Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Orderly−0.062%50s7-day average −0.050% · you buy dearer than you sell

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.062%, 7d avg −0.050%

Together, before fees−0.024%−$2 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	4.3557	0.0100	pay 0.0100% / 8h	20m 34s	$58K	$235K	20x
Short	OKX NEAR-USDT-SWAP	4.3530	0.0100	get 0.0100% / 8h	20m 34s	$61.1M	$294.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.050%: −$1.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.18
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.15 bp	9.0 bp −$9	14.8 bp −$148	36.5 bp −$3,653	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	4.3503	−0.124%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3523	−0.079%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3521	−0.082%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3507	−0.115%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.929%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3520	−0.085%	$114K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3501	−0.129%	$219.7M	$428.9M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3530	−0.062%	$61.1M	$294.6M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3196	−0.829%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3493	−0.147%	$35.5M	$62.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	−0.016%	$52.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3487	−0.161%	$72.0M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.091%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3412	−0.333%	$252K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3235	−0.739%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	−0.292%	$166K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3531	−0.060%	$279K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.3557	long leg	$58K	$235K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3600	+0.099%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3530	−0.062%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3520	−0.085%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3493	−0.147%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3479	−0.179%	$3.6M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3558	+0.002%	$203K	$38K	3x	as long as short
HTX NEAR-USDT	+0.0145%	8h	4.3650	+0.214%	$465K	$3.8M	75x	as long as short
Aster NEARUSDT	+0.0154%	8h	4.3512	−0.103%	$2.7M	$4.9M	50x	as long as short
Hyperliquid NEAR	+0.0165%	1h	4.3569	+0.028%	$351.1M	$315.5M	10x	as long as short
Binance NEARUSDT	+0.0174%	8h	4.3520	−0.085%	$263.6M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0176%	8h	4.3530	−0.062%	$88.2M	$152.6M	200x	as long as short
Kalshi KXNEARPERP	+0.0177%	8h	4.3466	−0.209%	$967K	$25.0M	2.2x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.3500	−0.131%	—	$6.7M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3528	−0.067%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0296%	8h	4.3520	−0.085%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0207%	1h	4.3525	−0.073%	$235K	—	100x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.3525	−0.073%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0444%	1h	4.3585	+0.064%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3528	−0.067%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.3592	+0.080%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0584%	1h	4.3596	+0.089%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3520	−0.085%	$229K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0922%	1h	4.3571	+0.032%	$1.9M	$13.2M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3548	−0.021%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3607	+0.115%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3510	−0.109%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1165%	1h	4.3352	−0.471%	$5K	$7K	10x	as long as short