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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.004%
Price spread now: 01 Exchange against Bulk−1.095%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. 01 Exchange is 1.095% cheaper against Bulk than usual: you would sell low and buy high (spread −1.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$110 on $10k: about 48 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk NEAR-USD4.30000.0100pay 0.0013% / 1h42m 03s$245K$2K10x
Short01 Exchange NEARUSD4.25290.0176get 0.0022% / 1h42m 03s$12K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Bulk. 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
$15.96
Price spread: −1.095% → 0.000%
−$109.53
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$107.57
Costs to cover
0.140%
Break-even
54.2 days
Slippage unknown: Bulk: live order book, 37 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 37 min ago11.83 bp15.3 bp −$1515.3 bp −$15315.3 bp −$1,53331.0 bp −$15.5K
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2533−1.086%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2624−0.874%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2616−0.892%$110K$59K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2606−0.916%$418K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2613−0.901%$203K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.698%$578$302K12xas long as short
Bybit NEARUSDT+0.0087%8h4.2548−1.051%$218.3M$421.4M75xas long as short
Popdex NEARUSDT+0.0096%1h4.2500−1.163%$108K$496K50xas long as short
Variational Omni NEAR+0.0098%8h4.2670−0.768%$7.8M$18.0Mas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2532−1.088%$31K$64710xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NEARUSDT+0.0100%8h4.2581−0.974%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2614−0.898%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2590−0.953%$252.3M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2550−1.047%$60.6M$284.1M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2520−1.116%$201K$1.8M10xas long as short
Bulk NEAR-USDlong+0.0100%1h4.3000long leg$245K$2K10x
Gate NEAR_USDT+0.0100%8h4.2555−1.035%$30.0M$59.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2560−1.023%$77.6M$140.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2630−0.860%$55.8M$43.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2572−0.995%$70.7M$126.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2570−1.000%$138.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.2703−0.690%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2699−0.699%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2710−0.674%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2556−1.033%$205K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2600−0.930%$56K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2660−0.791%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2578−0.981%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2570−1.000%$3.8M$8.3M50xas long as short
Extended NEAR-USD+0.0104%1h4.2560−1.023%$4.0M$15.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2588−0.958%$205K$62K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2587−0.960%$7.4M$36.9M50xas long as short
01 Exchange NEARUSDshort+0.0176%1h4.2529−1.095%$12K$7K10x
BloFin NEAR-USDT+0.0220%8h4.2690−0.721%$13.1M$30.7M75xas long as short
Lighter RH NEAR+0.0360%1h4.2623−0.877%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0373% / S −0.0313%1h4.2610−0.907%$272K100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2550−1.047%$410K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0421%1h4.2607−0.914%$1.3M$5.5M20xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0431%1h4.2634−0.851%$1.9M$2.3M25xas long as short
Phoenix NEAR+0.0463%1h4.2745−0.593%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0823%1h4.2535−1.081%$1.9M$3.4M10xas long as short
HTX NEAR-USDT+0.0863%8h4.2640−0.837%$455K$3.7M75xas long as short
Hyperliquid NEAR+0.1036%1h4.2637−0.844%$366.3M$299.2M10xas long as short
Aftermath Perps NEARUSD+0.1189%1h4.2796−0.474%$5K$11K10xas long as short
Lighter NEAR+0.1808%1h4.2681−0.742%$16.4M$23.7M15xas long as short