Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: Binance against dYdX−0.367%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.367%, 7d avg +0.018%

Together, before fees+0.560%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.385% cheaper against dYdX than usual: you would sell low and buy high (spread −0.367% now, against its 7-day average of +0.018%). If the spread goes back, that is −$39 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.4376	0	get 0.0000% / 1h	18m 09s	$109K	$70K	10x
Short	Binance NEARUSDT	4.4213	0.0100	get 0.0100% / 8h	6h 18m	$268.1M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.367%Rate

Funding earned: $21
Price spread: −0.367% → +0.018%: −$38.51
Slippage, 4 orders: −$113.32
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$150.83
Costs to cover: 1.333%
Break-even: 57.3 days

Slippage from dYdX: live order book, 51 min ago; Binance: live order book, 11 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 dYdX live order book, 51 min ago	53.24 bp	59.6 bp −$60	62.5 bp −$625	85.4 bp −$8,538	138.1 bp −$69.1K
Sell Binance live order book, 11 min ago	1.14 bp	8.0 bp −$8	11.8 bp −$118	30.5 bp −$3,047	113.1 bp −$56.6K

NEAR on 44 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	4.4307	−0.156%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4172	−0.460%	$2.2M	$14.5M	50x	as long as short
Phemex NEARUSDT	−0.0042%	8h	4.4170	−0.464%	$3.9M	$8.2M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.4376	long leg	$109K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4249	−0.286%	$584K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4307	−0.156%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.684%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+0.858%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4340	−0.081%	$112K	$493K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4402	+0.058%	$417K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDTshort	+0.0100%	8h	4.4213	−0.367%	$268.1M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4029	−0.782%	$223.7M	$422.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3990	−0.870%	$63.3M	$290.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4400	+0.054%	$211K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−0.735%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4033	−0.773%	$31.8M	$62.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4050	−0.735%	$75.4M	$142.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4210	−0.374%	$54.3M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3988	−0.875%	$72.5M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4000	−0.848%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4700	+0.731%	$282K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	−0.084%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4720	+0.775%	$184K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4352	−0.054%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4210	−0.374%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4390	+0.031%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4190	−0.419%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4280	−0.217%	$458K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4405	+0.065%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4176	−0.450%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4325	−0.115%	$206K	$34K	3x	as long as short
Aster NEARUSDT	+0.0192%	8h	4.4345	−0.069%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0214%	1h	4.4199	−0.399%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0270%	1h	4.4217	−0.359%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0248%	1h	4.4309	−0.151%	$262K	—	100x	as long as short
Nado NEAR-PERP	+0.0378%	1h	4.4333	−0.097%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.4404	+0.063%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4397	+0.047%	$566K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4597	+0.498%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4275	−0.228%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0909%	1h	4.4072	−0.685%	$371.7M	$308.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0948%	1h	4.4041	−0.755%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1584%	1h	4.4435	+0.133%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1744%	1h	4.4322	−0.122%	$17.7M	$25.6M	15x	as long as short