Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.129%

Price spread now: HTX against Bulk+0.142%7-day average +0.248% · 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−$74as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Bulk Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.382%+$38 on $10k

Price spread, last 3 days (all we have)+0.488%+$49 · spread now +0.142%, 7d avg +0.248%

Together, before fees+0.870%+$87 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.106% cheaper against Bulk than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.248%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.2789	0.0100	pay 0.0013% / 1h	23m 59s	$244K	−$0	10x
Short	HTX NEAR-USDT	4.2850	0.0100	get 0.0100% / 8h	7h 23m	$454K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bulk. 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 BulkbpFee HTXbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.248%: −$10.6
Slippage, 4 orders: −$44.65
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.25
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from Bulk: live order book, 50 min ago; HTX: live order book, 5 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 Bulk live order book, 50 min ago	11.72 bp	15.2 bp −$15	15.2 bp −$152	34.3 bp −$3,434	65.7 bp −$32.9K
Sell HTX live order book, 5 min ago	5.83 bp	14.4 bp −$14	57.3 bp −$573	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	4.3088	+0.698%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2722	−0.157%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2779	−0.024%	$2.2M	$12.9M	50x	as long as short
Phemex NEARUSDT	−0.0055%	8h	4.2770	−0.045%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3065	+0.644%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.284%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3099	+0.723%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3006	+0.506%	$339K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3111	+0.752%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.223%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0048%	8h	4.2835	+0.107%	$217.2M	$417.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0077%	1h	4.2882	+0.217%	$1.9M	$3.5M	25x	as long as short
Gate NEAR_USDT	+0.0095%	8h	4.2901	+0.261%	$30.9M	$59.8M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3070	+0.656%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2848	+0.137%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3084	+0.689%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2855	+0.153%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	+0.688%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2897	+0.252%	$255.7M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	+0.095%	$60.5M	$279.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3080	+0.679%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.2789	long leg	$244K	−$0	10x
MEXC NEAR_USDT	+0.0100%	8h	4.3000	+0.492%	$76.6M	$140.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	−0.092%	$55.9M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2818	+0.067%	$70.9M	$124.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2870	+0.189%	—	$141.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2780	−0.023%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.103%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	+0.025%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3097	+0.719%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.960%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.069%	$5K	$52K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.2850	+0.142%	$454K	$3.7M	75x
Extended NEAR-USD	+0.0104%	1h	4.2812	+0.054%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2804	+0.034%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0161%	1h	4.2939	+0.350%	$360.6M	$300.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.679%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3113	+0.757%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.2787	−0.005%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3086	+0.693%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2935	+0.340%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3085	+0.691%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.281%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1334%	1h	4.2876	+0.202%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1888%	1h	4.2839	+0.115%	$17.1M	$24.5M	15x	as long as short