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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0420%/8h= −46.0% APRnext payment $0.52 per $10,000 · paid last 24h −0.018%
Price spread now: Polymarket Perps against 01 Exchange−0.081%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 −$13 a day on $10k at the current rate, and Polymarket Perps is 0.081% cheaper against 01 Exchange than usual: you would sell low and buy high (−$8 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 NEARUSD4.29790.0520pay 0.0065% / 1h0m 41s$13K$7K10x
ShortPolymarket Perps NEAR-USD4.29440.0100get 0.0013% / 1h0m 41s$267K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
−$88.2
Price spread: −0.081% → 0.000%
−$8.14
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$111.34
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago0.81 bp7.5 bp −$810.0 bp −$100doesn'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%1h4.2898−0.188%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2882−0.225%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2865−0.265%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.651%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.2938−0.095%$2.3M$15.7M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2950−0.067%$111K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2939−0.094%$261.8M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2923−0.130%$212.7M$426.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2940−0.091%$60.6M$285.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2973−0.014%$245K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2918−0.142%$31.9M$62.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2950−0.067%$72.5M$147.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2880−0.230%$53.2M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2947−0.074%$71.0M$127.4M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2960−0.044%$144.5Mas long as short
Variational Omni NEAR+0.0100%8h4.2857−0.283%$8.1M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2978−0.001%$251K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2967−0.027%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2960−0.044%$165K$794K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.2944−0.081%$267K$3.9M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.2906−0.170%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3030+0.119%$1K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2990+0.026%$458K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2920−0.137%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2913−0.153%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2910−0.161%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2930−0.114%$13.4M$31.6M75xas long as short
Kalshi KXNEARPERP+0.0250%8h4.2955−0.056%$773K$23.9M2.2xas long as short
Pacifica NEAR+0.0263%1h4.2906−0.169%$396K$1.3M10xas long as short
SoDEX NEAR-USD+0.0303%1h4.2885−0.219%$6K$53K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2856−0.286%$231K100xas long as short
Aster NEARUSDT+0.0329%8h4.2931−0.112%$2.8M$5.5M50xas long as short
01 Exchange NEARUSDlong+0.0520%1h4.2979long leg$13K$7K10x
Extended NEAR-USD+0.0528%1h4.2950−0.067%$3.7M$19.8M25xas long as short
Hyperliquid NEAR+0.0543%1h4.2890−0.207%$350.9M$313.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0562%1h4.2908−0.165%$1.3M$6.8M20xas long as short
Nado NEAR-PERP+0.0562%1h4.2935−0.102%$1.8M$3.1M10xas long as short
Arcus NEAR-USD+0.0627%1h4.2990+0.026%$211K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0719%1h4.2886−0.217%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0904%1h4.2968−0.026%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.747%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1024%1h4.29790.000%$17.3M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2972−0.017%$662K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1290%1h4.2935−0.102%$1.9M$10.0M25xas long as short
Aftermath Perps NEARUSD+0.1500%1h4.3028+0.113%$5K$12K10xas long as short