Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0481%/8h= +52.7% APRpaid last 24h +0.109%

Price spread now: Arcus against OKX+0.204%7-day average +0.061% · 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−$17as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.319%+$32 on $10k

Price spread, last 7 days−0.204%−$20 · spread now +0.204%, 7d avg +0.061%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Arcus is 0.143% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.4020	0.0100	pay 0.0100% / 8h	4h 36m	$62.5M	$299.1M	50x
Short	Arcus NEAR-USD	4.4110	0.0581	get 0.0073% / 1h	36m 01s	$221K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.204%Rate

Funding earned: $100.98
Price spread: +0.204% → +0.061%: $14.31
Slippage, 4 orders: −$17.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $83.5
Costs to cover: 0.318%
Break-even: 1.2 days

Slippage from OKX: live order book, 3 min ago; Arcus: live order book, 3 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 OKX live order book, 3 min ago	1.13 bp	10.3 bp −$10	16.9 bp −$169	39.2 bp −$3,917	doesn't fit
Sell Arcus live order book, 3 min ago	2.24 bp	5.6 bp −$6	10.8 bp −$108	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	4.3944	−0.174%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4100	+0.182%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4070	+0.114%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4100	+0.182%	$606K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3993	−0.061%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.929%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3990	−0.068%	$116K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4074	+0.122%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4056	+0.081%	$269.4M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4003	−0.039%	$221.3M	$424.8M	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-SWAPlong	+0.0100%	8h	4.4020	long leg	$62.5M	$299.1M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4550	+1.204%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4053	+0.075%	$31.9M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4090	+0.159%	$74.8M	$148.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4080	+0.136%	$54.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4017	−0.007%	$72.3M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4070	+0.114%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3977	−0.097%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4195	+0.397%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+1.329%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4150	+0.295%	$170K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4038	+0.041%	$236K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4073	+0.120%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4200	+0.409%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4085	+0.148%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.363%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4090	+0.159%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4027	+0.016%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4096	+0.174%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0151%	1h	4.4104	+0.191%	$363.7M	$324.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0202%	1h	4.4106	+0.195%	$1.3M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4057	+0.084%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4000	−0.045%	$13.8M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4060	+0.091%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0286%	8h	4.4068	+0.109%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.3985	−0.079%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.4140	+0.273%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.3950	−0.159%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USDshort	+0.0581%	1h	4.4110	+0.204%	$221K	$1.8M	10x
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4111	+0.206%	$8.1M	$39.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0658%	1h	4.4114	+0.214%	$1.9M	$6.8M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4338	+0.722%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0888%	1h	4.4160	+0.318%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4083	+0.144%	$560K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.4307	+0.652%	$6K	$12K	10x	as long as short