Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.131%

Price spread now: HTX against Extended−0.196%7-day average +0.298% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.591%+$59 on $10k

Price spread, last 3 days (all we have)+0.538%+$54 · spread now −0.196%, 7d avg +0.298%

Together, before fees+1.128%+ Points / potential airdropExtended: Active · farm board+$113 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: HTX is 0.494% cheaper against Extended than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.298%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.3726	0.0104	pay 0.0013% / 1h	48m 39s	$3.8M	$18.5M	25x
Short	HTX NEAR-USDT	4.3640	0.0100	get 0.0100% / 8h	5h 48m	$456K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$0.84
Price spread: −0.196% → +0.298%: −$49.38
Slippage, 4 orders: −$33.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$100.88
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; HTX: live order book, 5 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 Extended live order book, 5 min ago	0.23 bp	4.5 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	7.97 bp	23.1 bp −$23	91.9 bp −$919	doesn't fit	doesn't fit

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	4.3538	−0.429%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3541	−0.423%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	−0.041%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.333%	$548K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.412%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.296%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.265%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3705	−0.047%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3682	−0.099%	$265.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3764	+0.087%	$221.2M	$416.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3720	−0.013%	$62.2M	$288.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.157%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3666	−0.137%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	+0.033%	$75.4M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3810	+0.193%	$54.7M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3663	−0.144%	$71.7M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3670	−0.128%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.459%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.171%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.421%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.147%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	−0.274%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.381%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3710	−0.036%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3565	−0.368%	$5K	$50K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3640	−0.196%	$456K	$3.8M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3610	−0.265%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3732	+0.015%	$32K	$608	10x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.3726	long leg	$3.8M	$18.5M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3575	−0.345%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.3752	+0.059%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0232%	1h	4.3575	−0.345%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.3550	−0.401%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3689	−0.084%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	−0.059%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3539	−0.427%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0658%	1h	4.3688	−0.086%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3586	−0.319%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3715	−0.025%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0763%	1h	4.3720	−0.013%	$368.2M	$304.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.499%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	−0.111%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1208%	1h	4.3728	+0.005%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.075%	$6K	$12K	10x	as long as short