Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h +0.093%
Price spread now: HTX against BloFin+0.186%7-day average +0.239% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$570.575% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.375%+$38 on $10k
Price spread, last 4 days (all we have)+0.173%+$17 · spread now +0.186%, 7d avg +0.239%
Together, before fees+0.548%+$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.052% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.239%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.375%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NEAR-USDT4.29800.0220pay 0.0220% / 8h3h 03m$13.4M$31.7M75x
ShortHTX NEAR-USDT4.30600.0100get 0.0100% / 8h3h 03m$461K$3.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$25.2
Price spread: +0.186% → +0.239%
−$5.24
Slippage, 4 orders
−$33.45
Fee BloFin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$87.9
Costs to cover
0.575%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; HTX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago2.31 bp8.3 bp −$812.1 bp −$12128.9 bp −$2,89378.4 bp −$39.2K
Sell HTX live order book, 1 min ago5.82 bp15.7 bp −$1655.5 bp −$555doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2969−0.026%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2873−0.250%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2940−0.093%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.653%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.2973−0.016%$2.3M$15.7M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2970−0.023%$111K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2970−0.023%$262.0M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2930−0.116%$212.5M$426.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2950−0.070%$60.8M$285.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+1.091%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2932−0.112%$31.9M$62.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2970−0.023%$73.2M$147.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2990+0.023%$53.4M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2939−0.095%$71.0M$127.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2960−0.047%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.2987+0.017%$8.1M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2977−0.008%$251K$949K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2967−0.029%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3190+0.489%$166K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3000+0.047%$268K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2977−0.007%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3010+0.070%$1K$1.4M20xas long as short
HTX NEAR-USDTshort+0.0100%8h4.3060+0.186%$461K$3.9M75x
Phemex NEARUSDT+0.0100%8h4.3010+0.070%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2905−0.175%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2994+0.034%$200K$37K3xas long as short
BloFin NEAR-USDTlong+0.0220%8h4.2980long leg$13.4M$31.7M75x
Kalshi KXNEARPERP+0.0250%8h4.2964−0.037%$777K$23.9M2.2xas long as short
Pacifica NEAR+0.0263%1h4.2925−0.127%$396K$1.3M10xas long as short
SoDEX NEAR-USD+0.0321%1h4.2955−0.058%$6K$53K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2936−0.103%$232K100xas long as short
Aster NEARUSDT+0.0331%8h4.2983+0.008%$2.8M$5.5M50xas long as short
01 Exchange NEARUSD+0.0528%1h4.2999+0.044%$13K$7K10xas long as short
Extended NEAR-USD+0.0544%1h4.2952−0.064%$3.7M$19.8M25xas long as short
Hyperliquid NEAR+0.0561%1h4.29800.000%$351.8M$313.1M10xas long as short
Nado NEAR-PERP+0.0564%1h4.2950−0.070%$1.8M$3.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0564%1h4.2977−0.007%$1.3M$6.8M20xas long as short
Arcus NEAR-USD+0.0627%1h4.2990+0.023%$211K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0717%1h4.2957−0.054%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0912%1h4.3008+0.065%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.745%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1040%1h4.3027+0.110%$17.4M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2990+0.024%$672K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1310%1h4.3010+0.070%$1.9M$10.0M25xas long as short
Aftermath Perps NEARUSD+0.1536%1h4.3090+0.257%$5K$12K10xas long as short