Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: Aevo against Paradex+0.166%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.166% dearer against Paradex than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.3783	0.0102	pay 0.0102% / 8h	6h 15m	$32K	$608	10x
Short	Aevo NEAR-PERP	4.3855	0.0104	get 0.0013% / 1h	15m 02s	$204K	$34K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.166%Rate

Funding earned: $0.46
Price spread: +0.166% → 0.000%: $16.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2.99
Costs to cover: 0.200%
Break-even: 52.3 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 54 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 54 min ago	10.43 bp	21.1 bp −$21	87.6 bp −$876	doesn't fit	doesn't fit

Paradex: 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	4.3857	+0.171%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3882	+0.227%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3762	−0.047%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3803	+0.047%	$591K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3840	+0.131%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.419%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	+0.238%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	+0.086%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3815	+0.073%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3711	−0.164%	$265.3M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3697	−0.195%	$221.3M	$421.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3710	−0.166%	$62.2M	$290.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	+0.245%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	+0.154%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3684	−0.225%	$31.5M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	−0.097%	$75.0M	$143.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3860	+0.177%	$53.8M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3705	−0.177%	$71.9M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3720	−0.143%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.784%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.684%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.730%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3888	+0.241%	$210K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3836	+0.122%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3900	+0.268%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3835	+0.120%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.154%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3750	−0.074%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERPlong	+0.0102%	8h	4.3783	long leg	$32K	$608	10x
Extended NEAR-USD	+0.0104%	1h	4.3739	−0.099%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.3855	+0.166%	$204K	$34K	3x
Aster NEARUSDT	+0.0176%	8h	4.3825	+0.097%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3835	+0.119%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0343%	1h	4.3862	+0.182%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3833	+0.116%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0407%	1h	4.3860	+0.177%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3859	+0.175%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3860	+0.176%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.839%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3778	−0.010%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0901%	1h	4.3737	−0.104%	$368.4M	$309.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0912%	1h	4.3715	−0.154%	$1.5M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1638%	1h	4.4124	+0.779%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3886	+0.235%	$17.6M	$25.7M	15x	as long as short