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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment $0.03 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against Aevo−0.125%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$640.635% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.125%, 7d avg +0.002%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.128% cheaper against Aevo than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo NEAR-PERP4.35190.0120pay 0.0015% / 1h10m 56s$202K$38K3x
ShortPolymarket Perps NEAR-USD4.34640.0100get 0.0013% / 1h10m 56s$277K$4.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$4.2
Price spread: −0.125% → +0.002%
−$12.76
Slippage, 4 orders
−$39.51
Fee Aevo: 8 bp × 2 orders
−$16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$80.47
Costs to cover
0.635%
Break-even
never at this rate
Slippage from Aevo: live order book, 28 min ago; Polymarket Perps: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 28 min ago10.41 bp24.5 bp −$25113.7 bp −$1,137doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 3 min ago2.29 bp7.5 bp −$89.3 bp −$93doesn't fitdoesn't fit

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%1h4.3419−0.228%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3460−0.135%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3451−0.156%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3528+0.021%$7.1M$38.2M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.845%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3440−0.180%$112K$499K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3518−0.001%$219.8M$428.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3510−0.020%$61.1M$294.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3601+0.188%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3517−0.004%$35.7M$62.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3540+0.049%$52.8M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3522+0.008%$72.0M$127.9M75xas long as short
Variational Omni NEAR+0.0100%8h4.3490−0.067%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3647+0.294%$253K$902K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3469−0.115%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3540+0.049%$166K$816K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.3464−0.125%$277K$4.1M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.3487−0.072%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3500−0.043%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3495−0.054%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3510−0.020%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3468−0.115%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3511−0.017%$3.6M$16.6M25xas long as short
Aevo NEAR-PERPlong+0.0120%1h4.3519long leg$202K$38K3x
Aster NEARUSDT+0.0127%8h4.3515−0.008%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0139%1h4.3550+0.072%$350.9M$316.1M10xas long as short
HTX NEAR-USDT+0.0153%8h4.3640+0.279%$465K$3.8M75xas long as short
MEXC NEAR_USDT+0.0159%8h4.3520+0.003%$87.8M$153.6M200xas long as short
Binance NEARUSDT+0.0159%8h4.3530+0.026%$263.6M$1.09B75xas long as short
BingX NEAR-USDT+0.0171%8h4.3520+0.003%$144.4Mas long as short
Kalshi KXNEARPERP+0.0174%8h4.3472−0.107%$981K$25.1M2.2xas long as short
01 Exchange NEARUSD+0.0232%1h4.3449−0.160%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0279%8h4.3500−0.043%$13.3M$32.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0339% / S −0.0239%1h4.3504−0.034%$252K100xas long as short
Nado NEAR-PERP+0.0388%1h4.3425−0.215%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0456%1h4.3559+0.093%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3595+0.176%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0504%1h4.3562+0.100%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0560%1h4.3576+0.133%$17.2M$25.4M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3460−0.135%$228K$1.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0854%1h4.3527+0.019%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3469−0.113%$409K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3782+0.605%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3446−0.166%$608K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1129%1h4.3533+0.033%$5K$7K10xas long as short