Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against Phemex−0.139%7-day average +0.234% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.636%+$64 on $10k

Price spread, last 4 days (all we have)+0.409%+$41 · spread now −0.139%, 7d avg +0.234%

Together, before fees+1.045%+$104 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.373% cheaper against Phemex than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.234%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.3190	0.0100	pay 0.0100% / 8h	3h 44m	$3.7M	$8.3M	50x
Short	HTX NEAR-USDT	4.3130	0.0100	get 0.0100% / 8h	3h 44m	$458K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → +0.234%: −$37.29
Slippage, 4 orders: −$73.21
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$134.5
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago	5.73 bp	35.0 bp −$35	53.8 bp −$538	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	10.30 bp	18.4 bp −$18	58.0 bp −$580	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
Reya NEARRUSDPERP	−0.0171%	1h	4.3095	−0.219%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3049	−0.326%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3129	−0.142%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.121%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3101	−0.206%	$2.2M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3080	−0.255%	$106K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3203	+0.031%	$265.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3150	−0.093%	$215.5M	$427.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3160	−0.069%	$61.4M	$290.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+1.346%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3176	−0.032%	$31.6M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3180	−0.023%	$71.9M	$144.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	−0.023%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3142	−0.111%	$70.8M	$129.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3180	−0.023%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.480%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.588%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3580	+0.903%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	+0.556%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3115	−0.174%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3206	+0.037%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	+0.185%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3130	−0.139%	$458K	$4.0M	75x
Phemex NEARUSDTlong	+0.0100%	8h	4.3190	long leg	$3.7M	$8.3M	50x
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3040	−0.347%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3226	+0.083%	$201K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0131%	8h	4.3220	+0.069%	$640K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.162%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3106	−0.194%	$409K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3202	+0.028%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3111	−0.182%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0404%	1h	4.3204	+0.032%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0477%	1h	4.3204	+0.032%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3116	−0.171%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0570%	1h	4.3202	+0.028%	$354.8M	$319.8M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3150	−0.093%	$211K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0656%	1h	4.3141	−0.112%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3212	+0.051%	$7.6M	$39.8M	50x	as long as short
Nado NEAR-PERP	+0.0775%	1h	4.3097	−0.215%	$1.8M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3265	+0.174%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3717	+1.220%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3130	−0.138%	$623K	$1.4M	10x	as long as short
Lighter NEAR	+0.1176%	1h	4.3264	+0.172%	$17.4M	$24.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1585%	1h	4.3477	+0.665%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2368%	1h	4.3281	+0.211%	$1.9M	$8.7M	25x	as long as short