Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.050%

Price spread now: 01 Exchange against Bitget+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.042% dearer against Bitget than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.5058	0.0100	pay 0.0100% / 8h	5h 04m	$75.1M	$127.6M	75x
Short	01 Exchange NEARUSD	4.5077	0.0080	get 0.0010% / 1h	4m 35s	$13K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$4.2
Price spread: +0.042% → 0.000%: $4.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$18.98
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.11 bp	9.9 bp −$10	13.6 bp −$136	30.1 bp −$3,015	doesn'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 exchanges

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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.4979	−0.175%	$7.3M	$37.0M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4843	−0.477%	$2K	—	20x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4928	−0.289%	$931K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4815	−0.539%	$168K	—	150x	as long as short
dYdX NEAR-USD	+0.0022%	1h	4.4867	−0.424%	$110K	$53K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.096%	$578	$301K	12x	as long as short
01 Exchange NEARUSDshort	+0.0080%	1h	4.5077	+0.042%	$13K	$4K	10x
Lighter NEAR	+0.0096%	1h	4.5045	−0.029%	$17.1M	$25.2M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5060	+0.004%	$124K	$505K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5060	+0.005%	$2.7M	$4.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.5080	+0.049%	$271.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5058	0.000%	$231.5M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5050	−0.018%	$64.3M	$302.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−0.462%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5059	+0.002%	$41.1M	$63.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5030	−0.062%	$72.4M	$171.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5040	−0.040%	$54.2M	$44.1M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.5058	long leg	$75.1M	$127.6M	75x
BingX NEAR-USDC	+0.0100%	8h	4.5080	+0.049%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4853	−0.455%	$8.8M	$16.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4891	−0.371%	$266K	$863K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4890	−0.373%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4850	−0.462%	$168K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5068	+0.022%	$192K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4969	−0.198%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4980	−0.173%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4985	−0.162%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5010	−0.107%	$471K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4990	−0.151%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5024	−0.076%	$33K	$389	10x	as long as short
Hyperliquid NEAR	+0.0101%	1h	4.5003	−0.122%	$361.6M	$312.1M	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5055	−0.006%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4968	−0.200%	$209K	$38K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4849	−0.465%	$241K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5030	−0.062%	$12.7M	$32.7M	75x	as long as short
Lighter RH NEAR	+0.0232%	1h	4.5056	−0.004%	$1.6M	$6.0M	10x	as long as short
Nado NEAR-PERP	+0.0266%	1h	4.5070	+0.027%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5100	+0.093%	$228K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4905	−0.339%	$648K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5044	−0.031%	$2.4M	$17.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0553%	1h	4.5034	−0.053%	$1.1M	$7.1M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4988	−0.155%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.5016	−0.094%	$425K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0923%	1h	4.4856	−0.448%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.5006	−0.115%	$1.9M	$13.0M	25x	as long as short