Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h −0.009%

Price spread now: Binance against SoDEX+0.012%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.3215	0.0100	pay 0.0013% / 1h	2m 38s	$5K	$53K	10x
Short	Binance NEARUSDT	4.3220	0.0213	get 0.0213% / 8h	1h 02m	$262.9M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $23.76
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.91
Costs to cover: 0.180%
Break-even: 5.0 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	1.14 bp	8.5 bp −$8	11.9 bp −$119	27.3 bp −$2,728	82.0 bp −$41.0K

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.3176	−0.090%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3176	−0.089%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3276	+0.142%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.177%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	−0.012%	$104K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3190	−0.058%	$218.3M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.081%	$60.7M	$290.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3565	+0.811%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3180	−0.081%	$35.1M	$62.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3210	−0.012%	$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	4.3200	−0.035%	$71.5M	$128.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.422%	$8.7M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3395	+0.417%	$252K	$906K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3350	+0.311%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.428%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3219	+0.009%	$288K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3212	−0.007%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3290	+0.174%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USDlong	+0.0100%	1h	4.3215	long leg	$5K	$53K	10x
HTX NEAR-USDT	+0.0100%	8h	4.3310	+0.220%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3240	+0.058%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3196	−0.045%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3194	−0.049%	$3.6M	$17.9M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3240	+0.058%	$201K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0201%	8h	4.3210	−0.012%	—	$6.6M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3220	+0.012%	$75.0M	$151.1M	200x	as long as short
Binance NEARUSDTshort	+0.0213%	8h	4.3220	+0.012%	$262.9M	$1.09B	75x
Kalshi KXNEARPERP	+0.0222%	8h	4.3221	+0.014%	$945K	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0257%	8h	4.3206	−0.021%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0200%	1h	4.3192	−0.054%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3200	−0.035%	$13.5M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0396%	1h	4.3209	−0.014%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3274	+0.137%	$2.3M	$16.6M	50x	as long as short
Hyperliquid NEAR	+0.0436%	1h	4.3215	0.000%	$351.4M	$314.6M	10x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.3233	+0.042%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0543%	1h	4.3176	−0.090%	$1.6M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0676%	1h	4.3177	−0.087%	$7.1M	$38.3M	50x	as long as short
Lighter NEAR	+0.0736%	1h	4.3252	+0.085%	$17.0M	$25.5M	15x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.3267	+0.120%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3250	+0.081%	$228K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3376	+0.373%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1024%	1h	4.3241	+0.060%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3210	−0.012%	$398K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3238	+0.053%	$661K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1321%	1h	4.3462	+0.572%	$5K	$12K	10x	as long as short