Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Orderly−0.002%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.4249	0.0100	pay 0.0100% / 8h	4h 17m	$57K	$227K	20x
Short	SoDEX NEAR-USD	4.4248	0.0164	get 0.0020% / 1h	17m 03s	$8K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $13.34
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$0.89
Costs to cover: 0.140%
Break-even: 7.5 days

Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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	4.4159	−0.204%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4266	+0.038%	$2.3M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4220	−0.066%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4262	+0.029%	$599K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4218	−0.070%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.416%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4160	−0.201%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4254	+0.012%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4273	+0.055%	$272.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4200	−0.111%	$222.4M	$424.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4200	−0.111%	$63.0M	$300.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.341%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4226	−0.052%	$32.2M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4250	+0.002%	$75.0M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	+0.047%	$54.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4214	−0.079%	$72.7M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4210	−0.088%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.434%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4247	−0.004%	$265K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4281	+0.072%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−0.156%	$170K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4191	−0.131%	$246K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.4249	long leg	$57K	$227K	20x
SunX NEAR-USDT	+0.0100%	8h	4.4360	+0.251%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4300	+0.115%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4260	+0.025%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4228	−0.048%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	+0.093%	$206K	$40K	3x	as long as short
SoDEX NEAR-USDshort	+0.0164%	1h	4.4248	−0.002%	$8K	$52K	10x
BloFin NEAR-USDT	+0.0220%	8h	4.4290	+0.093%	$13.8M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0310%	8h	4.4261	+0.027%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4215	−0.077%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0324%	1h	4.4263	+0.032%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4227	−0.050%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0349%	1h	4.4278	+0.066%	$365.2M	$324.7M	10x	as long as short
Extended NEAR-USD	+0.0400%	1h	4.4196	−0.120%	$4.0M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0543%	1h	4.4175	−0.168%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4240	−0.020%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4266	+0.039%	$8.2M	$39.5M	50x	as long as short
Lighter RH NEAR	+0.0648%	1h	4.4304	+0.124%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.090%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0903%	1h	4.4274	+0.056%	$2.0M	$7.3M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4219	−0.069%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4337	+0.198%	$17.9M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1566%	1h	4.4216	−0.075%	$5K	$12K	10x	as long as short