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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h +0.058%
Price spread now: Injective against SoDEX−4.947%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 −$2 a day on $10k at the current rate, and Injective is 4.947% cheaper against SoDEX than usual: you would sell low and buy high (−$495 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-USD4.35650.0100pay 0.0013% / 1h48m 37s$5K$50K10x
ShortInjective NEAR/USDC PERP4.14100.0033get 0.0004% / 1h48m 37s$578$302K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −4.947% → 0.000%
−$494.66
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$516.68
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample
SoDEX and Injective: 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%1h4.3707+0.326%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.3541−0.055%$2.2M$14.1M50xas long as short
dYdX NEAR-USD0.0000%1h4.3708+0.328%$108K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3580+0.034%$548K$19.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3546−0.045%$197K150xas long as short
Injective NEAR/USDC PERPshort+0.0033%1h4.1410−4.947%$578$302K12x
Popdex NEARUSDT+0.0096%1h4.3770+0.471%$115K$484K50xas long as short
Pacifica NEAR+0.0100%1h4.3705+0.321%$413K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3765+0.459%$265.7M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3705+0.321%$220.9M$416.7M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3690+0.287%$62.3M$288.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3657+0.211%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3746+0.415%$31.5M$61.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3740+0.402%$75.4M$139.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3810+0.562%$54.7M$44.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3715+0.344%$71.8M$126.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3750+0.425%$144.1Mas long as short
Variational Omni NEAR+0.0100%8h4.3926+0.830%$8.5M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3800+0.540%$268K$994K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3910+0.792%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3790+0.516%$195K$778K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3744+0.411%$206K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3559−0.014%$60K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3710+0.333%$2K$1.4M20xas long as short
SoDEX NEAR-USDlong+0.0100%1h4.3565long leg$5K$50K10x
HTX NEAR-USDT+0.0100%8h4.3640+0.172%$456K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3610+0.103%$3.8M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3732+0.384%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3726+0.369%$3.8M$18.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3575+0.023%$203K$34K3xas long as short
Aster NEARUSDT+0.0193%8h4.3693+0.295%$3.0M$5.5M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0232%1h4.3575+0.023%$1.9M$4.3M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0348% / S −0.0244%1h4.3550−0.033%$255K100xas long as short
Nado NEAR-PERP+0.0385%1h4.3725+0.367%$1.9M$3.0M10xas long as short
01 Exchange NEARUSD+0.0392%1h4.3790+0.516%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.3810+0.562%$209K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0658%1h4.3688+0.282%$1.4M$6.4M20xas long as short
Kraken Futures PF_NEARUSD+0.0707%1h4.3586+0.049%$8.1M$41.0M50xas long as short
Lighter RH NEAR+0.0760%1h4.3715+0.344%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0763%1h4.3720+0.356%$368.2M$304.6M10xas long as short
Phoenix NEAR+0.0855%1h4.3944+0.870%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.3789+0.515%$552K$1.3M10xas long as short
Lighter NEAR+0.1208%1h4.3728+0.374%$17.5M$25.6M15xas long as short
Aftermath Perps NEARUSD+0.1703%1h4.3758+0.444%$6K$12K10xas long as short