Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.018%

Price spread now: 01 Exchange against Variational Omni−1.069%48s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on 01 Exchange

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. 01 Exchange is 1.069% cheaper against Variational Omni than usual: you would sell low and buy high (spread −1.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$107 on $10k: about 12 days of funding at the current rate (+$9 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.4286	0.0100	pay 0.0100% / 8h	5h 37m	$8.6M	$18.2M	—
Short	01 Exchange NEARUSD	4.3813	0.0408	get 0.0051% / 1h	37m 45s	$13K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −1.069%Rate

Funding earned: $64.68
Price spread: −1.069% → 0.000%: −$106.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$49.21
Costs to cover: 0.070%
Break-even: 12.3 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; 01 Exchange: no order-book sample. 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	3.85 bp	doesn't fit	13.7 bp −$137	31.3 bp −$3,129	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	4.3808	−1.080%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3808	−1.080%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3921	−0.826%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3858	−0.967%	$588K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3851	−0.983%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.495%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3780	−1.143%	$115K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3943	−0.774%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3950	−0.760%	$267.4M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3950	−0.760%	$221.9M	$417.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3950	−0.760%	$62.6M	$290.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	−1.437%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3963	−0.730%	$31.6M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3930	−0.805%	$75.9M	$141.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3950	−0.760%	$55.4M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3972	−0.710%	$72.4M	$126.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3970	−0.714%	—	$144.6M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.4286	long leg	$8.6M	$18.2M	—
edgeX NEARUSDC	+0.0100%	4h	4.4253	−0.076%	$265K	$986K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4147	−0.316%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3823	−1.046%	$235K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3869	−0.942%	$60K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3930	−0.805%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3875	−0.929%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3920	−0.827%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3850	−0.985%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3956	−0.745%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3961	−0.736%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3904	−0.863%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0214%	8h	4.3955	−0.748%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3840	−1.008%	$13.5M	$31.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0245%	1h	4.3851	−0.982%	$257K	—	100x	as long as short
01 Exchange NEARUSDshort	+0.0408%	1h	4.3813	−1.069%	$13K	$7K	10x
Arcus NEAR-USD	+0.0410%	1h	4.3990	−0.669%	$209K	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0412%	1h	4.4020	−0.601%	$200K	$779K	50x	as long as short
Nado NEAR-PERP	+0.0415%	1h	4.3775	−1.155%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0571%	1h	4.3908	−0.854%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0661%	1h	4.3911	−0.848%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0702%	1h	4.3890	−0.895%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0783%	1h	4.3997	−0.653%	$370.3M	$303.7M	10x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.3998	−0.651%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4223	−0.143%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3986	−0.678%	$558K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4013	−0.617%	$17.6M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1748%	1h	4.3944	−0.773%	$6K	$12K	10x	as long as short