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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h +0.181%
Price spread now: Hyperliquid against Variational Omni+0.054%7-day average +0.081% · you sell dearer than you buy
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)+0.298%+$30 on $10k
Price spread, last 7 days−0.008%−$1 · spread now +0.054%, 7d avg +0.081%
Together, before fees+0.290%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.081%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NEAR4.13610.0100pay 0.0100% / 8h1h 55m$7.7M$18.5M
ShortHyperliquid NEAR4.13840.0285get 0.0036% / 1h55m 21s$347.6M$300.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$38.75
Price spread: +0.054% → +0.081%
−$2.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$27.07
Costs to cover
0.090%
Break-even
2.1 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 9 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 Variational Omni RFQ quote, 4 min ago3.93 bpdoesn't fit11.1 bp −$11129.8 bp −$2,984doesn't fit
Sell Hyperliquid live order book, 9 min ago0.12 bp6.2 bp −$68.5 bp −$85doesn't fitdoesn't fit

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%1h4.1328−0.081%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1339−0.054%$2.1M$12.6M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410+0.117%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.1342−0.047%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1474+0.272%$413K$18.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1353−0.020%$205K150xas long as short
Kraken Futures PF_NEARUSD+0.0049%1h4.1384+0.055%$7.5M$36.9M50xas long as short
01 Exchange NEARUSD+0.0056%1h4.1349−0.030%$12K$7K10xas long as short
Popdex NEARUSDT+0.0096%1h4.1350−0.028%$110K$492K50xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.1331−0.074%$53K$157K20xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NEAR-USD-PERP+0.0100%8h4.1316−0.111%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1366+0.011%$2.9M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.1353−0.020%$348K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1340−0.052%$235.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1330−0.076%$210.8M$427.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1330−0.076%$56.4M$275.6M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1360−0.004%$306K$1.6M10xas long as short
Bulk NEAR-USD+0.0100%1h4.1252−0.265%$235K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1320−0.100%$29.5M$56.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1320−0.100%$81.0M$140.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1360−0.004%$55.9M$44.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1316−0.110%$68.7M$126.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1340−0.052%$6.6Mas long as short
Variational Omni NEARlong+0.0100%8h4.1361long leg$7.7M$18.5M
edgeX NEARUSDC+0.0100%4h4.1392+0.074%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1460+0.238%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1490+0.311%$182K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1384+0.054%$195K$3.2M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1400+0.093%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1345−0.040%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1370+0.021%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1284−0.187%$3.8M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1355−0.015%$199K$62K3xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0137%1h4.1358−0.008%$1.8M$2.1M25xas long as short
Lighter RH NEAR+0.0152%1h4.1388+0.064%$1.4M$6.9M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1340−0.052%$12.2M$33.5M75xas long as short
Lighter NEAR+0.0280%1h4.1403+0.099%$15.2M$22.4M15xas long as short
Hyperliquid NEARshort+0.0285%1h4.1384+0.054%$347.6M$300.1M10x
RISEx NEAR/USDC+0.0364%1h4.1354−0.018%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0378% / S −0.0327%1h4.1357−0.012%$278K100xas long as short
Backpack NEAR_USDC_PERP+0.0540%1h4.1376+0.035%$1.3M$5.8M20xas long as short
Phoenix NEAR+0.0582%1h4.1533+0.415%$1.7M$2.7M10xas long as short
Nado NEAR-PERP+0.0611%1h4.1368+0.017%$1.8M$3.6M10xas long as short
Aftermath Perps NEARUSD+0.0972%1h4.1382+0.049%$5K$11K10xas long as short
HTX NEAR-USDT+0.1035%8h4.1460+0.238%$445K$3.7M75xas long as short