Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.129%

Price spread now: HTX against Polymarket Perps+0.194%7-day average +0.229% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$510.515% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.599%+$60 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now +0.194%, 7d avg +0.229%

Together, before fees+0.801%+$80 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 0.034% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.229%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.3206	0.0100	pay 0.0013% / 1h	2m 00s	$288K	$4.1M	10x
Short	HTX NEAR-USDT	4.3290	0.0100	get 0.0100% / 8h	1h 02m	$457K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → +0.229%: −$3.43
Slippage, 4 orders: −$31.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.93
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago	1.85 bp	6.7 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	8.07 bp	19.5 bp −$19	70.4 bp −$704	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	4.3160	−0.106%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3176	−0.069%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3167	−0.091%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.157%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	+0.009%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3170	−0.083%	$218.2M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3150	−0.130%	$60.7M	$290.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3565	+0.832%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3157	−0.113%	$35.1M	$62.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3190	−0.037%	$52.3M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3166	−0.093%	$71.5M	$128.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.443%	$8.7M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3395	+0.438%	$252K	$906K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3350	+0.332%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.449%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3206	long leg	$288K	$4.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3201	−0.012%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.171%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3180	−0.060%	$5K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3290	+0.194%	$457K	$3.8M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3210	+0.009%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3196	−0.024%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3178	−0.065%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3205	−0.002%	$201K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0201%	8h	4.3170	−0.083%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3200	−0.014%	$75.0M	$151.1M	200x	as long as short
Binance NEARUSDT	+0.0213%	8h	4.3196	−0.023%	$262.8M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0217%	8h	4.3193	−0.030%	$945K	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0257%	8h	4.3170	−0.083%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0200%	1h	4.3163	−0.100%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3200	−0.014%	$13.5M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0395%	1h	4.3209	+0.007%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3234	+0.065%	$2.3M	$16.5M	50x	as long as short
Hyperliquid NEAR	+0.0431%	1h	4.3203	−0.007%	$351.3M	$314.7M	10x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.3233	+0.062%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0543%	1h	4.3197	−0.020%	$1.6M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0676%	1h	4.3154	−0.119%	$7.1M	$38.3M	50x	as long as short
Lighter NEAR	+0.0728%	1h	4.3234	+0.065%	$17.0M	$25.5M	15x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.3247	+0.095%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3250	+0.102%	$228K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0908%	1h	4.3214	+0.019%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3376	+0.393%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3210	+0.009%	$398K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3238	+0.074%	$661K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1309%	1h	4.3411	+0.475%	$5K	$12K	10x	as long as short