Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.002%

Price spread now: OKX against 01 Exchange−0.095%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on OKX

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—needs both histories

Funding pays, the price is against you. OKX is 0.095% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.2130	−0.0032	get 0.0004% / 1h	35m 28s	$12K	$7K	10x
Short	OKX NEAR-USDT-SWAP	4.2090	0.0100	get 0.0100% / 8h	7h 35m	$59.5M	$274.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee OKXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $27.72
Price spread: −0.095% → 0.000%: −$9.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.23
Costs to cover: 0.170%
Break-even: 6.7 days

Slippage unknown: 01 Exchange: no order-book sample; OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	1.17 bp	9.2 bp −$9	18.4 bp −$184	38.4 bp −$3,842	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	−0.0181%	8h	4.2090	−0.095%	$213.4M	$417.9M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2084	−0.110%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2315	+0.439%	$7.2M	$37.4M	50x	as long as short
Gate NEAR_USDT	−0.0132%	8h	4.2106	−0.057%	$30.2M	$59.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2347	+0.515%	$2.2M	$13.0M	50x	as long as short
01 Exchange NEARUSDlong	−0.0032%	1h	4.2130	long leg	$12K	$7K	10x
Variational Omni NEAR	−0.0004%	8h	4.2298	+0.400%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2132	+0.005%	$109K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2336	+0.489%	$417K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2338	+0.494%	$200K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−1.709%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2120	−0.024%	$110K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2397	+0.634%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2133	+0.007%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2160	+0.071%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2150	+0.048%	$395K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2150	+0.047%	$249.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.2090	−0.095%	$59.5M	$274.5M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2130	0.000%	$193K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+1.375%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2140	+0.024%	$76.0M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2160	+0.071%	$55.2M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2089	−0.097%	$69.8M	$125.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2080	−0.119%	—	$141.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2741	+1.450%	$275K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2750	+1.472%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	+0.926%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2150	+0.047%	$200K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2410	+0.665%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2330	+0.475%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2320	+0.451%	$451K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2046	−0.199%	$3.8M	$17.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2350	+0.522%	$197K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0146%	1h	4.2146	+0.038%	$354.0M	$302.6M	10x	as long as short
Phemex NEARUSDT	+0.0212%	8h	4.2310	+0.427%	$3.8M	$8.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2470	+0.807%	$13.1M	$28.6M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2207	+0.183%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0308%	1h	4.2351	+0.524%	$269K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0387%	1h	4.2414	+0.674%	$1.9M	$3.2M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0398%	1h	4.2242	+0.266%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2136	+0.015%	$398K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2415	+0.676%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0526%	1h	4.2113	−0.041%	$1.8M	$3.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1336%	1h	4.2684	+1.316%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.2247	+0.278%	$16.9M	$24.1M	15x	as long as short