Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0215%/8h= +23.5% APRpaid last 24h +0.029%

Price spread now: Binance against dYdX+0.138%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1511.508% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.138%, 7d avg +0.023%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.115% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3189	0	get 0.0000% / 1h	56m 26s	$106K	$68K	10x
Short	Binance NEARUSDT	4.3249	0.0215	get 0.0215% / 8h	56m 26s	$262.8M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.138%Rate

Funding earned: $45.04
Price spread: +0.138% → +0.023%: $11.47
Slippage, 4 orders: −$130.77
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.26
Costs to cover: 1.508%
Break-even: 21.6 days

Slippage from dYdX: live order book, 47 min ago; Binance: live order book, 3 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 dYdX live order book, 47 min ago	63.44 bp	68.4 bp −$68	68.4 bp −$684	113.0 bp −$11.3K	474.4 bp −$237.2K
Sell Binance live order book, 3 min ago	1.16 bp	7.7 bp −$8	12.7 bp −$127	30.3 bp −$3,034	90.1 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	4.3190	+0.001%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3189	long leg	$106K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3178	−0.025%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3187	−0.005%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.120%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	+0.118%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3238	+0.113%	$218.6M	$431.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3220	+0.071%	$60.8M	$291.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.090%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3193	+0.009%	$35.2M	$61.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3240	+0.118%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3197	+0.018%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.120%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3174	−0.036%	$250K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.083%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.091%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3248	+0.136%	$279K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3211	+0.050%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3300	+0.256%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3215	+0.060%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3310	+0.280%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	+0.094%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3187	−0.005%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3198	+0.020%	$3.6M	$17.7M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3223	+0.079%	$201K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0203%	8h	4.3210	+0.048%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0209%	8h	4.3234	+0.104%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3220	+0.071%	$76.8M	$148.0M	200x	as long as short
Binance NEARUSDTshort	+0.0215%	8h	4.3249	+0.138%	$262.8M	$1.09B	75x
Aster NEARUSDT	+0.0243%	8h	4.3230	+0.094%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3173	−0.039%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0334%	8h	4.3240	+0.118%	$13.5M	$32.0M	75x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3252	+0.145%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0405%	1h	4.3200	+0.025%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0424%	1h	4.3244	+0.127%	$1.3M	$7.0M	20x	as long as short
Hyperliquid NEAR	+0.0445%	1h	4.3267	+0.180%	$351.3M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3230	+0.094%	$2.3M	$16.6M	50x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3250	+0.141%	$228K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0699%	1h	4.3229	+0.092%	$1.9M	$13.0M	25x	as long as short
Lighter NEAR	+0.0728%	1h	4.3279	+0.207%	$17.0M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0728%	1h	4.3246	+0.131%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3202	+0.030%	$407K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3245	+0.130%	$650K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3206	+0.039%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3258	+0.159%	$5K	$12K	10x	as long as short