Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against Orderly+0.263%7-day average +0.241% · you sell dearer than you buy

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

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.620%+$62 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.263%, 7d avg +0.241%

Together, before fees+0.528%+$53 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.023% dearer against Orderly than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.241%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.3685	0.0100	pay 0.0100% / 8h	5h 49m	$60K	$190K	20x
Short	HTX NEAR-USDT	4.3800	0.0100	get 0.0100% / 8h	5h 49m	$458K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.263%Rate

Funding earned: $0
Price spread: +0.263% → +0.241%: $2.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: 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 HTX live order book, 4 min ago	7.97 bp	23.1 bp −$23	91.9 bp −$919	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 44 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	4.3678	−0.017%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3651	−0.078%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3622	−0.144%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3747	+0.142%	$545K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3659	−0.060%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.208%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.172%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3683	−0.004%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3633	−0.119%	$264.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3648	−0.085%	$220.7M	$416.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3630	−0.126%	$62.3M	$288.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.064%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3647	−0.087%	$31.4M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3630	−0.126%	$75.2M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3670	−0.034%	$54.5M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3641	−0.101%	$71.7M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3670	−0.034%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.553%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.264%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.515%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.240%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3788	+0.236%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.3685	long leg	$60K	$190K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3700	+0.034%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3675	−0.023%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3800	+0.263%	$458K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3690	+0.011%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3644	−0.095%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3637	−0.109%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3691	+0.014%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3729	+0.102%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0231%	1h	4.3689	+0.009%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3643	−0.095%	$257K	—	100x	as long as short
Nado NEAR-PERP	+0.0378%	1h	4.3730	+0.103%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3689	+0.009%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	+0.034%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0670%	1h	4.3717	+0.073%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0705%	1h	4.3690	+0.012%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.3700	+0.034%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0786%	1h	4.3776	+0.208%	$368.8M	$304.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.593%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	−0.018%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1040%	1h	4.3733	+0.109%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1702%	1h	4.3779	+0.215%	$6K	$12K	10x	as long as short