Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Polymarket Perps−0.006%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.006%, 7d avg −0.018%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4346	0.0100	pay 0.0013% / 1h	46m 19s	$240K	$4.0M	10x
Short	Binance NEARUSDT	4.4343	0.0100	get 0.0100% / 8h	4h 46m	$271.9M	$1.11B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.018%: $1.14
Slippage, 4 orders: −$13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.87
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Binance: live order book, 13 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 Polymarket Perps live order book, 3 min ago	2.36 bp	8.6 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.11 bp	8.8 bp −$9	13.5 bp −$135	36.0 bp −$3,597	117.5 bp −$58.7K

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	4.4288	−0.130%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4342	−0.009%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4397	+0.115%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4544	+0.446%	$618K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4319	−0.061%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.621%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4400	+0.122%	$117K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4473	+0.286%	$425K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4343	−0.006%	$271.9M	$1.11B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4360	+0.032%	$222.3M	$424.5M	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	4.4370	+0.054%	$63.3M	$301.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+1.700%	$257K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4315	−0.070%	$32.0M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4360	+0.032%	$75.3M	$147.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4390	+0.099%	$55.1M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4400	+0.122%	$73.0M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4310	−0.081%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4797	+1.017%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4567	+0.499%	$267K	$978K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4624	+0.627%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4510	+0.370%	$171K	$793K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4346	long leg	$240K	$4.0M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4412	+0.149%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4410	+0.144%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4360	+0.032%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+0.392%	$463K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4470	+0.280%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4376	+0.067%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4429	+0.188%	$207K	$40K	3x	as long as short
Backpack NEAR_USDC_PERP	+0.0200%	1h	4.4487	+0.318%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0202%	1h	4.4338	−0.018%	$366.6M	$326.4M	10x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4374	+0.063%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4460	+0.257%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.4389	+0.097%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0297%	8h	4.4410	+0.143%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0216%	1h	4.4312	−0.076%	$248K	—	100x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.4445	+0.223%	$1.5M	$7.1M	10x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4276	−0.159%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4600	+0.573%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0586%	1h	4.4356	+0.022%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0664%	1h	4.4558	+0.477%	$17.9M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4822	+1.073%	$1.9M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4422	+0.171%	$561K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1012%	1h	4.4444	+0.221%	$2.0M	$6.7M	25x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.4661	+0.709%	$6K	$12K	10x	as long as short