Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.175%

Price spread now: Coinbase International against HTX−0.224%7-day average −0.269% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.800%−$80 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.224%, 7d avg −0.269%

Together, before fees−0.953%−$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.045% dearer against HTX than usual: you sell high and buy low (spread −0.224% now, against its 7-day average of −0.269%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.800% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4620	0.0100	pay 0.0100% / 8h	5h 04m	$457K	$4.1M	75x
Short	Coinbase International NEAR-PERP-INTX	4.4520	−0.0016	pay 0.0002% / 1h	4m 00s	$2.2M	$15.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.224%Rate

Funding earned: −$24.36
Price spread: −0.224% → −0.269%: $4.47
Slippage, 4 orders: −$46.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$88.73
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Coinbase International: live order book, 5 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 HTX live order book, 5 min ago	6.62 bp	17.2 bp −$17	80.2 bp −$802	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	6.85 bp	12.0 bp −$12	18.7 bp −$187	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	4.4362	−0.578%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0016%	1h	4.4520	−0.224%	$2.2M	$15.5M	50x
dYdX NEAR-USD	0.0000%	1h	4.4468	−0.341%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4513	−0.240%	$563K	$21.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4416	−0.457%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.194%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4380	−0.538%	$115K	$516K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4495	−0.281%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4608	−0.026%	$273.7M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4587	−0.074%	$223.4M	$429.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4620	0.000%	$63.6M	$305.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4470	−0.337%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4587	−0.074%	$32.3M	$65.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4760	+0.314%	$75.6M	$150.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4620	0.000%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4685	+0.146%	$73.6M	$131.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4710	+0.202%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	−0.300%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	+0.839%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.549%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+1.569%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4400	−0.493%	$256K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4436	−0.412%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4510	−0.247%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4478	−0.318%	$8K	$53K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4620	long leg	$457K	$4.1M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4600	−0.045%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4425	−0.437%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4470	−0.336%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4674	+0.120%	$4.0M	$19.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4500	−0.269%	$14.0M	$33.4M	75x	as long as short
Aster NEARUSDT	+0.0281%	8h	4.4447	−0.388%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0235%	1h	4.4411	−0.469%	$266K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4405	−0.482%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4480	−0.314%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0481%	1h	4.4336	−0.637%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0493%	1h	4.4458	−0.363%	$1.9M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0533%	1h	4.4588	−0.072%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0691%	1h	4.4563	−0.128%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.4648	+0.063%	$1.5M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0760%	1h	4.4627	+0.016%	$370.8M	$325.8M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+1.867%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4432	−0.422%	$570K	$1.4M	10x	as long as short
Lighter NEAR	+0.1120%	1h	4.4645	+0.056%	$17.9M	$27.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1646%	1h	4.4963	+0.769%	$6K	$12K	10x	as long as short