Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0682%/8h= +74.7% APRpaid last 24h +0.066%

Price spread now: HTX against SoDEX+0.272%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 HTX

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 +$20 a day on $10k at the current rate, and HTX is 0.272% dearer against SoDEX than usual: you sell high and buy low: +$27 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	4.2704	0.0100	pay 0.0013% / 1h	14m 40s	$4K	$54K	10x
Short	HTX NEAR-USDT	4.2820	0.0782	get 0.0782% / 8h	14m 40s	$459K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.272%Rate

Funding earned: $143.29
Price spread: +0.272% → 0.000%: $27.16
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $150.45
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	5.84 bp	18.1 bp −$18	42.1 bp −$421	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	4.2652	−0.121%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2618	−0.201%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2530	−0.407%	$110K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2698	−0.014%	$356K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2703	−0.003%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.030%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	+0.128%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0050%	8h	4.2482	−0.520%	$216.3M	$422.8M	75x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.2730	+0.061%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2700	−0.009%	$109K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2693	−0.026%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2535	−0.397%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2581	−0.289%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2532	−0.403%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2503	−0.470%	$251.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2480	−0.525%	$60.4M	$284.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2510	−0.454%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.576%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2625	−0.185%	$30.5M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2520	−0.431%	$77.3M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2540	−0.384%	$55.5M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2492	−0.496%	$70.5M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2500	−0.478%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2754	+0.116%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2783	+0.185%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	+0.108%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2696	−0.019%	$199K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	+0.061%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USDlong	+0.0100%	1h	4.2704	long leg	$4K	$54K	10x
Phemex NEARUSDT	+0.0100%	8h	4.2680	−0.056%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2611	−0.218%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2675	−0.068%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2722	+0.042%	$7.6M	$37.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0125%	1h	4.2702	−0.005%	$1.9M	$2.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	−0.056%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2568	−0.318%	$1.5M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2698	−0.014%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2751	+0.111%	$419K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0452%	1h	4.2716	+0.028%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.440%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0672%	1h	4.2685	−0.044%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0679%	1h	4.2555	−0.349%	$363.3M	$300.5M	10x	as long as short
HTX NEAR-USDTshort	+0.0782%	8h	4.2820	+0.272%	$459K	$3.7M	75x
Aftermath Perps NEARUSD	+0.1150%	1h	4.2766	+0.146%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.2626	−0.181%	$16.5M	$24.1M	15x	as long as short