Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Extended against Aevo+0.471%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−1.712%−$171 · spread now +0.471%, 7d avg −0.059%

Together, before fees−1.731%+ Points / potential airdropExtended: Active · farm board−$173 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.530% dearer against Aevo than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.4354	0.0104	pay 0.0013% / 1h	26m 33s	$207K	$34K	3x
Short	Extended NEAR-USD	4.4563	0.0104	get 0.0013% / 1h	26m 33s	$3.9M	$18.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.471%Rate

Funding earned: $0
Price spread: +0.471% → −0.059%: $53.01
Slippage, 4 orders: −$72.7
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.69
Costs to cover: 0.937%
Break-even: never at this rate

Slippage from Aevo: live order book, 37 min ago; Extended: live order book, 3 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, 37 min ago	10.31 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.11 bp	5.1 bp −$5	14.2 bp −$142	doesn't fit	doesn't fit

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	4.4567	+0.479%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4300	−0.122%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4541	+0.422%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4367	+0.029%	$572K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4307	−0.105%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.638%	$578	$302K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0088%	1h	4.4364	+0.022%	$1.9M	$4.4M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4580	+0.509%	$117K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4561	+0.466%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4606	+0.567%	$270.8M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4590	+0.532%	$224.3M	$418.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4570	+0.487%	$64.0M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.150%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4562	+0.469%	$32.3M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4580	+0.509%	$77.2M	$143.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4570	+0.487%	$55.9M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4567	+0.480%	$73.4M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4580	+0.509%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.379%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4398	+0.098%	$266K	$984K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4397	+0.098%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.438%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4617	+0.593%	$213K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4298	−0.126%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+0.171%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4380	+0.058%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4510	+0.352%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4400	+0.104%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4542	+0.423%	$32K	$608	10x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.4563	+0.471%	$3.9M	$18.7M	25x
Aevo NEAR-PERPlong	+0.0104%	1h	4.4354	long leg	$207K	$34K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.4420	+0.149%	$13.7M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0240%	8h	4.4589	+0.530%	$3.1M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0246%	1h	4.4300	−0.121%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0360%	1h	4.4587	+0.525%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0390%	1h	4.4570	+0.487%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4600	+0.554%	$212K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0540%	1h	4.4498	+0.325%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0683%	1h	4.4633	+0.629%	$371.5M	$309.5M	10x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.4595	+0.543%	$1.7M	$6.9M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0694%	1h	4.4370	+0.036%	$8.2M	$40.9M	50x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4364	+0.022%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4612	+0.581%	$538K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.4623	+0.607%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1660%	1h	4.4306	−0.109%	$6K	$12K	10x	as long as short