Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1828%/8h= −200.2% APRpaid last 24h −0.074%

Price spread now: Paradex against Deribit+0.150%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.150% dearer against Deribit than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$55 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.3241	0.1929	pay 0.0241% / 1h	43m 46s	$2.0M	$8.8M	25x
Short	Paradex NEAR-USD-PERP	4.3306	0.0101	get 0.0101% / 8h	3h 43m	$31K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$383.91
Price spread: +0.150% → 0.000%: $15.01
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$379.9
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Deribit: live order book, just now; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, just now	1.85 bp	5.3 bp −$5	16.0 bp −$160	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.3195	−0.106%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3308	+0.154%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3139	−0.235%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.234%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3225	−0.037%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3250	+0.021%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3350	+0.252%	$265.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3316	+0.173%	$216.0M	$427.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	+0.252%	$61.3M	$291.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+1.226%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3270	+0.067%	$31.7M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3360	+0.275%	$73.7M	$144.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3350	+0.252%	$53.9M	$46.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3306	+0.150%	$71.1M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3310	+0.160%	—	$146.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.362%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.469%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3580	+0.784%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	+0.437%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	+0.028%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3186	−0.127%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3240	−0.002%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3290	+0.113%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	−0.025%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0101%	8h	4.3306	+0.150%	$31K	$608	10x
Aevo NEAR-PERP	+0.0104%	1h	4.3198	−0.099%	$201K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0138%	8h	4.3184	−0.132%	$652K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.044%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3342	+0.233%	$412K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3295	+0.125%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3140	−0.233%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0408%	1h	4.3165	−0.176%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0485%	1h	4.3294	+0.123%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3286	+0.104%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0603%	1h	4.3369	+0.296%	$356.1M	$320.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3290	+0.113%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0664%	1h	4.3318	+0.178%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.3160	−0.187%	$7.6M	$39.8M	50x	as long as short
Nado NEAR-PERP	+0.0729%	1h	4.3240	−0.002%	$1.8M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0856%	1h	4.3387	+0.338%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3717	+1.101%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1144%	1h	4.3402	+0.373%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3293	+0.120%	$625K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1583%	1h	4.3419	+0.412%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.1929%	1h	4.3241	long leg	$2.0M	$8.8M	25x