Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.010%

Price spread now: Aevo against Bybit+0.211%49s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1501.504% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.211%, 7d avg +0.044%

Together, before fees+0.009%+$1 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: Aevo is 0.167% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 49 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	Bybit NEARUSDT	4.2710	0.0100	pay 0.0100% / 8h	2h 47m	$212.1M	$423.1M	75x
Short	Aevo NEAR-PERP	4.2800	0.0104	get 0.0013% / 1h	47m 32s	$199K	$37K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.211%Rate

Funding earned: $0.84
Price spread: +0.211% → +0.044%: $16.69
Slippage, 4 orders: −$123.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$132.83
Costs to cover: 1.504%
Break-even: 1113.9 days

Slippage from Bybit: live order book, 2 min ago; Aevo: 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 Bybit live order book, 2 min ago	1.17 bp	9.4 bp −$9	14.0 bp −$140	32.4 bp −$3,236	146.0 bp −$73.0K
Sell Aevo live order book, 1 min ago	9.34 bp	62.3 bp −$62	doesn't fit	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	4.2758	+0.112%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2717	+0.017%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2740	+0.070%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.044%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2750	+0.094%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2787	+0.181%	$260.9M	$1.09B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.2710	long leg	$212.1M	$423.1M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2710	0.000%	$60.3M	$284.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.294%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2723	+0.030%	$31.9M	$59.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2760	+0.117%	$70.3M	$142.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	+0.094%	$52.8M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2721	+0.026%	$70.7M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2740	+0.070%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.275%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2870	+0.375%	$250K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.404%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2803	+0.218%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2791	+0.190%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2910	+0.468%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	+0.304%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	+0.187%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2735	+0.059%	$31K	$608	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.2800	+0.211%	$199K	$37K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.2900	+0.445%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2768	+0.136%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2802	+0.215%	$834K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0314%	1h	4.2741	+0.072%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2731	+0.049%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.2750	+0.094%	$2.8M	$5.4M	50x	as long as short
ApeX Omni NEARUSDT	+0.0347%	1h	4.2880	+0.398%	$165K	$794K	50x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.2719	+0.021%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0583%	1h	4.2755	+0.105%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.2787	+0.180%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0667%	1h	4.2780	+0.164%	$349.6M	$311.4M	10x	as long as short
01 Exchange NEARUSD	+0.0728%	1h	4.2818	+0.253%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2769	+0.138%	$7.5M	$38.7M	50x	as long as short
Lighter NEAR	+0.0768%	1h	4.2799	+0.208%	$16.7M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2790	+0.187%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2755	+0.106%	$391K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0990%	1h	4.2795	+0.199%	$1.9M	$10.8M	25x	as long as short
Lighter RH NEAR	+0.1008%	1h	4.2807	+0.227%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.382%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2767	+0.133%	$685K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1483%	1h	4.2815	+0.246%	$5K	$12K	10x	as long as short