Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0814%/8h= +89.1% APRpaid last 24h +0.020%

Price spread now: HTX against Injective+3.308%7-day average −0.742% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.500%+$50 on $10k

Price spread, last 3 days (all we have)−5.123%−$512 · spread now +3.308%, 7d avg −0.742%

Together, before fees−4.623%−$462 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and HTX is 4.050% dearer against Injective than usual: you sell high and buy low: +$405 more if the spread goes back to its 7-day average of −0.742%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.500% in total (about 26.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NEAR/USDC PERP	4.1410	0.0033	pay 0.0004% / 1h	36m 25s	$578	$302K	12x
Short	HTX NEAR-USDT	4.2780	0.0847	get 0.0847% / 8h	36m 25s	$458K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee InjectivebpFee HTXbpOrdersPrice spread, now +3.308%Rate

Funding earned: $170.86
Price spread: +3.308% → −0.742%: $405.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $563.88
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	7.00 bp	14.3 bp −$14	43.6 bp −$436	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.2608	+2.893%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2637	+2.963%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2615	+2.911%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2690	+3.091%	$420K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2635	+2.958%	$203K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$302K	12x
Variational Omni NEAR	+0.0077%	8h	4.2580	+2.826%	$7.9M	$18.3M	—	as long as short
Bybit NEARUSDT	+0.0078%	8h	4.2604	+2.883%	$218.2M	$422.0M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2630	+2.946%	$109K	$495K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2618	+2.917%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2662	+3.022%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2656	+3.009%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2630	+2.946%	$252.9M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2610	+2.898%	$60.7M	$284.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2630	+2.946%	$201K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	+3.053%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2627	+2.939%	$30.0M	$59.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2620	+2.922%	$78.0M	$141.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2660	+3.019%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2608	+2.893%	$70.8M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2620	+2.922%	—	$138.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2730	+3.187%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2670	+3.043%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	+3.236%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2645	+2.982%	$198K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2632	+2.951%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2660	+3.019%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2615	+2.910%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	+3.091%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2598	+2.868%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2615	+2.911%	$205K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2646	+2.984%	$7.6M	$37.2M	50x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2638	+2.965%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2610	+2.898%	$12.9M	$30.1M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0336%	1h	4.2659	+3.016%	$1.9M	$2.3M	25x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2723	+3.171%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0314%	1h	4.2642	+2.974%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2658	+3.013%	$415K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0452%	1h	4.2724	+3.173%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+3.156%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0768%	1h	4.2619	+2.920%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDTshort	+0.0847%	8h	4.2780	+3.308%	$458K	$3.7M	75x
Hyperliquid NEAR	+0.0916%	1h	4.2689	+3.089%	$366.6M	$298.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1187%	1h	4.2726	+3.177%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1720%	1h	4.2773	+3.291%	$16.4M	$23.7M	15x	as long as short