Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Orderly against Aevo−0.013%7-day average −0.003% · you buy dearer than you sell

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

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.013%, 7d avg −0.003%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.4193	0.0104	pay 0.0013% / 1h	39m 14s	$205K	$40K	3x
Short	Orderly PERP_NEAR_USDC	4.4187	0.0100	get 0.0100% / 8h	4h 39m	$56K	$220K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.013%Rate

Funding earned: −$0.84
Price spread: −0.013% → −0.003%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$23.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 20 min ago; Orderly: no order-book sample. 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 Aevo live order book, 20 min ago	58.10 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.4137	−0.125%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4077	−0.261%	$2.2M	$15.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4113	−0.180%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4180	−0.028%	$599K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.099%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.296%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4100	−0.209%	$116K	$516K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4151	−0.095%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4157	−0.081%	$270.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4090	−0.232%	$221.5M	$424.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4080	−0.255%	$62.8M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.809%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4146	−0.105%	$32.0M	$63.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4150	−0.096%	$74.0M	$148.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4110	−0.187%	$54.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4157	−0.080%	$72.6M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4160	−0.074%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+0.847%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4571	+0.856%	$267K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+0.933%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4600	+0.922%	$171K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4126	−0.151%	$238K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.4187	−0.013%	$56K	$220K	20x
SunX NEAR-USDT	+0.0100%	8h	4.4260	+0.153%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4165	−0.062%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.017%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4220	+0.062%	$3.9M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4088	−0.237%	$32K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.4193	long leg	$205K	$40K	3x
Hyperliquid NEAR	+0.0172%	1h	4.4129	−0.144%	$364.4M	$324.2M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4149	−0.099%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	−0.006%	$13.9M	$32.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0223%	1h	4.4247	+0.123%	$1.3M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4127	−0.148%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0293%	8h	4.4148	−0.100%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.4142	−0.114%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0464%	1h	4.4197	+0.010%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0543%	1h	4.4181	−0.026%	$2.0M	$6.8M	25x	as long as short
Nado NEAR-PERP	+0.0562%	1h	4.4139	−0.121%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4490	+0.673%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4163	−0.068%	$8.2M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4453	+0.589%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0848%	1h	4.4200	+0.017%	$17.8M	$26.2M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4133	−0.135%	$560K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1570%	1h	4.4505	+0.707%	$6K	$12K	10x	as long as short