Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.010%

Price spread now: Bybit against Aevo+0.088%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$2032.029% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.088%, 7d avg −0.044%

Together, before fees−0.382%−$38 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: Bybit is 0.132% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3336	0.0104	pay 0.0013% / 1h	21m 45s	$201K	$37K	3x
Short	Bybit NEARUSDT	4.3374	0.0100	get 0.0100% / 8h	3h 21m	$214.7M	$428.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$0.84
Price spread: +0.088% → −0.044%: $13.17
Slippage, 4 orders: −$175.91
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$190.58
Costs to cover: 2.029%
Break-even: never at this rate

Slippage from Aevo: live order book, 32 min ago; Bybit: live order book, 2 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, 32 min ago	85.15 bp	93.2 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.16 bp	6.8 bp −$7	13.7 bp −$137	37.1 bp −$3,712	174.0 bp −$87.0K

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	4.3274	−0.144%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3393	+0.131%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3300	−0.083%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.444%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3361	+0.058%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	−0.291%	$109K	$505K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3431	+0.220%	$266.2M	$1.09B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3374	+0.088%	$214.7M	$428.4M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	+0.032%	$61.4M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.198%	$246K	−$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	4.3364	+0.065%	$32.0M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3430	+0.217%	$73.9M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3410	+0.171%	$53.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3365	+0.067%	$71.5M	$128.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3370	+0.079%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	+0.672%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3622	+0.660%	$255K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.379%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3640	+0.702%	$168K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3298	−0.088%	$276K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3349	+0.030%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3380	+0.102%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3410	+0.171%	$471K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3300	−0.083%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3349	+0.030%	$31K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3336	long leg	$201K	$37K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−0.175%	$13.4M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3405	+0.160%	$407K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0276%	8h	4.3240	−0.221%	$873K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3269	−0.155%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.3419	+0.191%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0361%	1h	4.3305	−0.071%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3250	−0.198%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.3322	−0.032%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0591%	1h	4.3269	−0.154%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0599%	1h	4.3397	+0.141%	$355.3M	$313.8M	10x	as long as short
Extended NEAR-USD	+0.0624%	1h	4.3355	+0.045%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3400	+0.148%	$213K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3317	−0.045%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0880%	1h	4.3428	+0.212%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3721	+0.889%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3445	+0.252%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3394	+0.134%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1555%	1h	4.3415	+0.183%	$5K	$13K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1667%	1h	4.3375	+0.090%	$1.9M	$9.4M	25x	as long as short