Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRnext payment $0.14 per $10,000 · paid last 24h −0.045%
Price spread now: Coinbase International against Aevo+0.255%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1621.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.229%−$23 on $10k
Price spread, last 4 days (all we have)−0.346%−$35 · spread now +0.255%, 7d avg −0.033%
Together, before fees−0.575%−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.288% dearer against Aevo than usual: you sell high and buy low (spread +0.255% now, against its 7-day average of −0.033%): +$29 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo NEAR-PERP4.43150.0104pay 0.0013% / 1h39m 26s$206K$40K3x
ShortCoinbase International NEAR-PERP-INTX4.4428−0.0008pay 0.0001% / 1h39m 26s$2.2M$15.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$23.52
Price spread: +0.255% → −0.033%
$28.82
Slippage, 4 orders
−$136.14
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$156.84
Costs to cover
1.621%
Break-even
never at this rate
Slippage from Aevo: live order book, 19 min ago; Coinbase International: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 19 min ago58.10 bp66.1 bp −$66doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago5.49 bp11.9 bp −$1220.7 bp −$207doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4137−0.401%$2K20xas long as short
Coinbase International NEAR-PERP-INTXshort−0.0008%1h4.4428+0.255%$2.2M$15.4M50x
dYdX NEAR-USD0.0000%1h4.4113−0.456%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4524+0.472%$623K$21.9M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4149−0.375%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.555%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4100−0.485%$116K$516K50xas long as short
Pacifica NEAR+0.0100%1h4.4151−0.371%$422K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4170−0.328%$270.1M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4150−0.372%$221.8M$424.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4160−0.350%$62.8M$299.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4550+0.530%$254K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4146−0.381%$32.0M$63.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4190−0.282%$74.1M$148.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4110−0.463%$54.8M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4139−0.397%$72.6M$130.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4160−0.350%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4567+0.568%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4571+0.577%$267K$976K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4605+0.655%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4600+0.643%$171K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4126−0.426%$238K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4187−0.289%$56K$220K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4390+0.169%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4242−0.165%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4340+0.056%$461K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4270−0.102%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4088−0.513%$32K$60810xas long as short
Aevo NEAR-PERPlong+0.0104%1h4.4315long leg$206K$40K3x
Hyperliquid NEAR+0.0172%1h4.4129−0.420%$364.4M$324.2M10xas long as short
Extended NEAR-USD+0.0200%1h4.4058−0.581%$4.0M$19.6M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4590+0.621%$14.1M$33.3M75xas long as short
Backpack NEAR_USDC_PERP+0.0223%1h4.4247−0.153%$1.3M$6.6M20xas long as short
01 Exchange NEARUSD+0.0240%1h4.4127−0.424%$13K$7K10xas long as short
Aster NEARUSDT+0.0293%8h4.4122−0.436%$3.0M$5.5M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0314%1h4.4320+0.011%$2.0M$6.8M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0329% / S −0.0206%1h4.4142−0.390%$239K100xas long as short
Lighter RH NEAR+0.0472%1h4.4191−0.280%$1.5M$7.2M10xas long as short
Nado NEAR-PERP+0.0562%1h4.4139−0.397%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4490+0.395%$220K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0587%1h4.4237−0.176%$8.2M$39.9M50xas long as short
Phoenix NEAR+0.0794%1h4.4453+0.311%$1.8M$2.8M10xas long as short
Lighter NEAR+0.0824%1h4.4240−0.170%$17.8M$26.2M15xas long as short
RISEx NEAR/USDC+0.0926%1h4.4133−0.411%$560K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1570%1h4.4505+0.429%$6K$12K10xas long as short