Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.009%

Price spread now: Bitget against SoDEX+0.020%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 Bitget

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 pays, funding is against you. Bitget is 0.020% dearer against SoDEX than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.4295	0.0192	pay 0.0024% / 1h	31m 48s	$5K	$53K	10x
Short	Bitget NEARUSDT	4.4304	0.0100	get 0.0100% / 8h	1h 31m	$73.3M	$127.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$19.35
Price spread: +0.020% → 0.000%: $2.03
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.11 bp	7.8 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit

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	4.4223	−0.162%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4338	+0.096%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4240	−0.125%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.513%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4290	−0.011%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4301	+0.014%	$224.7M	$435.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4300	+0.011%	$62.6M	$298.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.124%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4312	+0.038%	$35.5M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4340	+0.102%	$53.5M	$46.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDTshort	+0.0100%	8h	4.4304	+0.020%	$73.3M	$127.2M	75x
Variational Omni NEAR	+0.0100%	8h	4.4297	+0.005%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4392	+0.219%	$259K	$964K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4380	+0.192%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4289	−0.014%	$297K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4277	−0.041%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	+0.079%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4320	+0.056%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4310	+0.034%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4289	−0.014%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0114%	8h	4.4327	+0.072%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4317	+0.051%	$206K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0192%	8h	4.4340	+0.102%	—	$143.8M	—	as long as short
SoDEX NEAR-USDlong	+0.0192%	1h	4.4295	long leg	$5K	$53K	10x
MEXC NEAR_USDT	+0.0193%	8h	4.4360	+0.147%	$81.0M	$147.7M	200x	as long as short
Binance NEARUSDT	+0.0197%	8h	4.4360	+0.147%	$270.8M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4319	+0.055%	$3.7M	$18.5M	25x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.4276	−0.043%	$1.1M	$25.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0314%	8h	4.4410	+0.260%	$13.7M	$32.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4235	−0.135%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0318%	8h	4.4327	+0.073%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4436	+0.318%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4362	+0.151%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0466%	1h	4.4341	+0.104%	$1.4M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0493%	1h	4.4354	+0.134%	$362.7M	$312.6M	10x	as long as short
Nado NEAR-PERP	+0.0602%	1h	4.4245	−0.113%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0659%	1h	4.4289	−0.014%	$7.3M	$38.4M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4350	+0.124%	$225K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0880%	1h	4.4311	+0.036%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0888%	1h	4.4382	+0.197%	$17.4M	$25.1M	15x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4390	+0.214%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4771	+1.075%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4359	+0.144%	$409K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4289	−0.014%	$669K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1272%	1h	4.4404	+0.247%	$6K	$12K	10x	as long as short