Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%

Price spread now: Orderly against HTX−0.187%7-day average −0.240% · you buy dearer than you sell

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.620%−$62 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now −0.187%, 7d avg −0.240%

Together, before fees−0.715%−$72 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: Orderly is 0.052% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.240%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4340	0.0100	pay 0.0100% / 8h	5h 28m	$461K	$3.9M	75x
Short	Orderly PERP_NEAR_USDC	4.4257	0.0100	get 0.0100% / 8h	5h 28m	$61K	$195K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → −0.240%: $5.24
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.76
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Orderly: 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 HTX live order book, 1 min ago	6.76 bp	18.0 bp −$18	64.6 bp −$646	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	4.4257	−0.187%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4291	−0.111%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4269	−0.160%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4345	+0.011%	$589K	$19.8M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4295	−0.101%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4268	−0.162%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.608%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	−0.090%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4277	−0.143%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4319	−0.048%	$269.0M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4298	−0.095%	$222.5M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4280	−0.135%	$63.5M	$293.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.182%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4300	−0.090%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4320	−0.045%	$76.6M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4310	−0.068%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4293	−0.106%	$73.0M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4320	−0.045%	—	$145.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.347%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.310%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.361%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.406%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4310	−0.068%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.4257	−0.187%	$61K	$195K	20x
SunX NEAR-USDT	+0.0100%	8h	4.4310	−0.068%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4280	−0.135%	$5K	$51K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4340	long leg	$461K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4270	−0.158%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4255	−0.191%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4243	−0.220%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	−0.113%	$206K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.406%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0242%	8h	4.4320	−0.046%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4279	−0.137%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.4292	−0.108%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.4275	−0.147%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4310	−0.068%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0550%	1h	4.4349	+0.020%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4280	−0.135%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0703%	1h	4.4352	+0.027%	$369.2M	$309.2M	10x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4377	+0.083%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.277%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4321	−0.043%	$554K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.4332	−0.017%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1655%	1h	4.4295	−0.101%	$6K	$12K	10x	as long as short