Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Paradex+0.185%48s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Polymarket Perps

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.185% dearer against Paradex than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.1168	0.0100	pay 0.0100% / 8h	2h 06m	$30K	$647	10x
Short	Polymarket Perps NEAR-USD	4.1244	0.0100	get 0.0013% / 1h	6m 38s	$201K	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → 0.000%: $18.48
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $6.48
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	1.93 bp	8.5 bp −$9	13.3 bp −$133	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 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	4.1207	+0.095%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1380	+0.515%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1169	+0.002%	$103K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1279	+0.270%	$397K	$18.4M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1229	+0.148%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1205	+0.089%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.588%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1210	+0.102%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1217	+0.119%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERPlong	+0.0100%	8h	4.1168	long leg	$30K	$647	10x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1224	+0.136%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1193	+0.062%	$347K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1210	+0.102%	$234.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1210	+0.102%	$209.7M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1210	+0.102%	$56.2M	$274.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.044%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1178	+0.024%	$29.3M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1180	+0.029%	$80.3M	$145.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1200	+0.078%	$55.6M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1164	−0.010%	$68.4M	$126.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1170	+0.005%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.131%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1204	+0.088%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1290	+0.297%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1210	+0.102%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.1244	+0.185%	$201K	$3.1M	10x
SunX NEAR-USDT	+0.0100%	8h	4.1270	+0.248%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1196	+0.068%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1210	+0.102%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1168	0.000%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1200	+0.078%	$200K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1200	+0.078%	$306K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1224	+0.137%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.1229	+0.148%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1230	+0.151%	$12.2M	$33.5M	75x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1226	+0.141%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.1213	+0.111%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1199	+0.076%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1229	+0.147%	$410K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1365	+0.479%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0738%	1h	4.1244	+0.185%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0744%	1h	4.1235	+0.164%	$15.2M	$23.1M	15x	as long as short
Hyperliquid NEAR	+0.0856%	1h	4.1230	+0.151%	$346.1M	$298.9M	10x	as long as short
Aftermath Perps NEARUSD	+0.0935%	1h	4.1270	+0.249%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1069%	8h	4.1320	+0.369%	$444K	$3.7M	75x	as long as short