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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h +0.038%
Price spread now: 01 Exchange against Phemex+0.138%7-day average · you sell dearer than you buy
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 4 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 for this trade now. Funding pays +$20 a day on $10k at the current rate, and 01 Exchange is 0.138% dearer against Phemex than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.28600.0100pay 0.0100% / 8h2h 27m$3.6M$8.3M50x
Short01 Exchange NEARUSD4.29190.0752get 0.0094% / 1h27m 50s$13K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$136.92
Price spread: +0.138% → 0.000%
$13.77
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$131.69
Costs to cover
0.190%
Break-even
0.3 days
Slippage unknown: Phemex: live order book, 6 min ago; 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 Phemex live order book, 6 min ago6.98 bp20.0 bp −$2043.8 bp −$438doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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%1h4.2837−0.054%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2865+0.012%$105K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2767−0.216%$160K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.383%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2840−0.047%$113K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2937+0.179%$262.5M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2870+0.023%$213.8M$420.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2850−0.023%$60.2M$284.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2997+0.321%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2794−0.154%$32.3M$60.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2880+0.047%$77.0M$144.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2830−0.070%$51.7M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2827−0.077%$70.8M$127.2M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2840−0.047%$143.4Mas long as short
Variational Omni NEAR+0.0100%8h4.2878+0.043%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2962+0.238%$259K$958K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2943+0.194%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2861+0.002%$262K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2851−0.021%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2930+0.163%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2910+0.117%$463K$4.0M75xas long as short
Phemex NEARUSDTlong+0.0100%8h4.2860long leg$3.6M$8.3M50x
Paradex NEAR-USD-PERP+0.0101%8h4.2844−0.037%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2870+0.023%$199K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2920+0.140%$13.2M$31.6M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.2838−0.051%$2.3M$15.8M50xas long as short
ApeX Omni NEARUSDT+0.0263%1h4.2960+0.233%$165K$795K50xas long as short
Kalshi KXNEARPERP+0.0269%8h4.2828−0.075%$865K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0198%1h4.2770−0.210%$231K100xas long as short
Aster NEARUSDT+0.0333%8h4.2877+0.041%$2.8M$5.3M50xas long as short
Nado NEAR-PERP+0.0388%1h4.2853−0.017%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0536%1h4.2798−0.144%$3.6M$19.7M25xas long as short
SoDEX NEAR-USD+0.0561%1h4.2835−0.058%$6K$53K10xas long as short
Backpack NEAR_USDC_PERP+0.0655%1h4.2871+0.026%$1.3M$6.6M20xas long as short
Hyperliquid NEAR+0.0686%1h4.2888+0.066%$350.6M$310.4M10xas long as short
Kraken Futures PF_NEARUSD+0.0739%1h4.2811−0.114%$7.3M$38.8M50xas long as short
01 Exchange NEARUSDshort+0.0752%1h4.2919+0.138%$13K$7K10x
Arcus NEAR-USD+0.0814%1h4.2900+0.093%$215K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2900+0.093%$393K$1.3M10xas long as short
Lighter NEAR+0.0928%1h4.2954+0.218%$16.8M$25.1M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0965%1h4.28600.000%$1.9M$11.0M25xas long as short
Phoenix NEAR+0.1033%1h4.3089+0.534%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1136%1h4.2904+0.103%$1.4M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.2884+0.056%$682K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1368%1h4.2909+0.115%$5K$12K10xas long as short