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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRnext payment $0.06 per $10,000 · paid last 24h −0.055%
Price spread now: 01 Exchange against Deribit+0.358%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.358% dearer against Deribit than usual: you sell high and buy low (spread +0.358% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit NEAR_USDC-PERPETUAL4.30170.0564pay 0.0070% / 1h6m 21s$1.9M$9.9M25x
Short01 Exchange NEARUSD4.31710.0520get 0.0065% / 1h6m 21s$13K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$9.24
Price spread: +0.358% → 0.000%
$35.8
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$12.56
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Deribit: live order book, 3 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 Deribit live order book, 3 min ago2.78 bp6.3 bp −$620.5 bp −$205doesn't fitdoesn't fit
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%1h4.2987−0.069%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3132+0.268%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2980−0.086%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.736%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3234+0.504%$2.3M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3000−0.040%$110K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3023+0.015%$262.8M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2996−0.049%$212.7M$425.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3010−0.016%$60.8M$285.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+1.004%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2976−0.095%$31.9M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3030+0.030%$73.6M$146.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3040+0.053%$53.4M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2997−0.046%$71.0M$127.4M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3010−0.016%$144.3Mas long as short
Variational Omni NEAR+0.0100%8h4.3247+0.535%$8.2M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.3144+0.295%$252K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3206+0.439%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3130+0.263%$166K$795K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3039+0.051%$269K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3027+0.023%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3090+0.170%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3280+0.611%$467K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3200+0.425%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3121+0.241%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3037+0.046%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3210+0.449%$13.5M$31.9M75xas long as short
Pacifica NEAR+0.0263%1h4.3169+0.353%$398K$1.3M10xas long as short
Kalshi KXNEARPERP+0.0264%8h4.3199+0.423%$869K$23.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2971−0.108%$232K100xas long as short
SoDEX NEAR-USD+0.0333%1h4.2995−0.051%$6K$53K10xas long as short
Aster NEARUSDT+0.0335%8h4.3010−0.016%$2.8M$5.5M50xas long as short
01 Exchange NEARUSDshort+0.0520%1h4.3171+0.358%$13K$7K10x
Extended NEAR-USD+0.0560%1h4.2984−0.077%$3.8M$19.8M25xas long as short
Deribit NEAR_USDC-PERPETUALlong+0.0564%1h4.3017long leg$1.9M$9.9M25x
Nado NEAR-PERP+0.0567%1h4.3029+0.028%$1.8M$3.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0570%1h4.3191+0.404%$1.3M$6.8M20xas long as short
Hyperliquid NEAR+0.0580%1h4.3033+0.037%$352.4M$312.5M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3160+0.332%$212K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0717%1h4.2990−0.063%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0920%1h4.3210+0.449%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3324+0.714%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1072%1h4.3226+0.487%$17.4M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.3148+0.305%$670K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1589%1h4.3223+0.479%$5K$12K10xas long as short