Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.143%

Price spread now: Orderly against Arcus−0.077%7-day average −0.075% · you buy dearer than you sell

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

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.314%−$31 on $10k

Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.077%, 7d avg −0.075%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3120	0.0100	pay 0.0013% / 1h	2m 19s	$204K	$1.7M	10x
Short	Orderly PERP_NEAR_USDC	4.3087	0.0098	get 0.0098% / 8h	7h 02m	$57K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.077%Rate

Funding earned: −$0.32
Price spread: −0.077% → −0.075%: −$0.18
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 2 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 Arcus live order book, 2 min ago	2.31 bp	4.9 bp −$5	12.3 bp −$123	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	4.3058	−0.144%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3095	−0.059%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3074	−0.107%	$2.1M	$13.2M	50x	as long as short
Phemex NEARUSDT	−0.0043%	8h	4.3070	−0.116%	$3.8M	$8.4M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3270	+0.348%	$382K	$18.7M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3153	+0.077%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3050	−0.162%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.146%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.966%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0048%	1h	4.3125	+0.012%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3110	−0.023%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0098%	8h	4.3087	−0.077%	$57K	$162K	20x
Aster NEARUSDT	+0.0100%	8h	4.3152	+0.075%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3190	+0.162%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3069	−0.118%	$257.0M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3070	−0.116%	$220.6M	$415.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3060	−0.139%	$61.0M	$275.8M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3120	long leg	$204K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.284%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3055	−0.151%	$30.8M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3060	−0.139%	$74.7M	$142.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3100	−0.046%	$55.9M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3066	−0.125%	$71.3M	$122.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3040	−0.186%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3270	+0.348%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.547%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3140	+0.046%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3105	−0.035%	$202K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.070%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3065	−0.128%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.186%	$455K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3107	−0.029%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3058	−0.144%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3059	−0.141%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	+0.046%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0238%	1h	4.3076	−0.102%	$1.9M	$3.9M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3044	−0.177%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0422%	1h	4.3090	−0.070%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3121	+0.002%	$407K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0464%	1h	4.3132	+0.028%	$365.9M	$301.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0492%	1h	4.3160	+0.093%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.227%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.3252	+0.306%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1498%	1h	4.3229	+0.253%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3293	+0.400%	$17.3M	$24.8M	15x	as long as short