Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.057%

Price spread now: Nado against BloFin−0.437%7-day average −0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.437%, 7d avg −0.021%

Together, before fees+0.211%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.416% cheaper against BloFin than usual: you would sell low and buy high (spread −0.437% now, against its 7-day average of −0.021%). If the spread goes back, that is −$42 on $10k: about 5.1 days of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.4790	0.0310	pay 0.0310% / 8h	1h 39m	$13.6M	$33.0M	75x
Short	Nado NEAR-PERP	4.4594	0.0580	get 0.0073% / 1h	39m 51s	$1.7M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.437%Rate

Funding earned: $56.88
Price spread: −0.437% → −0.021%: −$41.57
Slippage, 4 orders: −$13.88
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.57
Costs to cover: 0.329%
Break-even: 9.2 days

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 4 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, 4 min ago	3.35 bp	9.3 bp −$9	11.6 bp −$116	28.9 bp −$2,891	73.6 bp −$36.8K
Sell Nado live order book, 4 min ago	0.11 bp	5.0 bp −$5	15.3 bp −$153	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	4.4558	−0.518%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	−0.326%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4563	−0.507%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.546%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	−0.335%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4446	−0.768%	$225.4M	$435.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4430	−0.804%	$62.9M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.487%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4453	−0.752%	$35.3M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4490	−0.670%	$52.7M	$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 NEARUSDT	+0.0100%	8h	4.4484	−0.683%	$73.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+0.306%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	−0.024%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	−0.112%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4607	−0.409%	$294K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4486	−0.679%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4520	−0.603%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4560	−0.514%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4460	−0.737%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4700	−0.201%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	+0.142%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4528	−0.586%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0175%	1h	4.4447	−0.766%	$5K	$53K	10x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.4470	−0.714%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0189%	8h	4.4510	−0.625%	$83.5M	$146.3M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4481	−0.689%	$270.8M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4525	−0.592%	$1.1M	$25.1M	2.2x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4464	−0.727%	$3.7M	$18.8M	25x	as long as short
BloFin NEAR-USDTlong	+0.0310%	8h	4.4790	long leg	$13.6M	$33.0M	75x
GMX NEAR/USD [ETH-USDC]	L +0.0335% / S −0.0229%	1h	4.4554	−0.527%	$256K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.4480	−0.692%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4520	−0.603%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0472%	1h	4.4667	−0.275%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0541%	1h	4.4531	−0.578%	$366.4M	$311.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0548%	1h	4.4495	−0.659%	$1.4M	$6.7M	20x	as long as short
Nado NEAR-PERPshort	+0.0580%	1h	4.4594	−0.437%	$1.7M	$3.2M	10x
Kraken Futures PF_NEARUSD	+0.0657%	1h	4.4424	−0.818%	$7.4M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4690	−0.223%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4519	−0.605%	$17.4M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0984%	1h	4.4545	−0.547%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5134	+0.768%	$1.9M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4718	−0.161%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1259%	1h	4.4754	−0.081%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4674	−0.260%	$670K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1347%	1h	4.4521	−0.601%	$1.9M	$12.4M	25x	as long as short