Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.004%

Price spread now: Bulk against Variational Omni+0.019%7-day average −0.044% · you sell dearer than you buy

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

Long on Variational Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−1.033%−$103 · spread now +0.019%, 7d avg −0.044%

Together, before fees−1.020%+ Points / potential airdropVariational Omni: Active · farm board−$102 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.063% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.2749	0.0032	pay 0.0032% / 8h	3m 33s	$7.8M	$18.5M	—
Short	Bulk NEAR-USD	4.2757	0.0100	get 0.0013% / 1h	3m 33s	$244K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Variational Omni. 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 Variational OmnibpFee BulkbpOrdersPrice spread, now +0.019%Rate

Funding earned: $14.28
Price spread: +0.019% → −0.044%: $6.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $13.59
Costs to cover: 0.070%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bulk: live order book, 10 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 Variational Omni RFQ quote, 1 min ago	3.88 bp	doesn't fit	10.3 bp −$103	29.2 bp −$2,925	doesn't fit
Sell Bulk live order book, 10 min ago	11.72 bp	15.2 bp −$15	15.2 bp −$152	33.8 bp −$3,381	58.9 bp −$29.4K

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	4.2783	+0.078%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2832	+0.194%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2842	+0.217%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2868	+0.278%	$374K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2892	+0.334%	$203K	—	150x	as long as short
Variational Omni NEARlong	+0.0032%	8h	4.2749	long leg	$7.8M	$18.5M	—
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.133%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0040%	8h	4.2771	+0.051%	$217.7M	$421.9M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2838	+0.208%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2810	+0.142%	$110K	$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	4.2900	+0.353%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2823	+0.172%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2867	+0.276%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2843	+0.220%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2811	+0.143%	$253.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	+0.072%	$60.8M	$286.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2830	+0.189%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.2757	+0.019%	$244K	$2K	10x
Gate NEAR_USDT	+0.0100%	8h	4.2808	+0.137%	$30.9M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2840	+0.212%	$79.3M	$142.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2840	+0.212%	$55.9M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2787	+0.088%	$70.9M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2810	+0.142%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2741	−0.019%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2826	+0.179%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2820	+0.166%	$179K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2810	+0.142%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.446%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2881	+0.308%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	+0.329%	$3.9M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2797	+0.113%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2877	+0.298%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2914	+0.386%	$7.6M	$37.4M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.236%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2929	+0.421%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0316%	1h	4.2898	+0.349%	$276K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.2936	+0.437%	$1.9M	$2.7M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2848	+0.232%	$420K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0450%	1h	4.2947	+0.463%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2887	+0.322%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0595%	1h	4.2858	+0.254%	$365.5M	$301.0M	10x	as long as short
Nado NEAR-PERP	+0.0654%	1h	4.2793	+0.102%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0746%	8h	4.2970	+0.516%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1171%	1h	4.2837	+0.205%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2950	+0.468%	$16.9M	$24.7M	15x	as long as short