Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.128%

Price spread now: HTX against Aevo+0.269%7-day average +0.233% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2212.207% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.571%+$57 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.269%, 7d avg +0.233%

Together, before fees+0.601%+$60 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: HTX is 0.036% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.233%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3244	0.0104	pay 0.0013% / 1h	40m 51s	$201K	$37K	3x
Short	HTX NEAR-USDT	4.3360	0.0100	get 0.0100% / 8h	3h 40m	$470K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.269%Rate

Funding earned: −$0.84
Price spread: +0.269% → +0.233%: $3.59
Slippage, 4 orders: −$192.68
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$217.93
Costs to cover: 2.207%
Break-even: never at this rate

Slippage from Aevo: live order book, 13 min ago; HTX: 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, 13 min ago	85.15 bp	93.2 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	8.06 bp	17.3 bp −$17	45.1 bp −$451	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	4.3170	−0.170%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3091	−0.353%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3166	−0.179%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.241%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3316	+0.167%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3150	−0.217%	$107K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3320	+0.176%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3273	+0.067%	$215.3M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3270	+0.060%	$61.4M	$291.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.361%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3262	+0.042%	$31.9M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3290	+0.107%	$73.2M	$144.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3300	+0.130%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3280	+0.084%	$71.2M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3280	+0.084%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.177%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3357	+0.261%	$254K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	−0.068%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.361%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3154	−0.208%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3231	−0.030%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.084%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3360	+0.269%	$470K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3300	+0.130%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3084	−0.369%	$31K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3244	long leg	$201K	$37K	3x
Kalshi KXNEARPERP	+0.0145%	8h	4.3047	−0.455%	$724K	$23.5M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3280	+0.084%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3117	−0.294%	$409K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0312%	8h	4.3278	+0.078%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3172	−0.166%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0406%	1h	4.3272	+0.065%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.3315	+0.165%	$1.4M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3174	−0.162%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0610%	1h	4.3291	+0.109%	$355.2M	$321.2M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3160	−0.194%	$211K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0671%	1h	4.3147	−0.225%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0680%	1h	4.3243	−0.003%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0712%	1h	4.3314	+0.163%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0872%	1h	4.3366	+0.282%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0908%	1h	4.3235	−0.020%	$1.9M	$8.9M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	+0.134%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1152%	1h	4.3366	+0.283%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3155	−0.206%	$654K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.3318	+0.171%	$5K	$12K	10x	as long as short