Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.094%

Price spread now: Nado against Bitget+0.059%7-day average +0.069% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.059%, 7d avg +0.069%

Together, before fees+0.165%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4409	0.0100	pay 0.0100% / 8h	2h 02m	$73.2M	$127.0M	75x
Short	Nado NEAR-PERP	4.4435	0.0381	get 0.0048% / 1h	2m 22s	$1.7M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.059%Rate

Funding earned: $59.11
Price spread: +0.059% → +0.069%: −$1.04
Slippage, 4 orders: −$17.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $21.93
Costs to cover: 0.361%
Break-even: 4.4 days

Slippage from Bitget: live order book, 2 min ago; Nado: 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 Bitget live order book, 2 min ago	0.57 bp	11.5 bp −$12	18.0 bp −$180	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	1.13 bp	7.2 bp −$7	16.2 bp −$162	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	4.4407	−0.005%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4395	−0.032%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4446	+0.084%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.753%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4430	+0.047%	$113K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4460	+0.115%	$224.0M	$424.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4450	+0.092%	$62.6M	$296.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	+0.024%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4396	−0.029%	$33.9M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4430	+0.047%	$53.5M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDTlong	+0.0100%	8h	4.4409	long leg	$73.2M	$127.0M	75x
Variational Omni NEAR	+0.0100%	8h	4.4197	−0.477%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4142	−0.601%	$258K	$965K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4433	+0.054%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4489	+0.180%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	−0.313%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	−0.088%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4320	−0.200%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4360	−0.111%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.786%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4369	−0.089%	$206K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0130%	8h	4.4490	+0.182%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0143%	8h	4.4420	+0.025%	$85.2M	$146.9M	200x	as long as short
Binance NEARUSDT	+0.0147%	8h	4.4459	+0.113%	$270.2M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4281	−0.288%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.4300	−0.245%	$13.4M	$32.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.4238	−0.385%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4444	+0.078%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0345%	8h	4.4446	+0.084%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERPshort	+0.0381%	1h	4.4435	+0.059%	$1.7M	$3.2M	10x
Extended NEAR-USD	+0.0448%	1h	4.4407	−0.005%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDT	+0.0450%	1h	4.4150	−0.583%	$167K	$803K	50x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4305	−0.234%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0690%	1h	4.4467	+0.131%	$366.0M	$311.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0697%	1h	4.4372	−0.083%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4494	+0.191%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.4321	−0.197%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4460	+0.115%	$227K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4412	+0.006%	$407K	$1.4M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.4451	+0.094%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	−0.378%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4446	+0.083%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4452	+0.096%	$691K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1239%	1h	4.4037	−0.839%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1443%	1h	4.4376	−0.074%	$2.0M	$12.1M	25x	as long as short