Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0297%/8h= −32.6% APRpaid last 24h −0.001%

Price spread now: Orderly against SoDEX+0.002%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 Orderly

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: −$9 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	4.3286	0.0397	pay 0.0050% / 1h	39m 35s	$8K	$49K	10x
Short	Orderly PERP_NEAR_USDC	4.3287	0.0100	get 0.0100% / 8h	3h 39m	$57K	$246K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.002%Rate

Funding earned: −$62.47
Price spread: +0.002% → 0.000%: $0.23
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$76.24
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and Orderly: 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	4.3235	−0.118%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3274	−0.028%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3238	−0.110%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.334%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3263	−0.053%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3280	−0.014%	$108K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3320	+0.079%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3272	−0.032%	$215.2M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3270	−0.037%	$61.5M	$291.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.263%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3302	+0.037%	$31.9M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3310	+0.055%	$73.0M	$144.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3340	+0.125%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3301	+0.035%	$71.2M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3300	+0.032%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.274%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3214	−0.167%	$253K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3296	+0.023%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.263%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3263	−0.053%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.3287	+0.002%	$57K	$246K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3330	+0.102%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3390	+0.240%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3300	+0.032%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3287	+0.001%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3299	+0.030%	$201K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0202%	8h	4.3267	−0.044%	$728K	$23.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3280	−0.014%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3321	+0.081%	$407K	$1.3M	10x	as long as short
Aster NEARUSDT	+0.0315%	8h	4.3315	+0.067%	$2.8M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3240	−0.106%	$231K	—	100x	as long as short
SoDEX NEAR-USDlong	+0.0397%	1h	4.3286	long leg	$8K	$49K	10x
Backpack NEAR_USDC_PERP	+0.0509%	1h	4.3350	+0.148%	$1.3M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3330	+0.102%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3350	+0.148%	$212K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0633%	1h	4.3377	+0.210%	$355.8M	$317.3M	10x	as long as short
Nado NEAR-PERP	+0.0639%	1h	4.3240	−0.106%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0688%	1h	4.3294	+0.019%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0712%	1h	4.3293	+0.017%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3393	+0.247%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0929%	1h	4.3296	+0.023%	$1.9M	$8.9M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	+0.037%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1128%	1h	4.3368	+0.190%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3333	+0.110%	$657K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.3304	+0.042%	$5K	$13K	10x	as long as short