Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.006%

Price spread now: Orderly against 01 Exchange−0.161%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 Orderly

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. Orderly is 0.161% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 47 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.1723	0.0088	pay 0.0011% / 1h	29m 54s	$12K	$7K	10x
Short	Orderly PERP_NEAR_USDC	4.1656	0.0099	get 0.0099% / 8h	1h 29m	$53K	$158K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.161%Rate

Funding earned: $2.39
Price spread: −0.161% → 0.000%: −$16.06
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.67
Costs to cover: 0.130%
Break-even: 85.3 days

Slippage unknown: 01 Exchange: no order-book sample; Orderly: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

01 Exchange and Orderly: 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	4.1665	−0.140%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1664	−0.141%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.750%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1675	−0.114%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1670	−0.127%	$429K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1693	−0.071%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1687	−0.086%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSDlong	+0.0088%	1h	4.1723	long leg	$12K	$7K	10x
Lighter RH NEAR	+0.0096%	1h	4.1713	−0.024%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1690	−0.079%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDCshort	+0.0099%	8h	4.1656	−0.161%	$53K	$158K	20x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1680	−0.104%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1660	−0.151%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1706	−0.041%	$361K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1650	−0.175%	$238.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1630	−0.223%	$212.4M	$423.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1630	−0.223%	$57.4M	$275.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1700	−0.055%	$241K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1650	−0.175%	$29.8M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1640	−0.199%	$81.8M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1680	−0.103%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1644	−0.189%	$68.9M	$125.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1630	−0.223%	—	$136.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	−0.175%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1758	+0.085%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1831	+0.259%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1730	+0.017%	$174K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1702	−0.050%	$204K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1740	+0.041%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1657	−0.158%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1650	−0.175%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.295%	$237K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1621	−0.245%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1650	−0.175%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1560	−0.391%	$12.2M	$31.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0230%	1h	4.1690	−0.079%	$1.8M	$2.2M	25x	as long as short
Hyperliquid NEAR	+0.0338%	1h	4.1717	−0.014%	$352.2M	$298.9M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1717	−0.015%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1695	−0.068%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0433%	1h	4.1698	−0.060%	$1.2M	$5.7M	20x	as long as short
Lighter NEAR	+0.0512%	1h	4.1744	+0.051%	$15.9M	$23.3M	15x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1800	+0.185%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0544%	1h	4.1674	−0.117%	$1.8M	$3.5M	10x	as long as short
Aftermath Perps NEARUSD	+0.0853%	1h	4.1752	+0.069%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0975%	8h	4.1750	+0.065%	$446K	$3.6M	75x	as long as short