Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.001%

Price spread now: Extended against Orderly−0.061%7-day average −0.051% · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.385%−$39 · spread now −0.061%, 7d avg −0.051%

Together, before fees−0.341%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.1653	0.0099	pay 0.0099% / 8h	1h 29m	$53K	$158K	20x
Short	Extended NEAR-USD	4.1628	0.0104	get 0.0013% / 1h	29m 18s	$3.8M	$14.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0.97
Price spread: −0.061% → −0.051%: −$0.99
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.02
Costs to cover: 0.110%
Break-even: 86.1 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	4.19 bp	7.6 bp −$8	12.6 bp −$126	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	4.1631	−0.053%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1657	+0.010%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.583%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1683	+0.073%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1669	+0.038%	$429K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1662	+0.023%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1682	+0.069%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1710	+0.137%	$1.5M	$6.9M	10x	as long as short
01 Exchange NEARUSD	+0.0096%	1h	4.1707	+0.130%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1680	+0.065%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDClong	+0.0099%	8h	4.1653	long leg	$53K	$158K	20x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1676	+0.056%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1684	+0.075%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1696	+0.104%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1656	+0.007%	$238.6M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1631	−0.053%	$212.4M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1630	−0.055%	$57.5M	$275.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1680	+0.065%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1666	+0.031%	$29.8M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1660	+0.017%	$81.9M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1680	+0.065%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1645	−0.019%	$68.9M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1650	−0.007%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	−0.008%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1758	+0.253%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1588	−0.156%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1730	+0.185%	$174K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1689	+0.086%	$204K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1730	+0.185%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1650	−0.007%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1660	+0.017%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.127%	$237K	$2K	10x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.1628	−0.061%	$3.8M	$14.7M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.1648	−0.011%	$201K	$62K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0182%	1h	4.1684	+0.074%	$1.8M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1650	−0.007%	$12.3M	$31.6M	75x	as long as short
Hyperliquid NEAR	+0.0338%	1h	4.1719	+0.157%	$352.3M	$298.9M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1701	+0.115%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1656	+0.007%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0433%	1h	4.1698	+0.108%	$1.2M	$5.7M	20x	as long as short
Lighter NEAR	+0.0512%	1h	4.1751	+0.234%	$15.9M	$23.3M	15x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1800	+0.353%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0545%	1h	4.1660	+0.017%	$1.8M	$3.5M	10x	as long as short
Aftermath Perps NEARUSD	+0.0859%	1h	4.1720	+0.160%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0972%	8h	4.1770	+0.281%	$447K	$3.6M	75x	as long as short