Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.006%

Price spread now: Bybit against 01 Exchange−0.308%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.308% cheaper against 01 Exchange than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.3173	0	get 0.0000% / 1h	49m 53s	$13K	$7K	10x
Short	Bybit NEARUSDT	4.3040	−0.0068	pay 0.0068% / 8h	7h 49m	$219.5M	$419.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.308%Rate

Funding earned: −$14.25
Price spread: −0.308% → 0.000%: −$30.81
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.05
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.16 bp	7.1 bp −$7	11.5 bp −$115	34.8 bp −$3,478	169.5 bp −$84.7K

01 Exchange: 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
Phemex NEARUSDT	−0.0899%	8h	4.3090	−0.192%	$3.9M	$8.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3115	−0.135%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3105	−0.158%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3084	−0.206%	$2.3M	$13.1M	50x	as long as short
Bybit NEARUSDTshort	−0.0068%	8h	4.3040	−0.308%	$219.5M	$419.1M	75x
dYdX NEAR-USD	0.0000%	1h	4.3138	−0.082%	$112K	$64K	10x	as long as short
01 Exchange NEARUSDlong	0.0000%	1h	4.3173	long leg	$13K	$7K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3093	−0.185%	$378K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3137	−0.083%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.428%	$7.9M	$18.6M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.084%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.030%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3100	−0.169%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3131	−0.098%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3130	−0.099%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3137	−0.084%	$404K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3079	−0.217%	$255.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3030	−0.331%	$61.2M	$281.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	−0.007%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−1.220%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3060	−0.262%	$31.1M	$58.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3080	−0.215%	$79.9M	$138.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3080	−0.215%	$56.4M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3037	−0.315%	$71.4M	$125.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3050	−0.285%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3062	−0.258%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	−0.211%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3080	−0.215%	$180K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3165	−0.019%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3220	+0.109%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3086	−0.202%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.063%	$459K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3043	−0.301%	$3.9M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3109	−0.149%	$201K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3040	−0.308%	$13.0M	$29.2M	75x	as long as short
Hyperliquid NEAR	+0.0316%	1h	4.3099	−0.171%	$367.6M	$300.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3134	−0.089%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.3126	−0.109%	$1.9M	$3.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0423%	1h	4.3122	−0.118%	$1.9M	$2.9M	25x	as long as short
Lighter RH NEAR	+0.0424%	1h	4.3141	−0.074%	$1.6M	$6.8M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3179	+0.014%	$410K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3136	−0.086%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0501%	1h	4.3109	−0.148%	$1.4M	$5.6M	20x	as long as short
Aftermath Perps NEARUSD	+0.1221%	1h	4.3031	−0.330%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2248%	1h	4.3186	+0.030%	$17.3M	$23.9M	15x	as long as short