Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.042%

Price spread now: Coinbase International against Orderly+0.105%7-day average −0.028% · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.105%, 7d avg −0.028%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.132% dearer against Orderly than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.028%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.3027	0.0100	pay 0.0100% / 8h	3h 06m	$57K	$246K	20x
Short	Coinbase International NEAR-PERP-INTX	4.3072	0.0056	get 0.0007% / 1h	6m 13s	$2.3M	$15.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$9.24
Price spread: +0.105% → −0.028%: $13.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.99
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	6.13 bp	13.8 bp −$14	18.3 bp −$183	doesn't fit	doesn't fit

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	4.2987	−0.092%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3132	+0.245%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2980	−0.109%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.758%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0056%	1h	4.3072	+0.105%	$2.3M	$15.8M	50x
Popdex NEARUSDT	+0.0096%	1h	4.3000	−0.063%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3033	+0.014%	$262.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2998	−0.067%	$212.7M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3000	−0.063%	$60.8M	$285.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.981%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2988	−0.091%	$32.0M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3040	+0.030%	$73.6M	$147.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3020	−0.016%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3000	−0.063%	$71.0M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3000	−0.063%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	+0.511%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+0.272%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.416%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	+0.239%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3039	+0.028%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.3027	long leg	$57K	$246K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.146%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.170%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	−0.040%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3121	+0.218%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3037	+0.023%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.425%	$13.5M	$31.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0261%	8h	4.3104	+0.179%	$869K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3169	+0.330%	$398K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2971	−0.131%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0333%	1h	4.2995	−0.074%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3030	+0.007%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3171	+0.335%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.2984	−0.100%	$3.8M	$19.8M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3017	−0.023%	$1.9M	$9.9M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3029	+0.005%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0567%	1h	4.3016	−0.026%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0580%	1h	4.3043	+0.037%	$352.5M	$312.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3160	+0.309%	$212K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2990	−0.086%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3067	+0.093%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.690%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1072%	1h	4.3079	+0.121%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3148	+0.281%	$670K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1589%	1h	4.3223	+0.456%	$5K	$12K	10x	as long as short