Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h +0.123%

Price spread now: HTX against 01 Exchange+0.254%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. HTX is 0.254% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.254% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.3689	0.0400	pay 0.0050% / 1h	49m 24s	$13K	$7K	10x
Short	HTX NEAR-USDT	4.3800	0.0100	get 0.0100% / 8h	5h 49m	$458K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.254%Rate

Funding earned: −$63
Price spread: +0.254% → 0.000%: $25.41
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$56.59
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	7.97 bp	23.1 bp −$23	91.9 bp −$919	doesn't fit	doesn't fit

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 44 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	4.3538	−0.346%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3651	−0.087%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3622	−0.153%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3747	+0.133%	$545K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.328%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.216%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.181%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3683	−0.013%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3588	−0.231%	$264.6M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3545	−0.330%	$220.1M	$416.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	−0.387%	$62.1M	$287.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.073%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3560	−0.295%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3570	−0.272%	$75.1M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	−0.204%	$54.4M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3544	−0.332%	$71.5M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3560	−0.295%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.543%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.255%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.506%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.231%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	−0.190%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.298%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	+0.025%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3675	−0.032%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3800	+0.254%	$458K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3690	+0.002%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3644	−0.104%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3637	−0.119%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3691	+0.005%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3649	−0.092%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0231%	1h	4.3689	0.000%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3643	−0.105%	$257K	—	100x	as long as short
01 Exchange NEARUSDlong	+0.0400%	1h	4.3689	long leg	$13K	$7K	10x
Arcus NEAR-USD	+0.0410%	1h	4.3700	+0.025%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3539	−0.343%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0670%	1h	4.3717	+0.064%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0705%	1h	4.3690	+0.003%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.3700	+0.025%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0773%	1h	4.3617	−0.165%	$367.4M	$304.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.584%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	−0.027%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1040%	1h	4.3733	+0.100%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.159%	$6K	$12K	10x	as long as short