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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0414%/8h= −45.4% APRnext payment $0.52 per $10,000 · paid last 24h −0.168%
Price spread now: 01 Exchange against Phoenix−0.056%7-day average · you buy dearer than you sell
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 3 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 against this trade now: funding costs −$12 a day on $10k at the current rate, and 01 Exchange is 0.056% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NEAR4.12330.0582pay 0.0073% / 1h8m 59s$1.7M$2.8M10x
Short01 Exchange NEARUSD4.12100.0168get 0.0021% / 1h8m 59s$12K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Phoenix. 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
−$86.98
Price spread: −0.056% → 0.000%
−$5.58
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$106.56
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Phoenix: live order book, 5 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 Phoenix live order book, 5 min ago0.97 bp12.3 bp −$1251.3 bp −$513doesn'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%1h4.1195−0.093%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1221−0.029%$2.1M$12.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.1189−0.107%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1130−0.250%$396K$18.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1246+0.031%$204K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410+0.429%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.1190−0.104%$107K$490K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.1261+0.068%$53K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1186−0.113%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1329+0.232%$2.9M$5.8M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.1188−0.109%$347K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1357+0.300%$235.6M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1323+0.218%$210.4M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1350+0.284%$56.3M$275.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1150−0.201%$234K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1310+0.187%$29.3M$58.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1340+0.260%$80.4M$144.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1360+0.308%$55.9M$44.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1342+0.264%$68.7M$127.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1340+0.260%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1114−0.289%$7.6M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.1110−0.299%$234K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1103−0.315%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1130−0.250%$181K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1220−0.032%$199K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1240+0.017%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1260+0.065%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1310+0.187%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1332+0.239%$3.7M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1264+0.075%$200K$61K3xas long as short
Arcus NEAR-USD+0.0118%1h4.1220−0.032%$307K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0150%1h4.1294+0.148%$7.3M$36.9M50xas long as short
01 Exchange NEARUSDshort+0.0168%1h4.1210−0.056%$12K$7K10x
Deribit NEAR_USDC-PERPETUAL+0.0186%1h4.1302+0.167%$1.8M$2.1M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.1270+0.090%$12.3M$33.6M75xas long as short
Lighter RH NEAR+0.0256%1h4.1321+0.213%$1.4M$7.2M10xas long as short
Nado NEAR-PERP+0.0366%1h4.1166−0.162%$1.8M$3.6M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0372% / S −0.0317%1h4.1233−0.001%$272K100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1217−0.039%$411K$1.2M10xas long as short
Phoenix NEARlong+0.0582%1h4.1233long leg$1.7M$2.8M10x
Backpack NEAR_USDC_PERP+0.0740%1h4.1365+0.320%$1.4M$5.7M20xas long as short
Lighter NEAR+0.0760%1h4.1333+0.243%$15.2M$23.0M15xas long as short
Hyperliquid NEAR+0.0874%1h4.1366+0.323%$347.2M$298.8M10xas long as short
Aftermath Perps NEARUSD+0.0929%1h4.1231−0.006%$5K$11K10xas long as short
HTX NEAR-USDT+0.1073%8h4.1330+0.235%$444K$3.7M75xas long as short