Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.004%

Price spread now: Paradex against Injective+4.131%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 4.131% dearer against Injective than usual: you sell high and buy low: +$413 more if the spread goes back to zero (this spread has no 7-day history 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	5m 51s	$578	$301K	12x
Short	Paradex NEAR-USD-PERP	4.3121	0.0100	get 0.0100% / 8h	3h 05m	$31K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +4.131%Rate

Funding earned: $14.04
Price spread: +4.131% → 0.000%: $413.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $423.14
Costs to cover: 0.040%
Break-even: from the start

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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	4.2987	+3.809%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3132	+4.159%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2980	+3.792%	$162K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$301K	12x
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3072	+4.014%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	+3.840%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2957	+3.735%	$262.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2884	+3.560%	$212.2M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2900	+3.598%	$60.8M	$285.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+4.924%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2966	+3.758%	$31.9M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3030	+3.912%	$73.6M	$147.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3030	+3.912%	$53.4M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2909	+3.620%	$70.9M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3000	+3.840%	—	$144.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	+3.809%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+4.187%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+4.337%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	+4.154%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3039	+3.934%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3027	+3.905%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+4.057%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+4.081%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	+3.864%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.3121	+4.131%	$31K	$608	10x
Aevo NEAR-PERP	+0.0104%	1h	4.3037	+3.929%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+4.347%	$13.5M	$31.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0261%	8h	4.3104	+4.091%	$869K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3169	+4.248%	$398K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2971	+3.769%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0333%	1h	4.2995	+3.828%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.2990	+3.816%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3171	+4.253%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.2986	+3.805%	$3.8M	$19.8M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3017	+3.881%	$1.9M	$9.9M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3029	+3.910%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0567%	1h	4.3016	+3.878%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0577%	1h	4.2954	+3.729%	$351.8M	$312.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3160	+4.226%	$212K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2990	+3.815%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3067	+4.001%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+4.622%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1072%	1h	4.3079	+4.030%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3148	+4.197%	$670K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1589%	1h	4.3223	+4.379%	$5K	$12K	10x	as long as short