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 +0.009%

Price spread now: Bulk against Bybit+0.401%7-day average +0.053% · 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−$13as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Bybit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.401%, 7d avg +0.053%

Together, before fees−0.049%−$5 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: Bulk is 0.348% dearer against Bybit than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3070	0.0100	pay 0.0100% / 8h	7h 01m	$220.6M	$415.8M	75x
Short	Bulk NEAR-USD	4.3243	0.0100	get 0.0013% / 1h	1m 45s	$246K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.401%Rate

Funding earned: $0
Price spread: +0.401% → +0.053%: $34.75
Slippage, 4 orders: −$29.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$13.18
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bulk: live order book, 7 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	1.16 bp	9.0 bp −$9	21.6 bp −$216	51.5 bp −$5,152	doesn't fit
Sell Bulk live order book, 7 min ago	11.59 bp	15.1 bp −$15	15.1 bp −$151	25.1 bp −$2,507	44.6 bp −$22.3K

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	4.3058	−0.028%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3095	+0.057%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3074	+0.009%	$2.1M	$13.2M	50x	as long as short
Phemex NEARUSDT	−0.0043%	8h	4.3070	0.000%	$3.8M	$8.4M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3077	+0.016%	$380K	$18.7M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3153	+0.193%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3050	−0.046%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.030%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.854%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0048%	1h	4.3125	+0.128%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3110	+0.093%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3087	+0.039%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3139	+0.161%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3190	+0.279%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3117	+0.109%	$257.5M	$1.05B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3070	long leg	$220.6M	$415.8M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3070	0.000%	$61.1M	$276.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3120	+0.116%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3243	+0.401%	$246K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3090	+0.046%	$30.9M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3110	+0.093%	$74.5M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3120	+0.116%	$55.8M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3070	0.000%	$71.3M	$122.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3080	+0.023%	—	$141.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3270	+0.464%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.664%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3140	+0.163%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3105	+0.081%	$202K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.186%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3065	−0.012%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.302%	$455K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3107	+0.087%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3080	+0.023%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3059	−0.025%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	+0.163%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0238%	1h	4.3076	+0.014%	$1.9M	$3.9M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3044	−0.061%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0422%	1h	4.3090	+0.046%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3121	+0.118%	$407K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0469%	1h	4.3141	+0.165%	$365.9M	$301.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0491%	1h	4.3139	+0.160%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.344%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3183	+0.262%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1498%	1h	4.3229	+0.370%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3184	+0.265%	$17.3M	$24.8M	15x	as long as short