Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h −0.009%

Price spread now: Binance against SoDEX+0.012%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Binance

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.3195	0.0100	pay 0.0013% / 1h	34m 16s	$5K	$50K	10x
Short	Binance NEARUSDT	4.3200	0.0191	get 0.0191% / 8h	34m 16s	$262.2M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $19.15
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $2.3
Costs to cover: 0.180%
Break-even: 6.2 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 10 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	1.16 bp	9.6 bp −$10	12.3 bp −$123	27.6 bp −$2,762	85.6 bp −$42.8K

SoDEX: 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	4.3183	−0.028%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3109	−0.198%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3182	−0.029%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3165	−0.069%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.132%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3200	+0.012%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3180	−0.035%	$218.0M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3170	−0.058%	$60.7M	$291.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	−0.081%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3178	−0.039%	$35.2M	$62.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3190	−0.012%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3189	−0.014%	$71.5M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3217	+0.050%	$8.7M	$18.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3097	−0.227%	$250K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3207	+0.028%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3080	−0.266%	$164K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3216	+0.049%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3205	+0.023%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.197%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USDlong	+0.0100%	1h	4.3195	long leg	$5K	$50K	10x
Phemex NEARUSDT	+0.0100%	8h	4.3210	+0.035%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3129	−0.152%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3179	−0.038%	$3.6M	$17.2M	25x	as long as short
HTX NEAR-USDT	+0.0123%	8h	4.3270	+0.174%	$461K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3202	+0.017%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0183%	8h	4.3183	−0.028%	$938K	$25.2M	2.2x	as long as short
Binance NEARUSDTshort	+0.0191%	8h	4.3200	+0.012%	$262.2M	$1.09B	75x
Aster NEARUSDT	+0.0192%	8h	4.3192	−0.007%	$2.7M	$4.8M	50x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.3200	+0.012%	$83.3M	$150.7M	200x	as long as short
BingX NEAR-USDC	+0.0199%	8h	4.3190	−0.012%	—	$6.7M	—	as long as short
Hyperliquid NEAR	+0.0222%	1h	4.3226	+0.072%	$348.7M	$315.4M	10x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.3214	+0.044%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0313%	8h	4.3190	−0.012%	$13.3M	$31.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0204%	1h	4.3175	−0.045%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0397%	1h	4.3187	−0.019%	$1.1M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0441%	1h	4.3190	−0.013%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3199	+0.009%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0544%	1h	4.3244	+0.113%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3200	+0.012%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0672%	1h	4.3251	+0.130%	$17.0M	$25.1M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3118	−0.179%	$406K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3179	−0.037%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3199	+0.009%	$599K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0978%	1h	4.3228	+0.076%	$1.9M	$13.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1246%	1h	4.3216	+0.048%	$5K	$7K	10x	as long as short