Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: HTX against Arcus−0.161%7-day average +0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 3 days (all we have)+0.412%+$41 · spread now −0.161%, 7d avg +0.170%

Together, before fees+0.475%+$47 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: HTX is 0.330% cheaper against Arcus than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3560	0.0100	pay 0.0013% / 1h	36m 22s	$206K	$1.8M	10x
Short	HTX NEAR-USDT	4.3490	0.0100	get 0.0100% / 8h	6h 36m	$443K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → +0.170%: −$33.03
Slippage, 4 orders: −$29.04
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.57
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; HTX: 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 Arcus live order book, 3 min ago	3.46 bp	6.9 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	8.06 bp	15.8 bp −$16	66.0 bp −$660	doesn't fit	doesn't fit

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	4.3548	−0.027%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3375	−0.425%	$2.2M	$13.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3444	−0.267%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3314	−0.565%	$526K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3549	−0.025%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.936%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−1.037%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	−0.046%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3393	−0.383%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3485	−0.173%	$411K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3553	−0.017%	$260.2M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3531	−0.067%	$221.3M	$419.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3560	0.000%	$61.5M	$282.1M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3560	long leg	$206K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.254%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3483	−0.177%	$31.2M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3590	+0.069%	$75.7M	$138.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3560	0.000%	$56.0M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3573	+0.030%	$72.2M	$123.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3500	−0.138%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.743%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.506%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.758%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3575	+0.034%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	−0.184%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	−0.379%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3490	−0.161%	$443K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3400	−0.367%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3465	−0.218%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3474	−0.197%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3384	−0.404%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0114%	8h	4.3490	−0.161%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3416	−0.330%	$7.6M	$40.2M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.781%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3392	−0.387%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3566	+0.014%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.3510	−0.115%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3579	+0.043%	$545K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.3420	−0.321%	$1.9M	$4.1M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−0.289%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3526	−0.078%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0754%	1h	4.3628	+0.156%	$366.3M	$303.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0794%	1h	4.3446	−0.262%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1440%	1h	4.3317	−0.559%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1440%	1h	4.3561	+0.003%	$17.4M	$24.7M	15x	as long as short