Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.065%

Price spread now: BloFin against dYdX+0.407%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.407%, 7d avg +0.014%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.393% dearer against dYdX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.4319	0	get 0.0000% / 1h	51m 52s	$109K	$68K	10x
Short	BloFin NEAR-USDT	4.4500	0.0285	get 0.0285% / 8h	1h 51m	$13.5M	$32.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.407%Rate

Funding earned: $59.92
Price spread: +0.407% → +0.014%: $39.33
Slippage, 4 orders: −$116.25
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39
Costs to cover: 1.382%
Break-even: 11.6 days

Slippage from dYdX: live order book, 57 min ago; BloFin: 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 dYdX live order book, 57 min ago	43.23 bp	48.3 bp −$48	75.6 bp −$756	124.6 bp −$12.5K	192.7 bp −$96.4K
Sell BloFin live order book, 2 min ago	2.25 bp	13.2 bp −$13	21.5 bp −$215	39.8 bp −$3,978	82.8 bp −$41.4K

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	4.4378	+0.133%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.4319	long leg	$109K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4379	+0.135%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.565%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4330	+0.024%	$114K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4452	+0.299%	$227.0M	$424.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4440	+0.272%	$62.5M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	+0.105%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4394	+0.168%	$34.5M	$59.8M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4430	+0.250%	$53.5M	$45.7M	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	4.4393	+0.166%	$73.5M	$126.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	+0.198%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4434	+0.259%	$260K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4418	+0.222%	$278K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4401	+0.184%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4420	+0.227%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4480	+0.362%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4360	+0.092%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4330	+0.024%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4450	+0.295%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4395	+0.171%	$206K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0159%	8h	4.4420	+0.227%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0165%	8h	4.4390	+0.159%	$85.1M	$144.1M	200x	as long as short
Binance NEARUSDT	+0.0167%	8h	4.4439	+0.270%	$269.1M	$1.08B	75x	as long as short
SoDEX NEAR-USD	+0.0237%	1h	4.4355	+0.080%	$5K	$52K	10x	as long as short
BloFin NEAR-USDTshort	+0.0285%	8h	4.4500	+0.407%	$13.5M	$32.8M	75x
Kalshi KXNEARPERP	+0.0305%	8h	4.4414	+0.213%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4381	+0.139%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0342%	8h	4.4426	+0.241%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0376%	1h	4.4403	+0.189%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4441	+0.274%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0440%	1h	4.4430	+0.250%	$168K	$803K	50x	as long as short
01 Exchange NEARUSD	+0.0496%	1h	4.4369	+0.112%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0569%	1h	4.4384	+0.146%	$1.3M	$6.5M	20x	as long as short
Nado NEAR-PERP	+0.0575%	1h	4.4380	+0.137%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4348	+0.064%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0668%	1h	4.4412	+0.209%	$365.4M	$306.6M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4580	+0.588%	$226K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0900%	1h	4.4412	+0.209%	$1.9M	$12.2M	25x	as long as short
Lighter NEAR	+0.0904%	1h	4.4428	+0.246%	$17.4M	$24.6M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4489	+0.383%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1016%	1h	4.4421	+0.229%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4364	+0.100%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1193%	1h	4.4376	+0.129%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4354	+0.078%	$678K	$1.4M	10x	as long as short