Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.131%

Price spread now: HTX against Popdex−0.045%7-day average +0.232% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.379%+$38 on $10k

Price spread, last 4 days (all we have)+0.373%+$37 · spread now −0.045%, 7d avg +0.232%

Together, before fees+0.752%+$75 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 0.277% cheaper against Popdex than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.232%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex NEARUSDT	4.4250	0.0096	pay 0.0012% / 1h	24m 35s	$112K	$488K	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 Popdex. 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 PopdexbpFee HTXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0.84
Price spread: −0.045% → +0.232%: −$27.75
Slippage, 4 orders: −$36.15
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$81.46
Costs to cover: 0.546%
Break-even: 685.9 days

Slippage from Popdex: live order book, 19 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 Popdex live order book, 19 min ago	3.34 bp	10.3 bp −$10	55.2 bp −$552	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	−0.143%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.201%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4186	−0.145%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.418%	$578	$301K	12x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.4250	long leg	$112K	$488K	50x
Bybit NEARUSDT	+0.0100%	8h	4.4279	+0.066%	$224.4M	$433.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4260	+0.023%	$62.8M	$296.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.226%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4263	+0.029%	$35.5M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4290	+0.090%	$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	+0.011%	$72.7M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.142%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.497%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.542%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4336	+0.194%	$294K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4318	+0.154%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4410	+0.362%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4230	−0.045%	$464K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.203%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4270	+0.046%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.498%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4335	+0.192%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4244	−0.013%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0198%	1h	4.4305	+0.124%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.4280	+0.068%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0204%	8h	4.4330	+0.181%	$80.7M	$149.0M	200x	as long as short
Binance NEARUSDT	+0.0208%	8h	4.4310	+0.136%	$270.4M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4272	+0.050%	$1.1M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0305%	8h	4.4280	+0.068%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.614%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0325%	8h	4.4330	+0.181%	$13.8M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0416%	1h	4.4378	+0.289%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4353	+0.233%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4403	+0.346%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0474%	1h	4.4328	+0.176%	$361.6M	$312.5M	10x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.4295	+0.102%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0659%	1h	4.4298	+0.109%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4336	+0.195%	$17.4M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4300	+0.113%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4336	+0.194%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.106%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1037%	1h	4.4339	+0.201%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4298	+0.108%	$423K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1256%	1h	4.4219	−0.070%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4285	+0.079%	$667K	$1.4M	10x	as long as short