Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.117%

Price spread now: 01 Exchange against HTX−0.331%7-day average — · you buy dearer than you sell

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

Long on HTX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. 01 Exchange is 0.331% cheaper against HTX than usual: you would sell low and buy high (spread −0.331% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 7.9 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4160	0.0100	pay 0.0100% / 8h	4h 37m	$460K	$4.0M	75x
Short	01 Exchange NEARUSD	4.4014	0.0240	get 0.0030% / 1h	37m 41s	$13K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.331%Rate

Funding earned: $29.4
Price spread: −0.331% → 0.000%: −$33.06
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$22.66
Costs to cover: 0.190%
Break-even: 12.4 days

Slippage unknown: HTX: live order book, 1 min ago; 01 Exchange: 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	6.79 bp	22.5 bp −$23	80.2 bp −$802	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	4.4161	+0.003%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4177	+0.038%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3989	−0.387%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4209	+0.111%	$607K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.024%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.227%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3990	−0.385%	$116K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4014	−0.330%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4007	−0.347%	$269.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3976	−0.417%	$221.0M	$424.6M	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	4.3980	−0.408%	$62.6M	$298.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.883%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3988	−0.389%	$31.9M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4000	−0.362%	$73.8M	$148.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4000	−0.362%	$54.7M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3972	−0.426%	$72.2M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3990	−0.385%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+0.921%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4571	+0.930%	$267K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+1.008%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4600	+0.996%	$171K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4221	+0.138%	$238K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4122	−0.086%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4290	+0.294%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4094	−0.149%	$8K	$53K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4160	long leg	$460K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4130	−0.068%	$3.8M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4001	−0.360%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4143	−0.039%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0154%	1h	4.4053	−0.242%	$363.5M	$324.6M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.3959	−0.455%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0204%	1h	4.4083	−0.174%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.068%	$13.9M	$32.9M	75x	as long as short
01 Exchange NEARUSDshort	+0.0240%	1h	4.4014	−0.331%	$13K	$7K	10x
Aster NEARUSDT	+0.0290%	8h	4.4022	−0.312%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0206%	1h	4.4132	−0.064%	$240K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0339%	1h	4.4133	−0.061%	$1.9M	$6.8M	25x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.4088	−0.163%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.4185	+0.057%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4060	−0.226%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4103	−0.129%	$8.2M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4453	+0.663%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0848%	1h	4.4072	−0.199%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4033	−0.288%	$559K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1549%	1h	4.4442	+0.639%	$6K	$12K	10x	as long as short