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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.002%
Price spread now: 01 Exchange against Orderly−0.135%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.135% cheaper against Orderly than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NEAR_USDC4.22330.0098pay 0.0098% / 8h7h 34m$56K$193K20x
Short01 Exchange NEARUSD4.2176−0.0032pay 0.0004% / 1h34m 11s$12K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$27.35
Price spread: −0.135% → 0.000%
−$13.5
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$53.84
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell 01 Exchange no order-book sample
Orderly and 01 Exchange: 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%1h4.2209−0.057%$2K20xas long as short
Bybit NEARUSDT−0.0167%8h4.2210−0.054%$213.9M$417.9M75xas long as short
Kraken Futures PF_NEARUSD−0.0133%1h4.2227−0.013%$7.1M$37.5M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.2210−0.054%$2.2M$12.9M50xas long as short
Gate NEAR_USDT−0.0083%8h4.2231−0.005%$30.3M$59.2M75xas long as short
01 Exchange NEARUSDshort−0.0032%1h4.2176−0.135%$12K$7K10x
Variational Omni NEAR−0.0004%8h4.2298+0.155%$7.9M$18.8Mas long as short
dYdX NEAR-USD0.0000%1h4.2093−0.331%$109K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2208−0.059%$418K$18.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2212−0.049%$199K150xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NEAR/USDC PERP+0.0033%1h4.1410−1.949%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2180−0.125%$110K$481K50xas long as short
Orderly PERP_NEAR_USDClong+0.0098%8h4.2233long leg$56K$193K20x
Paradex NEAR-USD-PERP+0.0099%8h4.2120−0.268%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2222−0.026%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2108−0.296%$394K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2230−0.007%$250.3M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2260+0.064%$59.4M$275.9M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2160−0.173%$193K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2709+1.128%$243K−$010xas long as short
MEXC NEAR_USDT+0.0100%8h4.2260+0.064%$75.5M$139.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2250+0.040%$55.3M$43.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2219−0.033%$70.0M$125.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2240+0.017%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2741+1.203%$275K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2750+1.224%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2520+0.680%$178K$788K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2236+0.007%$199K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.2280+0.111%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2220−0.031%$5K$52K10xas long as short
HTX NEAR-USDT+0.0100%8h4.2290+0.135%$453K$3.6M75xas long as short
Extended NEAR-USD+0.0104%1h4.2202−0.073%$3.8M$17.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2220−0.031%$197K$28K3xas long as short
Hyperliquid NEAR+0.0138%1h4.2268+0.083%$354.3M$303.6M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2180−0.125%$13.1M$28.0M75xas long as short
Lighter RH NEAR+0.0336%1h4.2292+0.140%$1.6M$6.9M10xas long as short
Phemex NEARUSDT+0.0337%8h4.2280+0.111%$3.8M$8.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0370% / S −0.0308%1h4.2214−0.046%$269K100xas long as short
Backpack NEAR_USDC_PERP+0.0378%1h4.2298+0.154%$1.4M$5.7M20xas long as short
RISEx NEAR/USDC+0.0428%1h4.2184−0.116%$399K$1.2M10xas long as short
Phoenix NEAR+0.0499%1h4.2415+0.431%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0519%1h4.2205−0.066%$1.8M$3.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0555%1h4.2271+0.090%$1.9M$3.2M25xas long as short
Aftermath Perps NEARUSD+0.1345%1h4.2516+0.670%$5K$12K10xas long as short
Lighter NEAR+0.1912%1h4.2379+0.346%$16.9M$24.1M15xas long as short