Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Binance against Aevo+0.213%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1171.168% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.522%−$52 · spread now +0.213%, 7d avg +0.001%

Together, before fees−0.550%−$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.213% dearer against Aevo than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.4758	0.0104	pay 0.0013% / 1h	48m 57s	$208K	$38K	3x
Short	Binance NEARUSDT	4.4853	0.0100	get 0.0100% / 8h	5h 48m	$272.1M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.213%Rate

Funding earned: −$0.84
Price spread: +0.213% → +0.001%: $21.28
Slippage, 4 orders: −$90.85
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.41
Costs to cover: 1.168%
Break-even: never at this rate

Slippage from Aevo: live order book, 63 min ago; Binance: live order book, 3 min ago.

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 Aevo live order book, 63 min ago	8.99 bp	58.5 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.11 bp	7.6 bp −$8	14.9 bp −$149	37.2 bp −$3,716	108.6 bp −$54.3K

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0236%	1h	4.4788	+0.068%	$7.4M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4859	+0.227%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4803	+0.102%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4801	+0.097%	$842K	$26.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4768	+0.023%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.480%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4840	+0.184%	$123K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4860	+0.228%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4853	+0.213%	$272.1M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4858	+0.224%	$231.5M	$427.6M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4870	+0.251%	$64.1M	$298.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4950	+0.430%	$268K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4833	+0.168%	$39.8M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4840	+0.184%	$77.3M	$167.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4830	+0.162%	$53.2M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4838	+0.179%	$74.4M	$126.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4850	+0.206%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4874	+0.259%	$8.9M	$16.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4861	+0.231%	$265K	$869K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4810	+0.116%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4790	+0.072%	$167K	$823K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4848	+0.202%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4774	+0.036%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4900	+0.318%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4815	+0.128%	$5K	$39K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4840	+0.184%	$465K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4840	+0.184%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4826	+0.153%	$33K	$245	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4795	+0.084%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.4758	long leg	$208K	$38K	3x
Lighter NEAR	+0.0160%	1h	4.4879	+0.272%	$17.5M	$23.3M	15x	as long as short
Nado NEAR-PERP	+0.0207%	1h	4.4830	+0.162%	$1.7M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0208%	1h	4.4873	+0.258%	$361.5M	$314.7M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4820	+0.139%	$12.9M	$32.5M	75x	as long as short
01 Exchange NEARUSD	+0.0224%	1h	4.4836	+0.175%	$13K	$4K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4925	+0.374%	$263K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4870	+0.251%	$227K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.4884	+0.282%	$1.6M	$5.8M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4842	+0.188%	$633K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4833	+0.168%	$2.3M	$17.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0644%	1h	4.4795	+0.083%	$1.9M	$13.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0659%	1h	4.4878	+0.269%	$1.1M	$7.1M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4898	+0.314%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4840	+0.183%	$419K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1151%	1h	4.4857	+0.222%	$6K	$6K	10x	as long as short