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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRnext payment $0.20 per $10,000 · paid last 24h −0.045%
Price spread now: Coinbase International against Popdex+0.071%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$400.403% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.166%−$17 on $10k
Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.071%, 7d avg −0.031%
Together, before fees−0.158%−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.102% dearer against Popdex than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.031%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.35100.0096pay 0.0012% / 1h1m 07s$114K$487K50x
ShortCoinbase International NEAR-PERP-INTX4.3541−0.0064pay 0.0008% / 1h1m 07s$2.2M$14.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Popdex. 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
−$33.6
Price spread: +0.071% → −0.031%
$10.22
Slippage, 4 orders
−$23.93
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$63.71
Costs to cover
0.403%
Break-even
never at this rate
Slippage from Popdex: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 3 min ago2.29 bp8.3 bp −$870.0 bp −$700doesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago4.58 bp10.0 bp −$1016.7 bp −$167doesn't fitdoesn't fit

NEAR on 44 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%1h4.3477−0.076%$2K20xas long as short
Coinbase International NEAR-PERP-INTXshort−0.0064%1h4.3541+0.071%$2.2M$14.2M50x
dYdX NEAR-USD0.0000%1h4.3501−0.020%$107K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3522+0.028%$553K$19.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3520+0.023%$196K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.826%$578$302K12xas long as short
Popdex NEARUSDTlong+0.0096%1h4.3510long leg$114K$487K50x
Pacifica NEAR+0.0100%1h4.3526+0.036%$408K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3500−0.023%$263.8M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3459−0.117%$218.7M$416.8M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3440−0.161%$61.9M$287.4M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3550+0.092%$207K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3555+0.104%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3548+0.087%$31.4M$63.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3560+0.115%$75.8M$145.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3600+0.207%$53.9M$43.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3518+0.018%$71.5M$126.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3530+0.046%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.3517+0.017%$8.4M$18.3Mas long as short
edgeX NEARUSDC+0.0100%4h4.3594+0.193%$269K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3541+0.070%$1.4M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3590+0.184%$196K$775K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3519+0.021%$204K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3539+0.067%$60K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3540+0.069%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3595+0.195%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3640+0.299%$455K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3590+0.184%$3.8M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3483−0.063%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3507−0.007%$3.8M$18.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3545+0.081%$203K$34K3xas long as short
Aster NEARUSDT+0.0177%8h4.3518+0.018%$3.0M$5.6M50xas long as short
Kraken Futures PF_NEARUSD+0.0217%1h4.3607+0.222%$7.7M$40.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0347% / S −0.0242%1h4.3518+0.019%$254K100xas long as short
01 Exchange NEARUSD+0.0408%1h4.3554+0.101%$13K$7K10xas long as short
Nado NEAR-PERP+0.0425%1h4.3474−0.082%$1.9M$3.1M10xas long as short
RISEx NEAR/USDC+0.0509%1h4.3551+0.093%$548K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0554%1h4.3589+0.182%$1.9M$4.3M25xas long as short
Phoenix NEAR+0.0592%1h4.3584+0.170%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0784%1h4.3664+0.354%$1.6M$7.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0803%1h4.3578+0.156%$1.5M$6.3M20xas long as short
Hyperliquid NEAR+0.0860%1h4.3582+0.165%$366.8M$306.1M10xas long as short
Aftermath Perps NEARUSD+0.1664%1h4.3639+0.297%$5K$12K10xas long as short
Lighter NEAR+0.1696%1h4.3651+0.325%$17.4M$25.8M15xas long as short