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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h −0.046%
Price spread now: Orderly against Injective+0.340%58s7-day average −1.135% · 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−0.072%−$7 on $10k
Price spread, last 3 days (all we have)−2.886%−$289 · spread now +0.340%, 7d avg −1.135%
Together, before fees−2.957%−$296 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 1.475% dearer against Injective than usual: you sell high and buy low: +$148 more if the spread goes back to its 7-day average of −1.135%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.1410−0.0002get 0.0000% / 1h45m 54s$578$302K12x
ShortOrderly PERP_NEAR_USDC4.15510.0099get 0.0099% / 8h1h 45m$53K$156K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$21.39
Price spread: +0.340% → −1.135%
$147.53
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Orderly: 3 bp × 2 orders
−$6
Net
$162.89
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample
Injective and Orderly: 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%1h4.1456+0.110%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1481+0.171%$2.1M$12.6M50xas long as short
Injective NEAR/USDC PERPlong−0.0002%1h4.1410long leg$578$302K12x
dYdX NEAR-USD0.0000%1h4.1455+0.109%$106K$56K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1516+0.256%$441K$18.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1473+0.152%$205K150xas long as short
Kraken Futures PF_NEARUSD+0.0049%1h4.1575+0.399%$7.5M$36.8M50xas long as short
01 Exchange NEARUSD+0.0072%1h4.1484+0.179%$12K$7K10xas long as short
Lighter NEAR+0.0096%1h4.1621+0.509%$15.3M$22.5M15xas long as short
Popdex NEARUSDT+0.0096%1h4.1470+0.145%$111K$483K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDCshort+0.0099%8h4.1551+0.340%$53K$156K20x
Paradex NEAR-USD-PERP+0.0100%8h4.1485+0.181%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1644+0.565%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.1472+0.150%$349K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1617+0.500%$238.2M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1591+0.437%$212.1M$422.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1590+0.435%$56.9M$275.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1490+0.193%$307K$1.6M10xas long as short
Gate NEAR_USDT+0.0100%8h4.1618+0.502%$29.7M$56.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1620+0.507%$81.9M$141.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1640+0.555%$55.0M$44.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1604+0.468%$69.1M$125.8M75xas long as short
BingX NEAR-USDT+0.0100%8h4.1590+0.435%$136.8Mas long as short
Variational Omni NEAR+0.0100%8h4.1461+0.124%$7.7M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.1473+0.151%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1500+0.218%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1510+0.241%$182K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1503+0.225%$196K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1600+0.459%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1540+0.314%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1540+0.314%$3.8M$8.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1450+0.097%$236K$4K10xas long as short
Lighter RH NEAR+0.0104%1h4.1595+0.447%$1.4M$6.9M10xas long as short
Extended NEAR-USD+0.0104%1h4.1601+0.460%$3.8M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1537+0.307%$200K$62K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.1500+0.217%$12.3M$33.4M75xas long as short
Hyperliquid NEAR+0.0319%1h4.1617+0.500%$349.7M$298.4M10xas long as short
RISEx NEAR/USDC+0.0364%1h4.1484+0.178%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0379% / S −0.0327%1h4.1474+0.154%$279K100xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0448%1h4.1585+0.423%$1.8M$2.1M25xas long as short
Backpack NEAR_USDC_PERP+0.0449%1h4.1606+0.473%$1.2M$5.7M20xas long as short
Nado NEAR-PERP+0.0516%1h4.1459+0.118%$1.8M$3.5M10xas long as short
Phoenix NEAR+0.0542%1h4.1447+0.089%$1.7M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.0910%1h4.1475+0.158%$5K$11K10xas long as short
HTX NEAR-USDT+0.1010%8h4.1610+0.483%$446K$3.6M75xas long as short