Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h +0.038%

Price spread now: Arcus against BloFin+0.116%7-day average +0.066% · 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−$23as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.212%+$21 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.116%, 7d avg +0.066%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.050% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.3130	0.0333	pay 0.0333% / 8h	58m 01s	$13.4M	$31.9M	75x
Short	Arcus NEAR-USD	4.3180	0.0638	get 0.0080% / 1h	58m 01s	$227K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now +0.116%Rate

Funding earned: $64.08
Price spread: +0.116% → +0.066%: $4.98
Slippage, 4 orders: −$11.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $40.98
Costs to cover: 0.281%
Break-even: 2.5 days

Slippage from BloFin: live order book, 6 min ago; Arcus: live order book, 1 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 BloFin live order book, 6 min ago	2.31 bp	8.3 bp −$8	10.5 bp −$105	34.4 bp −$3,436	80.5 bp −$40.3K
Sell Arcus live order book, 1 min ago	3.48 bp	5.7 bp −$6	9.1 bp −$91	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	+0.053%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.058%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	+0.113%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3212	+0.191%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.988%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	+0.070%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3247	+0.271%	$218.6M	$431.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3220	+0.209%	$60.7M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	+0.047%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3227	+0.225%	$35.2M	$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	4.3250	+0.278%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3223	+0.216%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	+0.017%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3156	+0.061%	$250K	$907K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	+0.054%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	+0.046%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	+0.134%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3230	+0.232%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3310	+0.417%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	+0.220%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.301%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	+0.232%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3126	−0.009%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3222	+0.212%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3242	+0.260%	$201K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0203%	8h	4.3250	+0.278%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0209%	8h	4.3114	−0.037%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3260	+0.301%	$76.3M	$147.9M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3280	+0.348%	$263.0M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3241	+0.256%	$2.7M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3180	+0.116%	$231K	—	100x	as long as short
BloFin NEAR-USDTlong	+0.0333%	8h	4.3130	long leg	$13.4M	$31.9M	75x
Backpack NEAR_USDC_PERP	+0.0386%	1h	4.3279	+0.345%	$1.3M	$7.0M	20x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3190	+0.139%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	+0.058%	$1.6M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0483%	1h	4.3273	+0.330%	$351.3M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3230	+0.232%	$2.3M	$16.6M	50x	as long as short
Arcus NEAR-USDshort	+0.0638%	1h	4.3180	+0.116%	$227K	$1.6M	10x
Lighter NEAR	+0.0704%	1h	4.3284	+0.358%	$17.0M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3287	+0.364%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0931%	1h	4.3252	+0.283%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3130	0.000%	$406K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	+0.103%	$655K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.422%	$1.8M	$2.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3268	+0.321%	$5K	$12K	10x	as long as short