Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%

Price spread now: Popdex against Paradex−0.009%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.3004	0.0100	pay 0.0100% / 8h	6h 57m	$31K	$608	10x
Short	Popdex NEARUSDT	4.3000	0.0096	get 0.0012% / 1h	57m 30s	$115K	$474K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$0.92
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$12.26
Costs to cover: 0.104%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Popdex: live order book, 11 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 Popdex live order book, 11 min ago	1.16 bp	6.4 bp −$6	55.5 bp −$555	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 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	4.2914	−0.209%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3185	+0.421%	$2.2M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2982	−0.052%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3241	+0.551%	$392K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3165	+0.374%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.108%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.707%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0069%	8h	4.3180	+0.409%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.3000	−0.009%	$115K	$474K	50x
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3189	+0.430%	$57K	$162K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.3151	+0.342%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3043	+0.089%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3008	+0.008%	$256.8M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2935	−0.161%	$218.5M	$417.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2920	−0.195%	$60.6M	$275.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3060	+0.130%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3162	+0.368%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3003	−0.002%	$30.8M	$59.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3050	+0.107%	$75.2M	$135.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3100	+0.223%	$55.5M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2939	−0.151%	$71.1M	$122.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3030	+0.060%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3195	+0.445%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3258	+0.592%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	+0.525%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2979	−0.058%	$208K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.595%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3165	+0.374%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.456%	$451K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERPlong	+0.0100%	8h	4.3004	long leg	$31K	$608	10x
Extended NEAR-USD	+0.0104%	1h	4.2997	−0.016%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3170	+0.386%	$201K	$31K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3211	+0.482%	$7.9M	$37.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.595%	$13.2M	$27.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0283%	1h	4.3185	+0.421%	$1.9M	$4.0M	25x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3001	−0.007%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0308%	1h	4.3158	+0.359%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.2959	−0.105%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3152	+0.344%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.435%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3053	+0.114%	$428K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0811%	1h	4.3005	+0.002%	$364.2M	$302.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0918%	1h	4.3221	+0.505%	$1.3M	$5.9M	20x	as long as short
Lighter NEAR	+0.1312%	1h	4.3194	+0.441%	$17.3M	$24.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.1489%	1h	4.3224	+0.512%	$5K	$12K	10x	as long as short