Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: Bybit against Aevo−0.018%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 3 days (all we have)−0.215%−$22 · spread now −0.018%, 7d avg −0.038%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.1510	0.0104	pay 0.0013% / 1h	47m 18s	$200K	$62K	3x
Short	Bybit NEARUSDT	4.1503	0.0100	get 0.0100% / 8h	1h 47m	$211.8M	$423.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$0.84
Price spread: −0.018% → −0.038%: $1.99
Slippage, 4 orders: −$51.54
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.39
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from Aevo: live order book, 36 min ago; Bybit: live order book, 2 min ago.

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 Aevo live order book, 36 min ago	19.39 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.20 bp	8.3 bp −$8	13.5 bp −$135	37.7 bp −$3,775	187.6 bp −$93.8K

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	4.1503	−0.018%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1492	−0.045%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.242%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1611	+0.242%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1543	+0.078%	$435K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1513	+0.007%	$205K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1530	+0.047%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.1544	+0.081%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1676	+0.398%	$15.3M	$22.5M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1530	+0.047%	$111K	$483K	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_USDC	+0.0099%	8h	4.1530	+0.047%	$53K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1609	+0.236%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1590	+0.193%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1605	+0.228%	$350K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1523	+0.031%	$236.7M	$1.08B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.1503	−0.018%	$211.8M	$423.3M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1510	−0.001%	$56.8M	$274.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1580	+0.167%	$308K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1505	−0.013%	$29.6M	$56.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1510	−0.001%	$81.8M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1550	+0.095%	$56.2M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1489	−0.052%	$68.9M	$125.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1500	−0.025%	—	$136.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.118%	$7.7M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1473	−0.091%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1500	−0.025%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.001%	$182K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1554	+0.105%	$197K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1560	+0.119%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1509	−0.004%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1520	+0.023%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.146%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1489	−0.052%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.1510	long leg	$200K	$62K	3x
Lighter RH NEAR	+0.0128%	1h	4.1632	+0.293%	$1.4M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0208%	1h	4.1549	+0.093%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1460	−0.122%	$12.2M	$33.4M	75x	as long as short
Hyperliquid NEAR	+0.0334%	1h	4.1576	+0.158%	$349.4M	$298.3M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1559	+0.118%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0379% / S −0.0327%	1h	4.1503	−0.019%	$279K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0472%	1h	4.1611	+0.242%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0489%	1h	4.1513	+0.007%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1447	−0.153%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0896%	1h	4.1464	−0.112%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1016%	8h	4.1670	+0.384%	$446K	$3.6M	75x	as long as short