Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Polymarket Perps against Bybit+0.142%47s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$310.308% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.142%, 7d avg +0.049%

Together, before fees−0.095%−$9 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: Polymarket Perps is 0.093% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 47 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	4.2830	0.0100	pay 0.0100% / 8h	2h 26m	$213.5M	$420.4M	75x
Short	Polymarket Perps NEAR-USD	4.2891	0.0100	get 0.0013% / 1h	26m 41s	$260K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.049%: $9.3
Slippage, 4 orders: −$11.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.45
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 2 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	8.4 bp −$8	14.0 bp −$140	31.0 bp −$3,097	156.5 bp −$78.2K
Sell Polymarket Perps live order book, 2 min ago	2.33 bp	6.4 bp −$6	8.6 bp −$86	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	4.2841	+0.026%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2793	−0.086%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2818	−0.027%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.315%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2880	+0.117%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2865	+0.082%	$262.1M	$1.08B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.2830	long leg	$213.5M	$420.4M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2890	+0.140%	$60.1M	$284.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	+0.391%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2729	−0.236%	$32.3M	$60.0M	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	4.2880	+0.117%	$77.4M	$144.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2800	−0.070%	$51.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2837	+0.016%	$70.8M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2850	+0.047%	—	$143.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2878	+0.113%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2992	+0.379%	$259K	$953K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	+0.163%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.2891	+0.142%	$260K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2821	−0.021%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2880	+0.117%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3010	+0.420%	$463K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2820	−0.023%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2861	+0.072%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2839	+0.021%	$199K	$37K	3x	as long as short
ApeX Omni NEARUSDT	+0.0209%	1h	4.3020	+0.444%	$165K	$795K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.023%	$13.2M	$31.5M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2871	+0.096%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2888	+0.135%	$867K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2814	−0.036%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2840	+0.023%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0393%	1h	4.2890	+0.140%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2736	−0.220%	$3.6M	$19.7M	25x	as long as short
SoDEX NEAR-USD	+0.0560%	1h	4.2785	−0.105%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0656%	1h	4.2797	−0.077%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0679%	1h	4.2798	−0.074%	$349.9M	$310.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2778	−0.122%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0760%	1h	4.2951	+0.283%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2900	+0.163%	$215K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2840	+0.022%	$392K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.2870	+0.093%	$16.8M	$25.1M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1013%	1h	4.2821	−0.021%	$1.9M	$11.0M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	+0.376%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1128%	1h	4.2838	+0.019%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2882	+0.122%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1365%	1h	4.2895	+0.153%	$5K	$12K	10x	as long as short