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+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.056%
Price spread now: Deribit against 01 Exchange−1.182%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Deribit is 1.182% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −1.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$118 on $10k: about 21 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange NEARUSD4.47590.0240pay 0.0030% / 1h44m 36s$13K$7K10x
ShortDeribit NEAR_USDC-PERPETUAL4.42300.0429get 0.0054% / 1h44m 36s$2.0M$6.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against 01 Exchange. 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
$39.69
Price spread: −1.182% → 0.000%
−$118.19
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$92.5
Costs to cover
0.140%
Break-even
23.3 days
Slippage unknown: 01 Exchange: no order-book sample; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Deribit live order book, 4 min ago3.70 bp7.4 bp −$739.3 bp −$393doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4695−0.142%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4210−1.227%$2.2M$15.3M50xas long as short
dYdX NEAR-USD0.0000%1h4.4567−0.430%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4222−1.200%$628K$22.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0005%1h4.4194−1.263%$178K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.482%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4750−0.020%$117K$515K50xas long as short
Pacifica NEAR+0.0100%1h4.4592−0.374%$426K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4780+0.047%$273.8M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4740−0.042%$224.1M$425.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4710−0.109%$63.3M$304.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4550−0.467%$254K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4657−0.228%$32.3M$63.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4650−0.244%$75.0M$147.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4600−0.355%$55.4M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4693−0.147%$73.5M$130.7M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4680−0.177%$148.0Mas long as short
Variational Omni NEAR+0.0100%8h4.4367−0.876%$8.6M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4481−0.622%$267K$979K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4624−0.302%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4460−0.668%$171K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4696−0.141%$241K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4217−1.211%$56K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4310−1.003%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4215−1.215%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4260−1.115%$460K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4360−0.891%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4562−0.441%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4215−1.215%$206K$40K3xas long as short
Hyperliquid NEAR+0.0167%1h4.4576−0.409%$368.2M$326.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0178%1h4.4478−0.628%$1.4M$6.6M20xas long as short
Extended NEAR-USD+0.0192%1h4.4653−0.236%$4.0M$19.6M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4410−0.780%$14.1M$33.1M75xas long as short
01 Exchange NEARUSDlong+0.0240%1h4.4759long leg$13K$7K10x
Aster NEARUSDT+0.0296%8h4.4542−0.485%$3.1M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0338% / S −0.0217%1h4.4189−1.273%$247K100xas long as short
Deribit NEAR_USDC-PERPETUALshort+0.0429%1h4.4230−1.182%$2.0M$6.7M25x
Nado NEAR-PERP+0.0500%1h4.4725−0.076%$1.9M$3.1M10xas long as short
Lighter RH NEAR+0.0504%1h4.4602−0.351%$1.6M$7.2M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4800+0.092%$221K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0587%1h4.4241−1.158%$8.2M$40.2M50xas long as short
Lighter NEAR+0.0680%1h4.4682−0.171%$18.0M$26.2M15xas long as short
Phoenix NEAR+0.0794%1h4.4521−0.532%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4738−0.048%$565K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1572%1h4.4597−0.361%$6K$12K10xas long as short