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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0415%/8h= −45.4% APRnext payment $0.52 per $10,000 · paid last 24h −0.061%
Price spread now: Injective against 01 Exchange−6.435%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
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 6.435% cheaper against 01 Exchange than usual: you would sell low and buy high (−$643 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange NEARUSD4.42580.0448pay 0.0056% / 1h33m 39s$13K$7K10x
ShortInjective NEAR/USDC PERP4.14100.0033get 0.0004% / 1h33m 39s$578$301K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$87.08
Price spread: −6.435% → 0.000%
−$643.5
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$737.6
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Injective no order-book sample
01 Exchange and Injective: 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%1h4.4238−0.045%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4222−0.082%$109K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4250−0.018%$166K150xas long as short
Injective NEAR/USDC PERPshort+0.0033%1h4.1410−6.435%$578$301K12x
Popdex NEARUSDT+0.0096%1h4.4240−0.041%$111K$494K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4242−0.036%$224.5M$436.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4240−0.041%$62.5M$297.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5008+1.695%$256K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4230−0.063%$35.4M$61.3M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4280+0.050%$53.5M$46.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4237−0.047%$73.1M$127.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.4297+0.089%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.4392+0.303%$259K$964K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4380+0.276%$167K$805K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4265+0.016%$300K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4282+0.054%$59K$236K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4350+0.208%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4350+0.208%$469K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4320+0.140%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0105%8h4.4241−0.039%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0114%8h4.4327+0.156%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4229−0.065%$206K$38K3xas long as short
SoDEX NEAR-USD+0.0184%1h4.4235−0.052%$5K$53K10xas long as short
BingX NEAR-USDC+0.0190%8h4.4260+0.005%$6.6Mas long as short
MEXC NEAR_USDT+0.0193%8h4.4270+0.027%$80.5M$147.3M200xas long as short
Binance NEARUSDT+0.0194%8h4.4304+0.103%$270.3M$1.09B75xas long as short
Extended NEAR-USD+0.0232%1h4.4239−0.042%$3.7M$18.7M25xas long as short
Kalshi KXNEARPERP+0.0279%8h4.4255−0.007%$1.1M$25.2M2.2xas long as short
BloFin NEAR-USDT+0.0311%8h4.4340+0.185%$13.7M$32.8M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0197%1h4.4263+0.012%$234K100xas long as short
Aster NEARUSDT+0.0319%8h4.4261+0.006%$2.8M$5.0M50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4289+0.070%$2.3M$16.7M50xas long as short
01 Exchange NEARUSDlong+0.0448%1h4.4258long leg$13K$7K10x
Backpack NEAR_USDC_PERP+0.0473%1h4.4279+0.047%$1.4M$6.8M20xas long as short
Hyperliquid NEAR+0.0481%1h4.4296+0.087%$362.5M$312.4M10xas long as short
Nado NEAR-PERP+0.0602%1h4.4230−0.063%$1.7M$3.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0660%1h4.4228−0.068%$7.3M$38.4M50xas long as short
Arcus NEAR-USD+0.0880%1h4.4300+0.095%$225K$1.6M10xas long as short
Lighter NEAR+0.0880%1h4.4331+0.166%$17.4M$25.1M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0903%1h4.4291+0.075%$1.9M$13.1M25xas long as short
Lighter RH NEAR+0.0912%1h4.4317+0.133%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.4771+1.159%$1.8M$2.5M10xas long as short
Pacifica NEAR+0.1187%1h4.4275+0.039%$409K$1.4M10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4292+0.078%$667K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1278%1h4.4460+0.456%$6K$12K10xas long as short