Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0164%/8h= −18.0% APRnext payment $0.21 per $10,000 · paid last 24h −0.047%
Price spread now: Coinbase International against SoDEX−0.023%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.023% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.38300.0100pay 0.0013% / 1h33m 54s$5K$51K10x
ShortCoinbase International NEAR-PERP-INTX4.3820−0.0064pay 0.0008% / 1h33m 54s$2.2M$13.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$34.44
Price spread: −0.023% → 0.000%
−$2.28
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$54.72
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Coinbase International live order book, 5 min ago6.12 bp11.3 bp −$1117.8 bp −$178doesn't fitdoesn't fit
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 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3914+0.192%$2K20xas long as short
Coinbase International NEAR-PERP-INTXshort−0.0064%1h4.3820−0.023%$2.2M$13.8M50x
dYdX NEAR-USD0.0000%1h4.3833+0.007%$108K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3848+0.041%$542K$19.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3909+0.180%$203K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.521%$578$302K12xas long as short
Variational Omni NEAR+0.0052%8h4.3548−0.643%$8.3M$19.1Mas long as short
Popdex NEARUSDT+0.0096%1h4.3840+0.023%$117K$479K50xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3869+0.089%$59K$163K20xas long as short
Pacifica NEAR+0.0100%1h4.3870+0.091%$415K$1.2M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.3880+0.114%$262.2M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3848+0.041%$223.1M$419.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3850+0.046%$62.0M$285.3M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3870+0.091%$208K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3449−0.868%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3866+0.082%$31.6M$61.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3850+0.046%$76.2M$138.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3880+0.114%$56.2M$42.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3850+0.046%$72.5M$124.0M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3880+0.114%$142.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.3236−1.355%$260K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3339−1.119%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3400−0.981%$180K$775K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3926+0.219%$215K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3910+0.183%$2K$1.4M20xas long as short
SoDEX NEAR-USDlong+0.0100%1h4.3830long leg$5K$51K10x
HTX NEAR-USDT+0.0100%8h4.4050+0.502%$455K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3840+0.023%$3.9M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3840+0.023%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3843+0.031%$3.9M$17.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3881+0.116%$204K$34K3xas long as short
Aster NEARUSDT+0.0129%8h4.3910+0.183%$3.1M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0216%1h4.3852+0.051%$7.7M$40.3M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0361% / S −0.0278%1h4.3901+0.162%$263K100xas long as short
01 Exchange NEARUSD+0.0376%1h4.3874+0.100%$13K$7K10xas long as short
Nado NEAR-PERP+0.0409%1h4.3885+0.125%$1.9M$3.1M10xas long as short
RISEx NEAR/USDC+0.0509%1h4.3870+0.091%$547K$1.3M10xas long as short
Phoenix NEAR+0.0592%1h4.3434−0.903%$1.8M$2.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0594%1h4.3884+0.123%$1.9M$4.1M25xas long as short
Lighter RH NEAR+0.0696%1h4.3900+0.160%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0784%1h4.3935+0.240%$368.7M$303.9M10xas long as short
Backpack NEAR_USDC_PERP+0.0839%1h4.3915+0.194%$1.4M$6.0M20xas long as short
Aftermath Perps NEARUSD+0.1427%1h4.3483−0.792%$5K$12K10xas long as short
Lighter NEAR+0.1480%1h4.3941+0.254%$17.5M$24.8M15xas long as short