Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: SoDEX against Bybit−0.005%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.2922	0.0100	pay 0.0100% / 8h	6h 56m	$218.1M	$417.2M	75x
Short	SoDEX NEAR-USD	4.2920	0.0100	get 0.0013% / 1h	56m 12s	$5K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → 0.000%: −$0.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.47
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 3 min ago	1.16 bp	8.7 bp −$9	19.1 bp −$191	48.0 bp −$4,799	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.2898	−0.055%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.2929	+0.016%	$2.1M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2802	−0.280%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2828	−0.219%	$395K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2879	−0.100%	$156K	—	150x	as long as short
Variational Omni NEAR	+0.0025%	8h	4.2868	−0.125%	$8.1M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.523%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2870	−0.121%	$114K	$475K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2935	+0.030%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2917	−0.011%	$3.0M	$5.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2820	−0.237%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2944	+0.051%	$254.8M	$1.05B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.2922	long leg	$218.1M	$417.2M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2910	−0.028%	$60.5M	$275.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2840	−0.191%	$203K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3162	+0.560%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2882	−0.093%	$30.7M	$59.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2880	−0.098%	$73.3M	$136.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2940	+0.042%	$55.3M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2934	+0.028%	$71.0M	$122.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2890	−0.075%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3195	+0.637%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3258	+0.784%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	+0.718%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2926	+0.009%	$208K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2990	+0.158%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USDshort	+0.0100%	1h	4.2920	−0.005%	$5K	$51K	10x
HTX NEAR-USDT	+0.0100%	8h	4.3020	+0.228%	$436K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2950	+0.065%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2795	−0.296%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2915	−0.017%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2940	+0.042%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.075%	$13.1M	$27.5M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0220%	1h	4.2940	+0.042%	$7.9M	$37.8M	50x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.2870	−0.121%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0302%	1h	4.2878	−0.102%	$271K	—	100x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.2991	+0.161%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.627%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.2833	−0.208%	$425K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.2890	−0.075%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0542%	1h	4.2950	+0.065%	$1.9M	$4.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0752%	1h	4.2867	−0.128%	$1.3M	$5.9M	20x	as long as short
Hyperliquid NEAR	+0.0769%	1h	4.2974	+0.121%	$363.6M	$302.6M	10x	as long as short
Lighter NEAR	+0.1336%	1h	4.2987	+0.151%	$17.1M	$24.4M	15x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.3089	+0.388%	$5K	$12K	10x	as long as short