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 +0.009%

Price spread now: OKX against Bybit+0.029%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.029%, 7d avg −0.002%

Together, before fees+0.027%+$3 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: OKX is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4297	0.0100	pay 0.0100% / 8h	1h 25m	$224.5M	$433.1M	75x
Short	OKX NEAR-USDT-SWAP	4.4310	0.0100	get 0.0100% / 8h	1h 25m	$62.7M	$297.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.002%: $3.15
Slippage, 4 orders: −$12.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: 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 Bybit live order book, 4 min ago	1.14 bp	7.2 bp −$7	11.0 bp −$110	29.1 bp −$2,912	118.4 bp −$59.2K
Sell OKX live order book, 4 min ago	1.14 bp	10.6 bp −$11	18.4 bp −$184	40.2 bp −$4,022	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	4.4187	−0.249%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.307%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4186	−0.251%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.517%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4280	−0.038%	$112K	$491K	50x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4297	long leg	$224.5M	$433.1M	75x
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4310	+0.029%	$62.7M	$297.4M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.120%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4307	+0.023%	$35.6M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4280	−0.038%	$53.6M	$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	4.4292	−0.011%	$72.7M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.248%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.603%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.648%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4336	+0.088%	$294K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4318	+0.047%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4410	+0.255%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.165%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	−0.129%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4160	−0.309%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.604%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4335	+0.086%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4244	−0.119%	$3.7M	$18.4M	25x	as long as short
BingX NEAR-USDC	+0.0193%	8h	4.4330	+0.074%	—	$6.7M	—	as long as short
SoDEX NEAR-USD	+0.0198%	1h	4.4305	+0.018%	$5K	$52K	10x	as long as short
MEXC NEAR_USDT	+0.0201%	8h	4.4350	+0.120%	$80.6M	$148.8M	200x	as long as short
Binance NEARUSDT	+0.0205%	8h	4.4340	+0.097%	$270.6M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4212	−0.192%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4344	+0.105%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.719%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0321%	8h	4.4060	−0.535%	$13.7M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0412%	1h	4.4276	−0.047%	$1.4M	$6.8M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4267	−0.068%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4323	+0.059%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0473%	1h	4.4365	+0.154%	$362.0M	$315.2M	10x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.4295	−0.005%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4194	−0.233%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4267	−0.068%	$17.4M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4300	+0.007%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4274	−0.052%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	0.000%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.4247	−0.113%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4204	−0.210%	$422K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1256%	1h	4.4219	−0.176%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4229	−0.154%	$665K	$1.4M	10x	as long as short