Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0269%/8h= −29.5% APRpaid last 24h +0.045%

Price spread now: HTX against Nado+0.244%7-day average +0.256% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.291%+$29 on $10k

Price spread, last 4 days (all we have)+1.238%+$124 · spread now +0.244%, 7d avg +0.256%

Together, before fees+1.529%+ Points / potential airdropNado: Active · farm board+$153 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.256%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.291%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.4890	0.0369	pay 0.0046% / 1h	25m 09s	$1.9M	$3.1M	10x
Short	HTX NEAR-USDT	4.5000	0.0100	get 0.0100% / 8h	5h 25m	$469K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.244%Rate

Funding earned: −$56.53
Price spread: +0.244% → +0.256%: −$1.25
Slippage, 4 orders: −$44.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$121.69
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; HTX: live order book, 4 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 Nado live order book, 4 min ago	1.92 bp	7.1 bp −$7	15.0 bp −$150	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	6.76 bp	25.0 bp −$25	83.9 bp −$839	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	4.4902	+0.025%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4923	+0.072%	$2.2M	$14.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4836	−0.121%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4876	−0.032%	$659K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4922	+0.070%	$207K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.753%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4900	+0.021%	$117K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4834	−0.125%	$423K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4970	+0.177%	$273.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4928	+0.084%	$226.3M	$420.2M	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	4.4920	+0.066%	$64.5M	$299.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−1.047%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4942	+0.115%	$32.6M	$63.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4980	+0.199%	$77.8M	$143.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4960	+0.155%	$56.3M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4940	+0.110%	$74.0M	$127.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4970	+0.177%	—	$145.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	−0.679%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	−1.248%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	−1.005%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4320	−1.271%	$173K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4943	+0.117%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4901	+0.023%	$62K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4960	+0.155%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4910	+0.043%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.5000	+0.244%	$469K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4900	+0.021%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4879	−0.026%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4861	−0.066%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4920	+0.065%	$209K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4950	+0.133%	$13.9M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0247%	8h	4.4960	+0.155%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4979	+0.197%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.4916	+0.057%	$265K	—	100x	as long as short
Nado NEAR-PERPlong	+0.0369%	1h	4.4890	long leg	$1.9M	$3.1M	10x
Arcus NEAR-USD	+0.0410%	1h	4.4970	+0.177%	$214K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.5018	+0.284%	$1.4M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0641%	1h	4.4953	+0.139%	$2.0M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0670%	1h	4.5013	+0.273%	$374.6M	$310.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0685%	1h	4.4952	+0.138%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.5016	+0.280%	$1.7M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	−0.003%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4968	+0.172%	$543K	$1.3M	10x	as long as short
Lighter NEAR	+0.1264%	1h	4.5026	+0.301%	$18.0M	$26.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1573%	1h	4.4432	−1.022%	$6K	$12K	10x	as long as short