Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0780%/8h= +85.4% APRpaid last 24h +0.074%

Price spread now: Arcus against Bitget+0.533%60s7-day average +0.067% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.309% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.344%+$34 on $10k

Price spread, last 7 days−0.506%−$51 · spread now +0.533%, 7d avg +0.067%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Arcus is 0.466% dearer against Bitget than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.067%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4652	0.0100	pay 0.0100% / 8h	1h 47m	$74.0M	$126.4M	75x
Short	Arcus NEAR-USD	4.4890	0.0880	get 0.0110% / 1h	47m 37s	$228K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now +0.533%Rate

Funding earned: $163.76
Price spread: +0.533% → +0.067%: $46.62
Slippage, 4 orders: −$14.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $179.49
Costs to cover: 0.309%
Break-even: from the start

Slippage from Bitget: live order book, 1 min ago; Arcus: live order book, 1 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 Bitget live order book, 1 min ago	1.67 bp	10.0 bp −$10	13.8 bp −$138	37.6 bp −$3,757	doesn't fit
Sell Arcus live order book, 1 min ago	2.23 bp	5.6 bp −$6	21.2 bp −$212	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	4.4806	+0.346%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4641	−0.024%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4789	+0.307%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.261%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4670	+0.040%	$110K	$495K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4685	+0.074%	$229.7M	$428.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4660	+0.018%	$62.9M	$298.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.640%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4645	−0.016%	$34.8M	$60.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4810	+0.354%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDTlong	+0.0100%	8h	4.4652	long leg	$74.0M	$126.4M	75x
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.189%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4914	+0.587%	$262K	$966K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4869	+0.486%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4834	+0.408%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4880	+0.511%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4900	+0.555%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4810	+0.354%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4682	+0.066%	$32K	$585	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4855	+0.455%	$209K	$40K	3x	as long as short
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4641	−0.024%	$1.5M	$1.5M	10x	as long as short
BingX NEAR-USDT	+0.0176%	8h	4.4670	+0.040%	—	$143.8M	—	as long as short
MEXC NEAR_USDT	+0.0181%	8h	4.4680	+0.063%	$85.9M	$145.0M	200x	as long as short
Binance NEARUSDT	+0.0181%	8h	4.4670	+0.040%	$271.2M	$1.09B	75x	as long as short
ApeX Omni NEARUSDT	+0.0253%	1h	4.4940	+0.645%	$169K	$805K	50x	as long as short
SoDEX NEAR-USD	+0.0279%	1h	4.4825	+0.387%	$5K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0296%	8h	4.4950	+0.667%	$13.7M	$33.2M	75x	as long as short
Kalshi KXNEARPERP	+0.0303%	8h	4.4855	+0.455%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4797	+0.325%	$240K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4709	+0.127%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0368%	1h	4.4663	+0.024%	$3.7M	$18.9M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.5100	+1.003%	$2.3M	$16.6M	50x	as long as short
Nado NEAR-PERP	+0.0496%	1h	4.4815	+0.365%	$1.8M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0544%	1h	4.4684	+0.072%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0617%	1h	4.4832	+0.403%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4808	+0.349%	$7.4M	$38.3M	50x	as long as short
Hyperliquid NEAR	+0.0688%	1h	4.4837	+0.414%	$369.0M	$308.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0866%	1h	4.4855	+0.455%	$2.0M	$12.3M	25x	as long as short
Arcus NEAR-USDshort	+0.0880%	1h	4.4890	+0.533%	$228K	$1.6M	10x
Lighter NEAR	+0.0976%	1h	4.4760	+0.242%	$17.6M	$24.7M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.782%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1040%	1h	4.4702	+0.112%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4712	+0.135%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1197%	1h	4.4609	−0.096%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4667	+0.033%	$678K	$1.4M	10x	as long as short