Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.093%
Price spread now: BloFin against HTX−0.069%59s7-day average −0.239% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$730.731% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.375%−$38 on $10k
Price spread, last 4 days (all we have)−0.290%−$29 · spread now −0.069%, 7d avg −0.239%
Together, before fees−0.665%−$67 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.170% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.239%. Mind the row above: over the last 7 days funding on this pair cost −0.375%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NEAR-USDT4.36300.0100pay 0.0100% / 8h3h 15m$473K$3.9M75x
ShortBloFin NEAR-USDT4.36000.0220get 0.0220% / 8h3h 15m$13.6M$32.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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

Funding earned
$25.2
Price spread: −0.069% → −0.239%
$16.98
Slippage, 4 orders
−$49.14
Fee HTX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$30.96
Costs to cover
0.731%
Break-even
15.6 days
Slippage from HTX: live order book, 4 min ago; BloFin: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 4 min ago5.74 bp16.8 bp −$1748.4 bp −$484doesn't fitdoesn't fit
Sell BloFin live order book, 9 min ago5.77 bp18.6 bp −$1921.4 bp −$21432.4 bp −$3,23680.1 bp −$40.1K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3410−0.505%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3431−0.455%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3382−0.568%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.088%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3494−0.312%$2.3M$15.9M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3450−0.413%$110K$502K50xas long as short
Binance NEARUSDT+0.0100%8h4.3430−0.458%$265.5M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3342−0.660%$214.4M$426.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3350−0.642%$61.4M$288.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3250−0.870%$246K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3406−0.513%$32.2M$61.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3450−0.413%$74.0M$146.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3450−0.413%$53.9M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3409−0.507%$71.6M$127.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3380−0.573%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.3447−0.419%$8.2M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3528−0.235%$254K$951K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3530−0.228%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3500−0.298%$167K$796K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3485−0.332%$274K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3372−0.591%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3560−0.160%$2K$1.4M20xas long as short
HTX NEAR-USDTlong+0.0100%8h4.3630long leg$473K$3.9M75x
Phemex NEARUSDT+0.0100%8h4.3520−0.252%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3435−0.448%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3515−0.264%$202K$37K3xas long as short
BloFin NEAR-USDTshort+0.0220%8h4.3600−0.069%$13.6M$32.3M75x
Pacifica NEAR+0.0263%1h4.3484−0.336%$402K$1.3M10xas long as short
Kalshi KXNEARPERP+0.0282%8h4.3490−0.321%$873K$23.4M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0324% / S −0.0198%1h4.3391−0.548%$235K100xas long as short
Aster NEARUSDT+0.0336%8h4.3440−0.435%$2.8M$5.5M50xas long as short
SoDEX NEAR-USD+0.0364%1h4.3485−0.332%$6K$53K10xas long as short
01 Exchange NEARUSD+0.0520%1h4.3520−0.252%$13K$7K10xas long as short
Nado NEAR-PERP+0.0558%1h4.3430−0.460%$1.8M$3.1M10xas long as short
Hyperliquid NEAR+0.0579%1h4.3463−0.383%$355.9M$314.3M10xas long as short
Backpack NEAR_USDC_PERP+0.0597%1h4.3520−0.252%$1.3M$6.7M20xas long as short
Extended NEAR-USD+0.0600%1h4.3452−0.408%$3.8M$20.0M25xas long as short
Arcus NEAR-USD+0.0627%1h4.3510−0.275%$214K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0709%1h4.3495−0.310%$7.6M$39.0M50xas long as short
Lighter RH NEAR+0.0920%1h4.3540−0.206%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3602−0.064%$1.8M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0946%1h4.3528−0.234%$2.0M$9.6M25xas long as short
Lighter NEAR+0.1096%1h4.3546−0.192%$17.6M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.3501−0.296%$684K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1569%1h4.3451−0.410%$5K$13K10xas long as short