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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment $0.06 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against SoDEX−0.111%49s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.111% cheaper against SoDEX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.42400.0147pay 0.0018% / 1h17m 36s$8K$52K10x
ShortPolymarket Perps NEAR-USD4.41910.0100get 0.0013% / 1h17m 36s$246K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$9.9
Price spread: −0.111% → 0.000%
−$11.08
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$36.97
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Polymarket Perps: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Polymarket Perps live order book, 1 min ago1.47 bp8.8 bp −$914.4 bp −$144doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4159−0.184%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4213−0.061%$2.3M$15.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.4220−0.046%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4309+0.156%$599K$22.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4218−0.050%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.397%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4160−0.181%$113K$519K50xas long as short
Pacifica NEAR+0.0100%1h4.4254+0.032%$421K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4214−0.058%$272.0M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4148−0.208%$222.1M$424.6M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4160−0.181%$62.9M$299.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4098−0.320%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4228−0.027%$32.2M$64.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4280+0.090%$74.8M$149.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4250+0.023%$54.8M$46.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4169−0.160%$72.6M$130.5M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4200−0.090%$147.4Mas long as short
Variational Omni NEAR+0.0100%8h4.4057−0.414%$8.5M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4247+0.016%$265K$979K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4281+0.092%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4180−0.136%$170K$802K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.4191−0.111%$246K$3.9M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.4245+0.011%$57K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4300+0.136%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4310+0.158%$459K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4260+0.045%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4228−0.028%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4232−0.018%$206K$40K3xas long as short
SoDEX NEAR-USDlong+0.0147%1h4.4240long leg$8K$52K10x
BloFin NEAR-USDT+0.0220%8h4.4310+0.158%$13.8M$33.0M75xas long as short
Aster NEARUSDT+0.0310%8h4.4231−0.019%$3.0M$5.5M50xas long as short
Backpack NEAR_USDC_PERP+0.0320%1h4.4263+0.052%$1.4M$6.5M20xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0321% / S −0.0190%1h4.4208−0.073%$235K100xas long as short
01 Exchange NEARUSD+0.0336%1h4.4227−0.029%$13K$7K10xas long as short
Hyperliquid NEAR+0.0341%1h4.4290+0.113%$365.4M$324.7M10xas long as short
Extended NEAR-USD+0.0392%1h4.4217−0.051%$4.0M$19.7M25xas long as short
Nado NEAR-PERP+0.0543%1h4.4175−0.147%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.42400.000%$219K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0587%1h4.4258+0.041%$8.2M$39.6M50xas long as short
Lighter RH NEAR+0.0648%1h4.4303+0.142%$1.5M$7.2M10xas long as short
Phoenix NEAR+0.0794%1h4.4289+0.111%$1.8M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0858%1h4.4269+0.066%$2.0M$7.3M25xas long as short
RISEx NEAR/USDC+0.0926%1h4.4219−0.048%$592K$1.4M10xas long as short
Lighter NEAR+0.0944%1h4.4314+0.167%$17.9M$26.5M15xas long as short
Aftermath Perps NEARUSD+0.1545%1h4.4170−0.158%$5K$12K10xas long as short