Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Orderly+0.009%7-day average +0.004% · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.009%, 7d avg +0.004%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.5017	0.0100	pay 0.0100% / 8h	5h 03m	$56K	$273K	20x
Short	Binance NEARUSDT	4.5021	0.0100	get 0.0100% / 8h	5h 03m	$271.5M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.004%: $0.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.55
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.11 bp	7.0 bp −$7	12.3 bp −$123	32.9 bp −$3,294	107.0 bp −$53.5K

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 exchanges

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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.5048	+0.070%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5053	+0.080%	$2K	—	20x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5037	+0.044%	$932K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5035	+0.041%	$169K	—	150x	as long as short
dYdX NEAR-USD	+0.0022%	1h	4.4867	−0.333%	$110K	$53K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.013%	$578	$301K	12x	as long as short
01 Exchange NEARUSD	+0.0088%	1h	4.5010	−0.016%	$13K	$4K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.4957	−0.134%	$17.0M	$25.2M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4990	−0.060%	$124K	$505K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5021	+0.009%	$2.7M	$4.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDTshort	+0.0100%	8h	4.5021	+0.009%	$271.5M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.5019	+0.004%	$231.3M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4990	−0.060%	$64.1M	$302.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−0.371%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4989	−0.062%	$41.0M	$63.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5030	+0.029%	$72.3M	$171.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5010	−0.016%	$54.2M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4983	−0.076%	$74.9M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5010	−0.016%	—	$74.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4853	−0.364%	$8.8M	$16.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4923	−0.209%	$266K	$864K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4999	−0.040%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4880	−0.304%	$168K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5007	−0.022%	$192K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.5017	long leg	$56K	$273K	20x
SunX NEAR-USDT	+0.0100%	8h	4.5130	+0.251%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5065	+0.107%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5120	+0.229%	$472K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5080	+0.140%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4926	−0.203%	$32K	$389	10x	as long as short
Hyperliquid NEAR	+0.0103%	1h	4.5036	+0.042%	$361.9M	$312.2M	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4955	−0.137%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5045	+0.062%	$209K	$38K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4849	−0.374%	$241K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5030	+0.029%	$12.7M	$32.7M	75x	as long as short
Lighter RH NEAR	+0.0240%	1h	4.4992	−0.056%	$1.6M	$6.1M	10x	as long as short
Nado NEAR-PERP	+0.0267%	1h	4.5000	−0.038%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5040	+0.051%	$227K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.5066	+0.108%	$651K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5100	+0.184%	$2.4M	$17.7M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0559%	1h	4.5139	+0.271%	$1.1M	$7.2M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5161	+0.320%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4975	−0.094%	$424K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0897%	1h	4.4916	−0.225%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1104%	1h	4.5104	+0.193%	$1.9M	$13.0M	25x	as long as short