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 Phemex−0.248%7-day average +0.231% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$820.822% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.636%+$64 on $10k

Price spread, last 4 days (all we have)+0.442%+$44 · spread now −0.248%, 7d avg +0.231%

Together, before fees+1.078%+$108 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 0.479% cheaper against Phemex than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.231%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.4340	0.0100	pay 0.0100% / 8h	1h 24m	$3.6M	$8.2M	50x
Short	HTX NEAR-USDT	4.4230	0.0100	get 0.0100% / 8h	1h 24m	$464K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.248%Rate

Funding earned: $0
Price spread: −0.248% → +0.231%: −$47.95
Slippage, 4 orders: −$58.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$130.18
Costs to cover: 0.822%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; HTX: live order book, 4 min ago.

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 Phemex live order book, 4 min ago	3.42 bp	22.1 bp −$22	59.3 bp −$593	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	9.10 bp	17.4 bp −$17	63.9 bp −$639	doesn't fit	doesn't fit

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	4.4187	−0.346%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.404%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4186	−0.348%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.608%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4250	−0.203%	$112K	$488K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4279	−0.138%	$224.4M	$433.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4260	−0.180%	$62.8M	$296.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.023%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4263	−0.174%	$35.5M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4290	−0.113%	$53.6M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4255	−0.192%	$72.7M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.344%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.699%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.744%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4336	−0.009%	$294K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4318	−0.050%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4410	+0.158%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4230	−0.248%	$464K	$3.9M	75x
Phemex NEARUSDTlong	+0.0100%	8h	4.4340	long leg	$3.6M	$8.2M	50x
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4270	−0.157%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.700%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4335	−0.011%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4244	−0.216%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0198%	1h	4.4305	−0.079%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.4280	−0.135%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0204%	8h	4.4330	−0.023%	$80.7M	$149.0M	200x	as long as short
Binance NEARUSDT	+0.0208%	8h	4.4310	−0.068%	$270.4M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4272	−0.153%	$1.1M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0305%	8h	4.4280	−0.135%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.816%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0325%	8h	4.4330	−0.023%	$13.8M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0416%	1h	4.4378	+0.086%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4353	+0.029%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4403	+0.142%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0474%	1h	4.4328	−0.027%	$361.6M	$312.5M	10x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.4295	−0.101%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0659%	1h	4.4298	−0.095%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4336	−0.008%	$17.4M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4300	−0.090%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4336	−0.009%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	−0.097%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1037%	1h	4.4339	−0.002%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4298	−0.095%	$423K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1256%	1h	4.4219	−0.273%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4285	−0.124%	$667K	$1.4M	10x	as long as short