Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8hnext payment +$1.20 per $10,000 · paid last 24h +0.038%

Price spread now: BloFin against Bybit−0.169%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.169%, 7d avg +0.038%

Together, before fees+0.554%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.207% cheaper against Bybit than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of +0.038%). If the spread goes back, that is −$21 on $10k: about 5.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.1490	0.0100	pay 0.0100% / 8h	4h 23m	$207.8M	$429.0M	75x
Short	BloFin NEAR-USDT	4.1420	0.0220	get 0.0220% / 8h	4h 23m	$12.6M	$33.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.169%Rate

Funding earned: $25.2
Price spread: −0.169% → +0.038%: −$20.67
Slippage, 4 orders: −$14.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.8
Costs to cover: 0.373%
Break-even: 16.1 days

Slippage from Bybit: live order book, 10 min ago; BloFin: live order book, 10 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, 10 min ago	1.22 bp	6.7 bp −$7	8.9 bp −$89	33.3 bp −$3,335	177.5 bp −$88.7K
Sell BloFin live order book, 10 min ago	1.22 bp	9.5 bp −$10	15.8 bp −$158	36.3 bp −$3,628	90.2 bp −$45.1K

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	4.1435	−0.133%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0024%	1h	4.1430	−0.144%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1391	−0.239%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1418	−0.174%	$432K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1456	−0.082%	$202K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1445	−0.108%	$2.1M	$12.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0064%	1h	4.1465	−0.060%	$1.8M	$2.0M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1470	−0.048%	$105K	$498K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1454	−0.087%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1445	−0.109%	$237.0M	$1.11B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDTlong	+0.0100%	8h	4.1490	long leg	$207.8M	$429.0M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1510	+0.048%	$57.2M	$287.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1440	−0.121%	$244K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1127	−0.875%	$235K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1472	−0.043%	$29.2M	$56.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1510	+0.048%	$81.9M	$145.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1470	−0.048%	$57.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1519	+0.070%	$69.6M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1500	+0.024%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.398%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.582%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.506%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.578%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1469	−0.051%	$220K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1453	−0.089%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1490	0.000%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1535	+0.108%	$5K	$45K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1460	−0.072%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1403	−0.210%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1430	−0.145%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−1.181%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1495	+0.012%	$12K	$8K	10x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.1420	−0.169%	$12.6M	$33.2M	75x
Kraken Futures PF_NEARUSD	+0.0241%	1h	4.1486	−0.011%	$7.4M	$34.5M	50x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1504	+0.034%	$1.4M	$7.3M	10x	as long as short
Nado NEAR-PERP	+0.0290%	1h	4.1435	−0.133%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1408	−0.198%	$438K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0312%	1h	4.1439	−0.123%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1497	+0.017%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	−0.239%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.1514	+0.058%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0840%	1h	4.1577	+0.210%	$349.4M	$304.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0956%	1h	4.1568	+0.188%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1083%	1h	4.1308	−0.439%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1246%	8h	4.1580	+0.217%	$452K	$4.1M	75x	as long as short