Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1048%/8h= +114.8% APRpaid last 24h +0.139%

Price spread now: Deribit against Paradex−0.300%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Deribit is 0.300% cheaper against Paradex than usual: you would sell low and buy high (spread −0.300% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 23 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.5230	0.0101	pay 0.0101% / 8h	4h 47m	$33K	$389	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.5094	0.1149	get 0.0144% / 1h	47m 33s	$2.0M	$13.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.300%Rate

Funding earned: $220.15
Price spread: −0.300% → 0.000%: −$29.97
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $179.18
Costs to cover: 0.110%
Break-even: 1.3 days

Slippage unknown: Paradex: no order-book sample; Deribit: 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 5 min ago	2.45 bp	6.2 bp −$6	13.0 bp −$130	doesn't fit	doesn't fit

Paradex: 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 exchanges

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
Kraken Futures PF_NEARUSD	−0.0379%	1h	4.5049	−0.399%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4929	−0.665%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5162	−0.150%	$111K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5010	−0.485%	$924K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5031	−0.439%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.445%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5240	+0.023%	$125K	$511K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5253	+0.052%	$2.7M	$5.0M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5250	+0.045%	$273.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5214	−0.034%	$232.1M	$429.6M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5240	+0.023%	$64.3M	$303.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−0.839%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5221	−0.019%	$41.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5230	+0.001%	$75.7M	$169.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5170	−0.132%	$54.4M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5225	−0.010%	$75.2M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5240	+0.023%	—	$74.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4723	−1.120%	$8.7M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4858	−0.821%	$266K	$865K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4840	−0.861%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4840	−0.861%	$168K	$810K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4998	−0.512%	$190K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5040	−0.419%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5070	−0.353%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5050	−0.397%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5110	−0.264%	$466K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5070	−0.353%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERPlong	+0.0101%	8h	4.5230	long leg	$33K	$389	10x
Extended NEAR-USD	+0.0104%	1h	4.5225	−0.011%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5011	−0.484%	$209K	$38K	3x	as long as short
Lighter RH NEAR	+0.0144%	1h	4.5248	+0.041%	$1.6M	$5.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.5001	−0.504%	$242K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4830	−0.883%	$12.8M	$32.4M	75x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.5281	+0.114%	$13K	$4K	10x	as long as short
Hyperliquid NEAR	+0.0242%	1h	4.5182	−0.106%	$363.1M	$312.7M	10x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5280	+0.112%	$228K	$1.4M	10x	as long as short
Lighter NEAR	+0.0264%	1h	4.5262	+0.071%	$17.1M	$24.7M	15x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.4950	−0.618%	$1.8M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5262	+0.072%	$647K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.4885	−0.762%	$2.3M	$17.6M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5198	−0.069%	$425K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0733%	1h	4.5001	−0.505%	$1.7M	$2.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0738%	1h	4.5157	−0.160%	$1.1M	$7.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.0910%	1h	4.4898	−0.733%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1149%	1h	4.5094	−0.300%	$2.0M	$13.0M	25x