Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against Bitget+0.341%46s7-day average +0.268% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.532% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.631%+$63 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.341%, 7d avg +0.268%

Together, before fees+0.680%+$68 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 0.073% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.268%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3153	0.0100	pay 0.0100% / 8h	58m 31s	$71.4M	$128.6M	75x
Short	HTX NEAR-USDT	4.3300	0.0100	get 0.0100% / 8h	58m 31s	$458K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.341%Rate

Funding earned: $0
Price spread: +0.341% → +0.268%: $7.27
Slippage, 4 orders: −$29.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.94
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; HTX: live order book, just now.

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 Bitget live order book, 6 min ago	0.69 bp	9.8 bp −$10	13.2 bp −$132	35.7 bp −$3,567	doesn't fit
Sell HTX live order book, just now	3.47 bp	12.6 bp −$13	71.2 bp −$712	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	4.3153	−0.001%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.112%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3134	−0.045%	$161K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3115	−0.089%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.039%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	+0.016%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3154	+0.002%	$218.1M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3150	−0.007%	$60.6M	$290.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.006%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3106	−0.109%	$35.1M	$61.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3130	−0.053%	$52.2M	$45.9M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3153	long leg	$71.4M	$128.6M	75x
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.036%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3156	+0.008%	$250K	$907K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	+0.001%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.007%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	+0.081%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3169	+0.037%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3250	+0.225%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3135	−0.042%	$5K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3300	+0.341%	$458K	$3.8M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3180	+0.063%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3126	−0.062%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3124	−0.067%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3165	+0.028%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0203%	8h	4.3140	−0.030%	—	$144.8M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3140	−0.030%	$76.0M	$147.7M	200x	as long as short
Kalshi KXNEARPERP	+0.0213%	8h	4.3161	+0.019%	$945K	$25.1M	2.2x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3177	+0.055%	$262.4M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3157	+0.008%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3131	−0.050%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3130	−0.053%	$13.4M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0398%	1h	4.3118	−0.081%	$1.3M	$6.9M	20x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3190	+0.086%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0414%	1h	4.3195	+0.097%	$350.7M	$315.2M	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	+0.005%	$1.6M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3190	+0.086%	$2.3M	$16.5M	50x	as long as short
Lighter NEAR	+0.0600%	1h	4.3176	+0.052%	$17.0M	$24.8M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3180	+0.063%	$227K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0701%	1h	4.3176	+0.053%	$1.9M	$13.0M	25x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3177	+0.056%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3130	−0.053%	$406K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	+0.050%	$655K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.368%	$1.8M	$2.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1290%	1h	4.3299	+0.338%	$5K	$12K	10x	as long as short