Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.027%

Price spread now: BloFin against SoDEX+0.123%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 BloFin

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.123% dearer against SoDEX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.4725	0.0251	pay 0.0031% / 1h	46m 27s	$5K	$52K	10x
Short	BloFin NEAR-USDT	4.4780	0.0301	get 0.0301% / 8h	1h 46m	$13.5M	$33.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.123%Rate

Funding earned: $10.54
Price spread: +0.123% → 0.000%: $12.3
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.83
Costs to cover: 0.200%
Break-even: 5.1 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	4.46 bp	15.6 bp −$16	19.2 bp −$192	39.4 bp −$3,937	94.1 bp −$47.1K

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	4.4678	−0.105%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4668	−0.127%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4670	−0.123%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.412%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4690	−0.078%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4690	−0.078%	$229.9M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4670	−0.123%	$63.0M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.802%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4646	−0.177%	$34.8M	$60.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4680	−0.101%	$53.3M	$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	4.4665	−0.134%	$73.9M	$126.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.352%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4914	+0.422%	$262K	$966K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4700	−0.056%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4725	0.000%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4780	+0.123%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4730	+0.011%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4710	−0.034%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4685	−0.088%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4641	−0.187%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4730	+0.011%	$208K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0165%	8h	4.4680	−0.101%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0181%	8h	4.4670	−0.123%	$85.8M	$145.1M	200x	as long as short
Binance NEARUSDT	+0.0182%	8h	4.4693	−0.071%	$271.3M	$1.09B	75x	as long as short
SoDEX NEAR-USDlong	+0.0251%	1h	4.4725	long leg	$5K	$52K	10x
ApeX Omni NEARUSDT	+0.0253%	1h	4.4940	+0.481%	$169K	$805K	50x	as long as short
BloFin NEAR-USDTshort	+0.0301%	8h	4.4780	+0.123%	$13.5M	$33.0M	75x
Kalshi KXNEARPERP	+0.0303%	8h	4.4737	+0.027%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4677	−0.107%	$239K	—	100x	as long as short
Aster NEARUSDT	+0.0341%	8h	4.4680	−0.101%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0360%	1h	4.4663	−0.139%	$3.7M	$18.9M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4731	+0.013%	$2.3M	$16.4M	50x	as long as short
Nado NEAR-PERP	+0.0496%	1h	4.4815	+0.201%	$1.8M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.4685	−0.089%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0601%	1h	4.4768	+0.096%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0653%	1h	4.4685	−0.088%	$7.4M	$38.3M	50x	as long as short
Hyperliquid NEAR	+0.0663%	1h	4.4700	−0.056%	$367.7M	$308.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0846%	1h	4.4741	+0.036%	$2.0M	$12.3M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4700	−0.056%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.4734	+0.019%	$17.5M	$24.7M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.617%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1040%	1h	4.4743	+0.040%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4684	−0.092%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1206%	1h	4.4651	−0.164%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4691	−0.075%	$678K	$1.4M	10x	as long as short