Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.138%

Price spread now: HTX against Bybit+0.837%7-day average +0.285% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.632%+$63 on $10k

Price spread, last 3 days (all we have)−0.486%−$49 · spread now +0.837%, 7d avg +0.285%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.552% dearer against Bybit than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of +0.285%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.2901	0.0100	pay 0.0100% / 8h	7h 21m	$217.7M	$417.7M	75x
Short	HTX NEAR-USDT	4.3260	0.0100	get 0.0100% / 8h	7h 21m	$458K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.837%Rate

Funding earned: $0
Price spread: +0.837% → +0.285%: $55.23
Slippage, 4 orders: −$34.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$2.62
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 2 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 Bybit live order book, 2 min ago	1.17 bp	8.1 bp −$8	17.0 bp −$170	42.4 bp −$4,236	189.7 bp −$94.8K
Sell HTX live order book, 2 min ago	8.13 bp	25.7 bp −$26	69.6 bp −$696	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	4.3180	+0.651%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3176	+0.642%	$7.3M	$37.3M	50x	as long as short
Phemex NEARUSDT	−0.0119%	8h	4.3140	+0.557%	$3.8M	$8.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3167	+0.620%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.3183	+0.657%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.543%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3008	+0.249%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3139	+0.555%	$378K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3201	+0.699%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.475%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3190	+0.674%	$115K	$484K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3191	+0.676%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2999	+0.229%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3153	+0.588%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2979	+0.182%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2955	+0.126%	$256.1M	$1.06B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.2901	long leg	$217.7M	$417.7M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2960	+0.138%	$60.9M	$280.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	+0.301%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.260%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3083	+0.424%	$31.0M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2930	+0.068%	$76.9M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3050	+0.347%	$56.2M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2980	+0.184%	$71.2M	$124.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3000	+0.231%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3008	+0.250%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3032	+0.306%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.235%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3206	+0.711%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.837%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3177	+0.643%	$5K	$52K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3260	+0.837%	$458K	$3.7M	75x
Extended NEAR-USD	+0.0104%	1h	4.3114	+0.498%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3197	+0.690%	$201K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0198%	1h	4.3116	+0.501%	$363.2M	$301.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3130	+0.534%	$12.9M	$28.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3200	+0.698%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0398%	1h	4.3221	+0.746%	$1.9M	$3.6M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3216	+0.735%	$409K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0432%	1h	4.3110	+0.487%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0462%	1h	4.3226	+0.758%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3153	+0.587%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3141	+0.559%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1366%	1h	4.2946	+0.105%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1912%	1h	4.3055	+0.358%	$17.2M	$24.6M	15x	as long as short