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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.171%
Price spread now: 01 Exchange against Backpack+0.057%7-day average · you sell dearer than you buy
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 4 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.057% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack NEAR_USDC_PERP4.40360.0413pay 0.0052% / 1h26m 59s$1.4M$6.8M20x
Short01 Exchange NEARUSD4.40610.0440get 0.0055% / 1h26m 59s$13K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Backpack. 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
$5.63
Price spread: +0.057% → 0.000%
$5.68
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$5.69
Costs to cover
0.170%
Break-even
14.1 days
Slippage unknown: Backpack: live order book, 2 min ago; 01 Exchange: 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 Backpack live order book, 2 min ago1.71 bp7.4 bp −$716.6 bp −$166doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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%1h4.3933−0.234%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4037+0.002%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3910−0.285%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.963%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4090+0.123%$112K$492K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4018−0.041%$223.1M$434.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4030−0.014%$62.1M$295.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4350+0.713%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4008−0.064%$35.4M$61.5M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4030−0.014%$53.3M$46.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4017−0.043%$72.4M$127.4M75xas long as short
Variational Omni NEAR+0.0100%8h4.4217+0.412%$8.8M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.4018−0.040%$257K$914K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4010−0.059%$166K$805K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4088+0.118%$296K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4028−0.018%$59K$236K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4070+0.077%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4100+0.145%$463K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4040+0.009%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0105%8h4.4038+0.004%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0113%8h4.4260+0.509%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4045+0.020%$205K$38K3xas long as short
SoDEX NEAR-USD+0.0170%1h4.4015−0.048%$5K$52K10xas long as short
Extended NEAR-USD+0.0192%1h4.4019−0.038%$3.7M$18.4M25xas long as short
BingX NEAR-USDC+0.0194%8h4.4020−0.036%$6.7Mas long as short
MEXC NEAR_USDT+0.0200%8h4.4050+0.032%$80.0M$148.7M200xas long as short
Binance NEARUSDT+0.0201%8h4.4052+0.036%$268.8M$1.09B75xas long as short
Kalshi KXNEARPERP+0.0259%8h4.4018−0.041%$1.0M$25.0M2.2xas long as short
Aster NEARUSDT+0.0306%8h4.4024−0.027%$2.8M$5.0M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0198%1h4.3978−0.131%$234K100xas long as short
BloFin NEAR-USDT+0.0321%8h4.4060+0.055%$13.7M$32.5M75xas long as short
Backpack NEAR_USDC_PERPlong+0.0413%1h4.4036long leg$1.4M$6.8M20x
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4059+0.052%$2.3M$16.7M50xas long as short
01 Exchange NEARUSDshort+0.0440%1h4.4061+0.057%$13K$7K10x
Hyperliquid NEAR+0.0454%1h4.4053+0.039%$359.4M$314.9M10xas long as short
Nado NEAR-PERP+0.0604%1h4.4050+0.032%$1.7M$3.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0663%1h4.4001−0.079%$7.3M$38.4M50xas long as short
Lighter NEAR+0.0816%1h4.4062+0.058%$17.3M$25.2M15xas long as short
Arcus NEAR-USD+0.0880%1h4.4070+0.077%$223K$1.6M10xas long as short
Lighter RH NEAR+0.0912%1h4.4074+0.086%$1.5M$6.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0932%1h4.4042+0.014%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.1003%1h4.4297+0.593%$1.8M$2.5M10xas long as short
Pacifica NEAR+0.1187%1h4.4046+0.024%$420K$1.4M10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4026−0.022%$664K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1262%1h4.4174+0.314%$5K$12K10xas long as short