Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against Binance+0.072%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$3013.015% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.072%, 7d avg −0.017%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.090% dearer against Binance than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.017%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.2712	0.0100	pay 0.0100% / 8h	39m 10s	$253.0M	$1.07B	75x
Short	dYdX NEAR-USD	4.2743	0	get 0.0000% / 1h	39m 10s	$111K	$59K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$21
Price spread: +0.072% → −0.017%: $8.99
Slippage, 4 orders: −$281.48
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$313.49
Costs to cover: 3.015%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; dYdX: live order book, 40 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 Binance live order book, 5 min ago	1.17 bp	6.2 bp −$6	9.6 bp −$96	30.2 bp −$3,017	128.6 bp −$64.3K
Sell dYdX live order book, 40 min ago	79.83 bp	86.0 bp −$86	87.1 bp −$871	87.2 bp −$8,720	88.2 bp −$44.1K

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	4.2705	−0.016%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2738	+0.061%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.2743	+0.072%	$111K	$59K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.2792	+0.188%	$399K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2753	+0.097%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.048%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0081%	8h	4.2684	−0.065%	$218.8M	$421.9M	75x	as long as short
Variational Omni NEAR	+0.0087%	8h	4.2660	−0.122%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2740	+0.066%	$109K	$495K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2733	+0.051%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2802	+0.211%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2757	+0.107%	$402K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.2712	long leg	$253.0M	$1.07B	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2700	−0.028%	$60.9M	$285.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	+0.089%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	−0.088%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2744	+0.075%	$30.1M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2720	+0.019%	$78.2M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	+0.136%	$55.9M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2741	+0.068%	$71.0M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2740	+0.066%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2660	−0.122%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2670	−0.098%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.004%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2756	+0.104%	$198K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2762	+0.118%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2780	+0.160%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2725	+0.031%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2730	+0.043%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2727	+0.035%	$3.9M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2750	+0.090%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2756	+0.104%	$7.6M	$37.2M	50x	as long as short
01 Exchange NEARUSD	+0.0144%	1h	4.2751	+0.092%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	+0.043%	$13.0M	$30.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2760	+0.113%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.2782	+0.164%	$1.5M	$7.0M	10x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2768	+0.131%	$412K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.2795	+0.195%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0452%	1h	4.2793	+0.190%	$1.9M	$2.3M	25x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+0.012%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0764%	1h	4.2719	+0.016%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0853%	8h	4.2840	+0.300%	$459K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0972%	1h	4.2800	+0.207%	$367.7M	$298.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1189%	1h	4.2797	+0.200%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2825	+0.266%	$16.4M	$23.7M	15x	as long as short