Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0527%/8h= −57.8% APRpaid last 24h −0.105%

Price spread now: OKX against Arcus−0.023%7-day average −0.062% · 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−$24as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.326%−$33 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.023%, 7d avg −0.062%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.039% dearer against Arcus than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.062%): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3160	0.0627	pay 0.0078% / 1h	6m 46s	$212K	$1.6M	10x
Short	OKX NEAR-USDT-SWAP	4.3150	0.0100	get 0.0100% / 8h	3h 06m	$61.0M	$286.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$110.76
Price spread: −0.023% → −0.062%: $3.86
Slippage, 4 orders: −$13.85
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$135.25
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; OKX: 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 Arcus live order book, 2 min ago	2.31 bp	5.7 bp −$6	12.3 bp −$123	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.16 bp	8.0 bp −$8	12.9 bp −$129	32.2 bp −$3,224	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	4.3172	+0.029%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3132	−0.064%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3150	−0.023%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.055%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3234	+0.171%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3200	+0.093%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3180	+0.046%	$263.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3128	−0.074%	$213.4M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3150	−0.023%	$61.0M	$286.7M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.670%	$248K	−$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	4.3154	−0.014%	$32.1M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3180	+0.046%	$74.0M	$146.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	+0.046%	$53.5M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3135	−0.058%	$71.2M	$127.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3160	0.000%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	+0.202%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	−0.037%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.106%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	−0.070%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3210	+0.116%	$270K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3191	+0.072%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.278%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	+0.278%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3200	+0.093%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3121	−0.091%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3195	+0.081%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.116%	$13.5M	$31.9M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3169	+0.021%	$398K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0264%	8h	4.3199	+0.090%	$869K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3152	−0.019%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3170	+0.023%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0335%	1h	4.3175	+0.035%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3256	+0.222%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0559%	1h	4.3158	−0.006%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.3164	+0.009%	$3.8M	$19.8M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.3191	+0.072%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0583%	1h	4.3195	+0.081%	$353.8M	$312.5M	10x	as long as short
Arcus NEAR-USDlong	+0.0627%	1h	4.3160	long leg	$212K	$1.6M	10x
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.3179	+0.043%	$7.6M	$38.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0816%	1h	4.3198	+0.088%	$1.9M	$9.9M	25x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3210	+0.116%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.380%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1072%	1h	4.3226	+0.154%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3230	+0.163%	$671K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1581%	1h	4.3250	+0.210%	$5K	$12K	10x	as long as short