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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.058%
Price spread now: Injective against Bitget−5.968%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 7 days+0.068%+$7 on $10k
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 −$2 a day on $10k at the current rate, and Injective is 5.968% cheaper against Bitget than usual: you would sell low and buy high (−$597 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NEARUSDT4.40380.0100pay 0.0100% / 8h4h 14m$72.3M$130.6M75x
ShortInjective NEAR/USDC PERP4.14100.0033get 0.0004% / 1h14m 53s$578$302K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: −5.968% → 0.000%
−$596.76
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$622.78
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; Injective: 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 Bitget live order book, 4 min ago0.23 bp11.2 bp −$1114.4 bp −$14429.8 bp −$2,980doesn't fit
Sell Injective no order-book sample
Injective: 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%1h4.4012−0.060%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4070+0.073%$2.2M$15.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.4104+0.150%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4131+0.211%$619K$22.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4149+0.251%$165K150xas long as short
Injective NEAR/USDC PERPshort+0.0033%1h4.1410−5.968%$578$302K12x
Popdex NEARUSDT+0.0096%1h4.4110+0.163%$113K$519K50xas long as short
Pacifica NEAR+0.0100%1h4.4133+0.216%$419K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4089+0.116%$271.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4037−0.002%$221.7M$425.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4030−0.018%$62.8M$299.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4098+0.137%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4050+0.027%$32.1M$64.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4060+0.050%$74.5M$150.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4060+0.050%$54.6M$46.2M75xas long as short
Bitget NEARUSDTlong+0.0100%8h4.4038long leg$72.3M$130.6M75x
BingX NEAR-USDC+0.0100%8h4.4060+0.050%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4137+0.225%$8.6M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4270+0.527%$266K$980K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4260+0.504%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4210+0.391%$170K$801K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4112+0.168%$244K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4154+0.263%$56K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4200+0.368%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4230+0.436%$458K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4160+0.277%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4116+0.177%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4123+0.193%$205K$40K3xas long as short
SoDEX NEAR-USD+0.0159%1h4.4055+0.039%$8K$52K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4190+0.345%$13.8M$32.9M75xas long as short
Aster NEARUSDT+0.0309%8h4.4080+0.095%$3.0M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0321% / S −0.0190%1h4.4191+0.347%$234K100xas long as short
Backpack NEAR_USDC_PERP+0.0328%1h4.4071+0.075%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0336%1h4.4164+0.286%$13K$7K10xas long as short
Hyperliquid NEAR+0.0362%1h4.4100+0.141%$363.7M$324.8M10xas long as short
Extended NEAR-USD+0.0416%1h4.3997−0.094%$3.9M$19.7M25xas long as short
Nado NEAR-PERP+0.0549%1h4.4061+0.053%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4180+0.322%$219K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0589%1h4.4088+0.114%$8.1M$39.6M50xas long as short
Lighter RH NEAR+0.0656%1h4.4144+0.241%$1.5M$7.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0724%1h4.4167+0.293%$2.0M$7.3M25xas long as short
Phoenix NEAR+0.0794%1h4.4322+0.645%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4178+0.318%$594K$1.4M10xas long as short
Lighter NEAR+0.0960%1h4.4190+0.346%$17.8M$26.5M15xas long as short
Aftermath Perps NEARUSD+0.1574%1h4.4184+0.331%$5K$12K10xas long as short