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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h −0.104%
Price spread now: SoDEX against Kraken Futures+0.101%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SoDEX is 0.101% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_NEARUSD4.4730−0.0236get 0.0030% / 1h43m 10s$7.4M$36.9M50x
ShortSoDEX NEAR-USD4.47750.0100get 0.0013% / 1h43m 10s$5K$34K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Kraken Futures. 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
$70.63
Price spread: +0.101% → 0.000%
$10.08
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$62.71
Costs to cover
0.180%
Break-even
0.8 days
Slippage unknown: Kraken Futures: live order book, 4 min ago; SoDEX: 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 Kraken Futures live order book, 4 min ago4.92 bp11.4 bp −$1115.3 bp −$15340.6 bp −$4,0566147.8 bp −$3.07M
Sell SoDEX no order-book sample
SoDEX: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSDlong−0.0236%1h4.4730long leg$7.4M$36.9M50x
Reya NEARRUSDPERP−0.0171%1h4.4684−0.103%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4732+0.006%$110K$53K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4801+0.159%$842K$26.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4671−0.132%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.422%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4740+0.023%$123K$503K50xas long as short
Aster NEARUSDT+0.0100%8h4.4766+0.080%$2.6M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.4766+0.081%$271.6M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4752+0.049%$231.0M$426.7M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.47300.000%$64.0M$297.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4750+0.045%$267K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4721−0.020%$39.8M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4770+0.090%$75.4M$168.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4770+0.090%$53.2M$43.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4736+0.014%$74.2M$126.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4740+0.023%$76.2Mas long as short
Variational Omni NEAR+0.0100%8h4.4714−0.036%$8.9M$16.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4709−0.048%$264K$871K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4781+0.113%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4710−0.045%$167K$822K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4751+0.047%$267K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4758+0.063%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4810+0.179%$2K$1.3M20xas long as short
SoDEX NEAR-USDshort+0.0100%1h4.4775+0.101%$5K$34K10x
HTX NEAR-USDT+0.0100%8h4.4820+0.201%$466K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4760+0.067%$3.3M$8.0M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4719−0.024%$33K$24510xas long as short
Extended NEAR-USD+0.0104%1h4.4735+0.011%$3.7M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4733+0.007%$208K$38K3xas long as short
Hyperliquid NEAR+0.0162%1h4.4763+0.074%$360.6M$314.9M10xas long as short
01 Exchange NEARUSD+0.0200%1h4.4750+0.045%$13K$4K10xas long as short
Nado NEAR-PERP+0.0211%1h4.4750+0.045%$1.8M$3.1M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4740+0.023%$12.9M$32.4M75xas long as short
Lighter NEAR+0.0232%1h4.4792+0.138%$17.5M$23.3M15xas long as short
Lighter RH NEAR+0.0280%1h4.4797+0.150%$1.5M$5.9M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0341% / S −0.0226%1h4.4724−0.014%$262K100xas long as short
Arcus NEAR-USD+0.0343%1h4.4760+0.067%$226K$1.4M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.4745+0.034%$633K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.4818+0.197%$2.3M$17.5M50xas long as short
Backpack NEAR_USDC_PERP+0.0606%1h4.4779+0.110%$1.1M$7.1M20xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0666%1h4.4786+0.125%$1.9M$13.0M25xas long as short
Phoenix NEAR+0.0741%1h4.4913+0.409%$1.7M$2.7M10xas long as short
Pacifica NEAR+0.0851%1h4.4764+0.077%$419K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1045%1h4.4739+0.020%$6K$6K10xas long as short