.4080	−0.025%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4030	−0.138%	$112K	$481K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4021	−0.158%	$416K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4157	+0.149%	$266.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4128	+0.084%	$223.9M	$418.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4120	+0.066%	$62.4M	$287.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4060	−0.070%	$209K	$1.8M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.4050	−0.093%	$251K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3997	−0.213%	$31.7M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4120	+0.066%	$76.4M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4160	+0.156%	$56.4M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4161	+0.159%	$73.1M	$123.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4170	+0.179%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3854	−0.537%	$271K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3820	−0.615%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	−0.524%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4038	−0.120%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.4091	long leg	$59K	$189K	20x
SunX NEAR-USDT	+0.0100%	8h	4.4070	−0.048%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4080	−0.025%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.247%	$459K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4000	−0.205%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4042	−0.110%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4107	+0.037%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0158%	8h	4.4067	−0.055%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4094	+0.007%	$7.8M	$39.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0262%	1h	4.4001	−0.205%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.4078	−0.029%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.3974	−0.265%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4056	−0.079%	$559K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4243	+0.345%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0726%	1h	4.4100	+0.020%	$1.9M	$4.2M	25x	as long as short
Lighter RH NEAR	+0.0816%	1h	4.4181	+0.204%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0855%	1h	4.4070	−0.048%	$372.3M	$307.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0914%	1h	4.4192	+0.229%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1508%	1h	4.3928	−0.370%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1656%	1h	4.4191	+0.227%	$17.7M	$25.0M	15x	as long as short