Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0780%/8h= +85.4% APRpaid last 24h +0.086%

Price spread now: Arcus against Variational Omni+0.052%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.363%+$36 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.052%, 7d avg +0.018%

Together, before fees+0.339%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Arcus is 0.034% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.3847	0.0100	pay 0.0100% / 8h	1h 13m	$8.8M	$18.7M	—
Short	Arcus NEAR-USD	4.3870	0.0880	get 0.0110% / 1h	13m 18s	$226K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.052%Rate

Funding earned: $163.76
Price spread: +0.052% → +0.018%: $3.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $162.63
Costs to cover: 0.045%
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Arcus: live order book, 1 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 Variational Omni RFQ quote, 1 min ago	3.85 bp	doesn't fit	10.5 bp −$105	28.5 bp −$2,845	doesn't fit
Sell Arcus live order book, 1 min ago	3.42 bp	5.7 bp −$6	9.5 bp −$95	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	4.3841	−0.014%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3828	−0.044%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3817	−0.069%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.559%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3850	+0.006%	$111K	$485K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3763	−0.192%	$221.8M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3750	−0.222%	$61.8M	$292.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	+0.690%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3826	−0.049%	$35.6M	$62.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3850	+0.006%	$53.1M	$45.9M	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	4.3832	−0.035%	$72.5M	$127.9M	75x	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.3847	long leg	$8.8M	$18.7M	—
edgeX NEARUSDC	+0.0100%	4h	4.3985	+0.315%	$257K	$919K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4000	+0.348%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3871	+0.054%	$289K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3859	+0.027%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3910	+0.143%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3920	+0.166%	$459K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.017%	$3.6M	$8.2M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0103%	8h	4.4010	+0.371%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.3834	−0.031%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0112%	1h	4.3817	−0.070%	$3.6M	$18.1M	25x	as long as short
SoDEX NEAR-USD	+0.0129%	1h	4.3820	−0.062%	$5K	$53K	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3855	+0.018%	$204K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3830	−0.040%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3880	+0.075%	$78.5M	$149.9M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3800	−0.109%	$266.7M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0233%	8h	4.3793	−0.124%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0287%	8h	4.3812	−0.079%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0200%	1h	4.3816	−0.072%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0334%	8h	4.3860	+0.029%	$13.5M	$32.4M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0413%	1h	4.3955	+0.246%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3988	+0.321%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3869	+0.049%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0511%	1h	4.3902	+0.125%	$358.3M	$313.4M	10x	as long as short
Nado NEAR-PERP	+0.0539%	1h	4.3831	−0.036%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0666%	1h	4.3804	−0.098%	$7.2M	$38.2M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0754%	1h	4.3857	+0.022%	$1.9M	$13.0M	25x	as long as short
Lighter NEAR	+0.0784%	1h	4.3864	+0.037%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USDshort	+0.0880%	1h	4.3870	+0.052%	$226K	$1.6M	10x
Lighter RH NEAR	+0.0888%	1h	4.3870	+0.052%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4110	+0.599%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3856	+0.021%	$419K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3861	+0.031%	$660K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1308%	1h	4.4021	+0.396%	$5K	$12K	10x	as long as short