Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.159%

Price spread now: dYdX against HTX−0.243%7-day average −0.251% · you buy dearer than you sell

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1841.840% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.774%−$77 on $10k

Price spread, last 4 days (all we have)−0.265%−$26 · spread now −0.243%, 7d avg −0.251%

Together, before fees−1.039%−$104 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.251%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4500	0.0100	pay 0.0100% / 8h	1h 53m	$465K	$3.9M	75x
Short	dYdX NEAR-USD	4.4392	0	get 0.0000% / 1h	53m 33s	$109K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against HTX. 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 HTXbpFee dYdXbpOrdersPrice spread, now −0.243%Rate

Funding earned: −$21
Price spread: −0.243% → −0.251%: $0.81
Slippage, 4 orders: −$161.99
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$204.18
Costs to cover: 1.840%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; dYdX: live order book, 55 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 HTX live order book, 5 min ago	13.49 bp	45.8 bp −$46	74.9 bp −$749	doesn't fit	doesn't fit
Sell dYdX live order book, 55 min ago	43.23 bp	65.8 bp −$66	147.0 bp −$1,470	161.2 bp −$16.1K	360.4 bp −$180.2K

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	4.4418	−0.184%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.4392	−0.243%	$109K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4349	−0.339%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.944%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4540	+0.090%	$114K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4490	−0.022%	$227.3M	$424.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4510	+0.022%	$62.6M	$296.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.181%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4506	+0.013%	$34.5M	$59.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4530	+0.067%	$53.6M	$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	4.4520	+0.045%	$73.8M	$126.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	−0.208%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4434	−0.148%	$260K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4450	−0.112%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4408	−0.207%	$58K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	−0.112%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4500	long leg	$465K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4370	−0.292%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4419	−0.181%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4390	−0.247%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4422	−0.176%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0122%	1h	4.4385	−0.258%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0158%	8h	4.4530	+0.067%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0165%	8h	4.4490	−0.022%	$85.9M	$143.7M	200x	as long as short
Binance NEARUSDT	+0.0165%	8h	4.4430	−0.157%	$269.1M	$1.08B	75x	as long as short
BloFin NEAR-USDT	+0.0283%	8h	4.4460	−0.090%	$13.5M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0302%	8h	4.4455	−0.101%	$1.1M	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4368	−0.296%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4448	−0.118%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0392%	1h	4.4533	+0.074%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4452	−0.108%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0440%	1h	4.4430	−0.157%	$168K	$803K	50x	as long as short
01 Exchange NEARUSD	+0.0488%	1h	4.4572	+0.162%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4460	−0.090%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0598%	1h	4.4407	−0.209%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	−0.327%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0691%	1h	4.4469	−0.070%	$365.9M	$306.5M	10x	as long as short
Lighter NEAR	+0.0840%	1h	4.4501	+0.001%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4580	+0.180%	$226K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0900%	1h	4.4417	−0.187%	$1.9M	$12.2M	25x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4471	−0.065%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4512	+0.027%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4439	−0.136%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1195%	1h	4.4300	−0.450%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4576	+0.171%	$681K	$1.4M	10x	as long as short