Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget+0.023%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now +0.023%, 7d avg +0.029%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3860	0.0100	pay 0.0100% / 8h	6h 16m	$72.2M	$126.1M	75x
Short	Phemex NEARUSDT	4.3870	0.0100	get 0.0100% / 8h	6h 16m	$3.9M	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.029%: −$0.63
Slippage, 4 orders: −$42.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$66.99
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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, 3 min ago	2.14 bp	9.8 bp −$10	17.3 bp −$173	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	4.50 bp	22.6 bp −$23	46.1 bp −$461	doesn't fit	doesn't fit

NEAR on 44 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	4.3815	−0.102%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3911	+0.116%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3856	−0.008%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3875	+0.034%	$599K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3910	+0.114%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.586%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+2.045%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3830	−0.068%	$112K	$496K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3885	+0.056%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3868	+0.019%	$266.3M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3888	+0.064%	$222.6M	$423.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3870	+0.023%	$62.5M	$290.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	+0.068%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	−0.023%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3872	+0.027%	$31.6M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3900	+0.091%	$75.3M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3900	+0.091%	$53.9M	$43.7M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3860	long leg	$72.2M	$126.1M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3890	+0.068%	—	$143.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.605%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.505%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.550%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3871	+0.025%	$208K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3929	+0.157%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3950	+0.205%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3880	+0.046%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3990	+0.296%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDTshort	+0.0100%	8h	4.3870	+0.023%	$3.9M	$8.2M	50x
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3832	−0.064%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3865	+0.011%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3923	+0.143%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3845	−0.035%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3887	+0.061%	$8.0M	$40.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0242%	1h	4.3881	+0.049%	$256K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0387%	1h	4.3957	+0.221%	$1.9M	$4.2M	25x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3838	−0.050%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.3831	−0.066%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3847	−0.029%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.661%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3924	+0.146%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0907%	1h	4.3906	+0.105%	$369.8M	$309.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0930%	1h	4.3903	+0.098%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1618%	1h	4.4191	+0.754%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1752%	1h	4.3984	+0.282%	$17.6M	$25.7M	15x	as long as short