Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Bitget+0.009%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.2574	0.0100	pay 0.0100% / 8h	42m 16s	$70.7M	$126.1M	75x
Short	SoDEX NEAR-USD	4.2578	0.0100	get 0.0013% / 1h	42m 16s	$5K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.94
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.06
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; SoDEX: 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 Bitget live order book, 2 min ago	0.12 bp	8.8 bp −$9	17.1 bp −$171	34.4 bp −$3,444	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	4.2533	−0.096%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2624	+0.117%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2616	+0.100%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2606	+0.075%	$418K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2613	+0.091%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.734%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0087%	8h	4.2560	−0.033%	$218.5M	$421.8M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2500	−0.174%	$108K	$496K	50x	as long as short
Variational Omni NEAR	+0.0098%	8h	4.2670	+0.225%	$7.8M	$18.0M	—	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2532	−0.098%	$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	4.2630	+0.132%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2614	+0.094%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2560	−0.033%	$252.1M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2570	−0.009%	$60.6M	$284.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2520	−0.127%	$201K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+1.001%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2604	+0.070%	$30.0M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2550	−0.056%	$77.6M	$140.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2550	−0.056%	$55.6M	$43.5M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.2574	long leg	$70.7M	$126.1M	75x
BingX NEAR-USDT	+0.0100%	8h	4.2590	+0.038%	—	$138.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	+0.304%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2699	+0.294%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.319%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2556	−0.042%	$205K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2600	+0.061%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2660	+0.202%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USDshort	+0.0100%	1h	4.2578	+0.009%	$5K	$46K	10x
Phemex NEARUSDT	+0.0100%	8h	4.2570	−0.009%	$3.8M	$8.3M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2560	−0.033%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2588	+0.033%	$205K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2587	+0.031%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0176%	1h	4.2529	−0.106%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2690	+0.272%	$13.1M	$30.7M	75x	as long as short
Lighter RH NEAR	+0.0360%	1h	4.2623	+0.115%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0313%	1h	4.2610	+0.084%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2550	−0.057%	$410K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0430%	1h	4.2747	+0.406%	$1.3M	$5.5M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0431%	1h	4.2634	+0.141%	$1.9M	$2.3M	25x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2745	+0.402%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0823%	1h	4.2535	−0.092%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0863%	8h	4.2640	+0.155%	$455K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.1051%	1h	4.2622	+0.113%	$366.2M	$299.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1189%	1h	4.2796	+0.522%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1808%	1h	4.2681	+0.252%	$16.4M	$23.7M	15x	as long as short