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−0.0047%/8h= −5.1% APRnext payment $0.47 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Binance−0.090%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.327% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 7 days+0.069%+$7 · spread now −0.090%, 7d avg −0.032%
Together, before fees+0.047%+$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 Bybit is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NEARUSDT4.45000.0147pay 0.0147% / 8h2h 02m$270.5M$1.09B75x
ShortBybit NEARUSDT4.44600.0100get 0.0100% / 8h2h 02m$223.9M$424.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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
−$9.82
Price spread: −0.090% → −0.032%
−$5.74
Slippage, 4 orders
−$11.68
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$48.24
Costs to cover
0.327%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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 Binance live order book, 12 min ago1.15 bp6.1 bp −$67.6 bp −$7632.9 bp −$3,29198.3 bp −$49.2K
Sell Bybit live order book, 2 min ago1.13 bp8.4 bp −$810.7 bp −$10728.5 bp −$2,853125.3 bp −$62.6K

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%1h4.4407−0.210%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4395−0.237%$109K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4446−0.121%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.944%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4430−0.157%$113K$497K50xas long as short
Bybit NEARUSDTshort+0.0100%8h4.4460−0.090%$223.9M$424.2M75x
OKX NEAR-USDT-SWAP+0.0100%8h4.4450−0.112%$62.7M$296.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4419−0.181%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4396−0.234%$33.9M$61.4M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4430−0.157%$53.5M$46.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4448−0.117%$73.3M$127.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.4197−0.680%$8.9M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4142−0.804%$258K$965K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4433−0.151%$273K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4489−0.025%$58K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4540+0.090%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.45000.000%$474K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4440−0.135%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4360−0.316%$32K$60810xas long as short
GRVT NEAR_USDT_Perp+0.0111%8h4.4060−0.989%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0120%1h4.4505+0.011%$207K$40K3xas long as short
BingX NEAR-USDC+0.0130%8h4.4490−0.022%$6.7Mas long as short
MEXC NEAR_USDT+0.0143%8h4.4420−0.180%$85.2M$146.9M200xas long as short
Binance NEARUSDTlong+0.0147%8h4.4500long leg$270.5M$1.09B75x
Coinbase International NEAR-PERP-INTX+0.0256%1h4.4545+0.101%$2.3M$16.5M50xas long as short
BloFin NEAR-USDT+0.0264%8h4.4300−0.449%$13.4M$32.7M75xas long as short
Kalshi KXNEARPERP+0.0312%8h4.4459−0.092%$1.1M$24.7M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0201%1h4.4444−0.126%$238K100xas long as short
Aster NEARUSDT+0.0345%8h4.4489−0.025%$2.9M$5.2M50xas long as short
Nado NEAR-PERP+0.0381%1h4.4435−0.146%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0448%1h4.4437−0.142%$3.7M$19.2M25xas long as short
ApeX Omni NEARUSDT+0.0450%1h4.4150−0.787%$167K$803K50xas long as short
SoDEX NEAR-USD+0.0497%1h4.4455−0.101%$5K$52K10xas long as short
Hyperliquid NEAR+0.0690%1h4.4467−0.074%$366.0M$311.6M10xas long as short
Backpack NEAR_USDC_PERP+0.0697%1h4.4372−0.288%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0704%1h4.4494−0.013%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0711%1h4.4456−0.098%$7.4M$39.1M50xas long as short
Arcus NEAR-USD+0.0814%1h4.4460−0.090%$227K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.4412−0.198%$407K$1.4M10xas long as short
Lighter NEAR+0.0936%1h4.4529+0.066%$17.4M$25.3M15xas long as short
Phoenix NEAR+0.1033%1h4.4241−0.582%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1112%1h4.4537+0.083%$1.5M$7.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1122%1h4.4508+0.018%$2.0M$12.1M25xas long as short
RISEx NEAR/USDC+0.1220%1h4.4452−0.109%$691K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1239%1h4.4037−1.042%$5K$12K10xas long as short