Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0185%/8hnext payment +$0.23 per $10,000 · paid last 24h +0.055%

Price spread now: Nado against Aevo+0.012%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Aevo Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.012%, 7d avg −0.012%

Together, before fees−0.120%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.024% dearer against Aevo than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.012%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.052% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.1335	0.0104	pay 0.0013% / 1h	23m 30s	$200K	$66K	3x
Short	Nado NEAR-PERP	4.1340	0.0289	get 0.0036% / 1h	23m 30s	$1.8M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.012%Rate

Funding earned: $38.84
Price spread: +0.012% → −0.012%: $2.37
Slippage, 4 orders: −$41.72
Fee Aevo: 8 bp × 2 orders: −$16
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.51
Costs to cover: 0.647%
Break-even: 11.2 days

Slippage from Aevo: live order book, 9 min ago; Nado: live order book, 5 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, 9 min ago	10.94 bp	24.4 bp −$24	89.1 bp −$891	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	2.05 bp	9.9 bp −$10	23.0 bp −$230	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	4.1435	+0.241%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0016%	1h	4.1480	+0.352%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1391	+0.135%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1371	+0.087%	$444K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1362	+0.064%	$201K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1407	+0.174%	$2.1M	$12.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1470	+0.327%	$105K	$498K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1388	+0.128%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1446	+0.269%	$237.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1430	+0.230%	$207.5M	$428.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1450	+0.278%	$57.0M	$286.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1440	+0.254%	$244K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1127	−0.503%	$235K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1445	+0.266%	$29.2M	$56.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1460	+0.302%	$81.2M	$145.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1390	+0.133%	$58.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1457	+0.295%	$69.4M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1480	+0.351%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.025%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.209%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.133%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.206%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1469	+0.324%	$220K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1326	−0.022%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1380	+0.109%	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1355	+0.048%	$4K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1370	+0.085%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1403	+0.164%	$30K	$2K	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.1335	long leg	$200K	$66K	3x
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−0.810%	$572	$150K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0185%	1h	4.1372	+0.090%	$1.8M	$2.0M	25x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1495	+0.387%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1280	−0.133%	$12.6M	$33.1M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0242%	1h	4.1405	+0.170%	$7.4M	$34.4M	50x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1418	+0.201%	$1.4M	$7.3M	10x	as long as short
Nado NEAR-PERPshort	+0.0289%	1h	4.1340	+0.012%	$1.8M	$3.9M	10x
Pacifica NEAR	+0.0319%	1h	4.1408	+0.177%	$438K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0312%	1h	4.1348	+0.031%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1497	+0.392%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	+0.135%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.1484	+0.361%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0830%	1h	4.1421	+0.208%	$347.7M	$303.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0960%	1h	4.1414	+0.191%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1099%	1h	4.1280	−0.133%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1247%	8h	4.1470	+0.327%	$451K	$4.1M	75x	as long as short