Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Orderly+0.069%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.069%, 7d avg +0.007%
Together, before fees−0.197%−$20 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: Polymarket Perps is 0.063% dearer against Orderly than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NEAR_USDC4.32140.0100pay 0.0100% / 8h39m 47s$58K$235K20x
ShortPolymarket Perps NEAR-USD4.32440.0100get 0.0013% / 1h39m 47s$283K$4.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: +0.069% → +0.007%
$6.26
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$7.74
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Polymarket Perps live order book, 4 min ago1.97 bp7.1 bp −$79.7 bp −$97doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3187−0.063%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3227+0.030%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3209−0.012%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3185−0.067%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.175%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3220+0.014%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3185−0.067%$217.9M$430.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3190−0.056%$60.8M$291.3M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3597+0.886%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3174−0.093%$35.2M$62.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3200−0.032%$52.3M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3174−0.093%$71.5M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.3337+0.284%$8.6M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3186−0.066%$250K$897K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3210−0.009%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3280+0.153%$165K$815K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.3244+0.069%$283K$4.1M10x
Orderly PERP_NEAR_USDClong+0.0100%8h4.3214long leg$58K$235K20x
SunX NEAR-USDT+0.0100%8h4.3290+0.176%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3210−0.009%$5K$53K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3210−0.009%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3310+0.221%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3170−0.101%$3.6M$17.3M25xas long as short
HTX NEAR-USDT+0.0116%8h4.3350+0.315%$464K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3208−0.014%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0192%8h4.3248+0.079%$939K$25.2M2.2xas long as short
Binance NEARUSDT+0.0202%8h4.3200−0.032%$262.3M$1.09B75xas long as short
MEXC NEAR_USDT+0.0203%8h4.3210−0.009%$83.5M$150.4M200xas long as short
BingX NEAR-USDC+0.0205%8h4.3190−0.056%$6.7Mas long as short
Aster NEARUSDT+0.0209%8h4.3202−0.028%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0281%1h4.3224+0.023%$348.9M$315.0M10xas long as short
01 Exchange NEARUSD+0.0296%1h4.3221+0.016%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0203%1h4.3206−0.018%$232K100xas long as short
BloFin NEAR-USDT+0.0324%8h4.3370+0.361%$13.3M$32.0M75xas long as short
Backpack NEAR_USDC_PERP+0.0410%1h4.3227+0.030%$1.2M$7.0M20xas long as short
Nado NEAR-PERP+0.0455%1h4.3213−0.001%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3266+0.120%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0544%1h4.3244+0.069%$1.5M$6.6M10xas long as short
Arcus NEAR-USD+0.0638%1h4.3250+0.083%$225K$1.6M10xas long as short
Lighter NEAR+0.0760%1h4.3247+0.077%$17.1M$25.0M15xas long as short
Pacifica NEAR+0.0949%1h4.3296+0.190%$408K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3384+0.393%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3244+0.069%$618K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1265%1h4.3307+0.216%$5K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1347%1h4.3283+0.160%$1.9M$13.2M25xas long as short