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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRnext payment $0.67 per $10,000 · paid last 24h −0.055%
Price spread now: SoDEX against Arcus−0.035%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SoDEX is 0.035% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus NEAR-USD4.32100.0638pay 0.0080% / 1h33m 43s$226K$1.6M10x
ShortSoDEX NEAR-USD4.31950.0100get 0.0013% / 1h33m 43s$5K$50K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Arcus. 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
−$112.91
Price spread: −0.035% → 0.000%
−$3.47
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$128.88
Costs to cover
0.125%
Break-even
never at this rate
Slippage unknown: Arcus: live order book, just now; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, just now2.31 bp6.9 bp −$711.9 bp −$119doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.3183−0.062%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3168−0.096%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3182−0.064%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3165−0.104%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.166%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3200−0.023%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3198−0.028%$218.1M$430.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3160−0.116%$60.7M$291.3M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3160−0.116%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3167−0.100%$35.2M$62.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3200−0.023%$52.3M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3166−0.102%$71.4M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.3217+0.015%$8.7M$18.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.3097−0.261%$250K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3207−0.007%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3080−0.301%$164K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3216+0.014%$283K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3205−0.012%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3280+0.162%$1K$1.3M20xas long as short
SoDEX NEAR-USDshort+0.0100%1h4.3195−0.035%$5K$50K10x
Phemex NEARUSDT+0.0100%8h4.32100.000%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3178−0.073%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3150−0.138%$3.6M$17.2M25xas long as short
HTX NEAR-USDT+0.0123%8h4.3270+0.139%$461K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3202−0.018%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0183%8h4.3183−0.062%$938K$25.2M2.2xas long as short
Aster NEARUSDT+0.0189%8h4.3203−0.017%$2.7M$4.8M50xas long as short
Binance NEARUSDT+0.0189%8h4.3226+0.036%$262.4M$1.09B75xas long as short
MEXC NEAR_USDT+0.0191%8h4.32100.000%$83.3M$150.7M200xas long as short
BingX NEAR-USDC+0.0199%8h4.3170−0.093%$6.6Mas long as short
Hyperliquid NEAR+0.0222%1h4.3206−0.009%$348.6M$315.4M10xas long as short
01 Exchange NEARUSD+0.0248%1h4.3214+0.009%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0313%8h4.3190−0.046%$13.3M$31.8M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0316% / S −0.0204%1h4.3175−0.080%$233K100xas long as short
Backpack NEAR_USDC_PERP+0.0398%1h4.3216+0.014%$1.1M$7.0M20xas long as short
Nado NEAR-PERP+0.0441%1h4.3190−0.047%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3199−0.025%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0544%1h4.3258+0.111%$1.5M$6.6M10xas long as short
Arcus NEAR-USDlong+0.0638%1h4.3210long leg$226K$1.6M10x
Lighter NEAR+0.0672%1h4.3255+0.104%$17.0M$25.1M15xas long as short
Pacifica NEAR+0.0949%1h4.3208−0.004%$407K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3179−0.072%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3199−0.026%$599K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0978%1h4.3228+0.042%$1.9M$13.2M25xas long as short
Aftermath Perps NEARUSD+0.1246%1h4.3216+0.013%$5K$7K10xas long as short