Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.002%

Price spread now: Aevo against Phemex+0.044%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.044%, 7d avg +0.001%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.043% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.5340	0.0061	pay 0.0061% / 8h	7h 01m	$3.5M	$8.0M	50x
Short	Aevo NEAR-PERP	4.5360	0.0104	get 0.0013% / 1h	1m 02s	$211K	$38K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now +0.044%Rate

Funding earned: $9.09
Price spread: +0.044% → +0.001%: $4.35
Slippage, 4 orders: −$87.04
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$101.6
Costs to cover: 1.150%
Break-even: 85.2 days

Slippage from Phemex: live order book, 3 min ago; Aevo: live order book, 33 min ago.

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 Phemex live order book, 3 min ago	13.16 bp	26.6 bp −$27	62.5 bp −$625	doesn't fit	doesn't fit
Sell Aevo live order book, 33 min ago	10.34 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_NEARUSD	−0.0417%	1h	4.5330	−0.023%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5327	−0.030%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5518	+0.392%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5468	+0.282%	$171K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.668%	$578	$301K	12x	as long as short
Phemex NEARUSDTlong	+0.0061%	8h	4.5340	long leg	$3.5M	$8.0M	50x
Popdex NEARUSDT	+0.0096%	1h	4.5440	+0.221%	$119K	$516K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5320	−0.044%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5322	−0.040%	$275.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5358	+0.040%	$236.4M	$433.8M	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	4.5340	0.000%	$64.5M	$309.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5480	+0.309%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.640%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5290	−0.110%	$38.9M	$64.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5420	+0.176%	$84.1M	$167.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5310	−0.066%	$53.8M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5325	−0.033%	$74.8M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5320	−0.044%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5318	−0.050%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5430	+0.199%	$268K	$900K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5537	+0.434%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5480	+0.309%	$171K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5412	+0.159%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5337	−0.007%	$59K	$265K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5450	+0.243%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5345	+0.011%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5387	+0.105%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.5360	+0.044%	$211K	$38K	3x
Paradex NEAR-USD-PERP	+0.0108%	8h	4.5450	+0.243%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5331	−0.020%	$907K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5440	+0.221%	$12.8M	$33.5M	75x	as long as short
Nado NEAR-PERP	+0.0226%	1h	4.5385	+0.099%	$1.7M	$3.2M	10x	as long as short
HTX NEAR-USDT	+0.0306%	8h	4.5460	+0.265%	$481K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	−0.016%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5448	+0.238%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5417	+0.170%	$2.4M	$17.9M	50x	as long as short
Hyperliquid NEAR	+0.0490%	1h	4.5360	+0.044%	$368.8M	$320.3M	10x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.5408	+0.150%	$1.6M	$6.6M	10x	as long as short
Lighter NEAR	+0.0576%	1h	4.5406	+0.146%	$17.8M	$24.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0653%	1h	4.5343	+0.007%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5686	+0.763%	$649K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5480	+0.309%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5702	+0.798%	$1.7M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0831%	1h	4.5364	+0.053%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1258%	1h	4.5342	+0.005%	$6K	$7K	10x	as long as short