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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0415%/8h= +45.4% APRnext payment +$0.52 per $10,000 · paid last 24h +0.034%
Price spread now: Extended against Injective+7.297%80s7-day average −0.689% · 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 7 days−0.015%−$1 on $10k
Price spread, last 4 days (all we have)−9.752%−$975 · spread now +7.297%, 7d avg −0.689%
Together, before fees−9.767%+ Points / potential airdropExtended: Active · farm board−$977 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 7.986% dearer against Injective than usual: you sell high and buy low: +$799 more if the spread goes back to its 7-day average of −0.689%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.14100.0033pay 0.0004% / 1h1m 56s$578$301K12x
ShortExtended NEAR-USD4.44320.0448get 0.0056% / 1h1m 56s$3.7M$19.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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
$87.08
Price spread: +7.297% → −0.689%
$798.65
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$880.71
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Extended: live order book, 2 min ago. 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 Injective no order-book sample
Sell Extended live order book, 2 min ago0.45 bp9.7 bp −$1014.8 bp −$148doesn't fitdoesn't fit
Injective: 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%1h4.4407+7.236%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4395+7.207%$109K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4446+7.332%$168K150xas long as short
Injective NEAR/USDC PERPlong+0.0033%1h4.1410long leg$578$301K12x
Popdex NEARUSDT+0.0096%1h4.4430+7.293%$113K$497K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4410+7.245%$223.7M$424.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4410+7.245%$62.7M$296.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4419+7.268%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4431+7.295%$33.9M$61.4M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4430+7.293%$53.5M$46.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4433+7.300%$73.3M$127.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.4197+6.731%$8.9M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4142+6.598%$258K$965K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4433+7.300%$273K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4489+7.435%$58K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4540+7.559%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4500+7.462%$474K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4440+7.317%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4360+7.123%$32K$60810xas long as short
GRVT NEAR_USDT_Perp+0.0111%8h4.4060+6.399%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0120%1h4.4505+7.474%$207K$40K3xas long as short
BingX NEAR-USDC+0.0130%8h4.4440+7.317%$6.7Mas long as short
MEXC NEAR_USDT+0.0143%8h4.4460+7.365%$85.1M$146.9M200xas long as short
Binance NEARUSDT+0.0147%8h4.4460+7.365%$270.2M$1.09B75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.4545+7.571%$2.3M$16.5M50xas long as short
BloFin NEAR-USDT+0.0264%8h4.4300+6.979%$13.4M$32.7M75xas long as short
Kalshi KXNEARPERP+0.0312%8h4.4459+7.363%$1.1M$24.7M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0201%1h4.4444+7.326%$238K100xas long as short
Aster NEARUSDT+0.0345%8h4.4460+7.365%$2.9M$5.2M50xas long as short
Nado NEAR-PERP+0.0381%1h4.4435+7.306%$1.7M$3.2M10xas long as short
Extended NEAR-USDshort+0.0448%1h4.4432+7.297%$3.7M$19.2M25x
ApeX Omni NEARUSDT+0.0450%1h4.4150+6.617%$167K$803K50xas long as short
SoDEX NEAR-USD+0.0497%1h4.4455+7.353%$5K$52K10xas long as short
Hyperliquid NEAR+0.0692%1h4.4508+7.481%$366.3M$311.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0702%1h4.4493+7.445%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0704%1h4.4494+7.447%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0711%1h4.4456+7.356%$7.4M$39.1M50xas long as short
Arcus NEAR-USD+0.0814%1h4.4460+7.365%$227K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.4412+7.249%$407K$1.4M10xas long as short
Lighter NEAR+0.0936%1h4.4529+7.533%$17.4M$25.3M15xas long as short
Phoenix NEAR+0.1033%1h4.4241+6.837%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1112%1h4.4537+7.551%$1.5M$7.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1122%1h4.4508+7.481%$2.0M$12.1M25xas long as short
RISEx NEAR/USDC+0.1220%1h4.4452+7.345%$691K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1239%1h4.4037+6.343%$5K$12K10xas long as short