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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h −0.083%
Price spread now: Extended against Nado+0.093%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$260.264% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.091%−$9 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.093%, 7d avg −0.093%
Together, before fees−0.223%+ Points / potential airdropNado: Active · Extended: Active · farm board−$22 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 Extended is 0.187% dearer against Nado than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 3 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado NEAR-PERP4.36440.0399pay 0.0050% / 1h10m 52s$1.7M$3.2M10x
ShortExtended NEAR-USD4.36850.0488get 0.0061% / 1h10m 52s$3.7M$19.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Nado. 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
$18.6
Price spread: +0.093% → −0.093%
$18.68
Slippage, 4 orders
−$14.41
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$10.87
Costs to cover
0.264%
Break-even
2.9 days
Slippage from Nado: live order book, 3 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago0.46 bp6.5 bp −$713.0 bp −$130doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago2.52 bp6.2 bp −$614.3 bp −$143doesn't fitdoesn't fit

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%1h4.3646+0.003%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3672+0.062%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3606−0.088%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.120%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3620−0.056%$115K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3677+0.074%$218.9M$420.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3680+0.081%$61.7M$290.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3500−0.331%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3683+0.088%$33.3M$60.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3720+0.173%$52.7M$46.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.3683+0.088%$72.1M$125.8M75xas long as short
Variational Omni NEAR+0.0100%8h4.3607−0.085%$8.8M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.3575−0.160%$255K$962K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3591−0.122%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3667+0.052%$280K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3674+0.068%$57K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3720+0.173%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3760+0.265%$472K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3640−0.010%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3623−0.050%$32K$60810xas long as short
Aevo NEAR-PERP+0.0112%1h4.3697+0.121%$203K$37K3xas long as short
BingX NEAR-USDT+0.0116%8h4.3700+0.127%$143.4Mas long as short
MEXC NEAR_USDT+0.0122%8h4.3730+0.196%$83.1M$146.0M200xas long as short
Binance NEARUSDT+0.0125%8h4.3710+0.150%$266.0M$1.08B75xas long as short
BloFin NEAR-USDT+0.0245%8h4.3630−0.033%$13.3M$32.1M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3701+0.129%$2.3M$16.2M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0312% / S −0.0201%1h4.3610−0.079%$234K100xas long as short
Kalshi KXNEARPERP+0.0313%8h4.3600−0.102%$994K$24.7M2.2xas long as short
Aster NEARUSDT+0.0336%8h4.3700+0.127%$2.8M$5.2M50xas long as short
Nado NEAR-PERPlong+0.0399%1h4.3644long leg$1.7M$3.2M10x
ApeX Omni NEARUSDT+0.0418%1h4.3580−0.148%$167K$796K50xas long as short
Extended NEAR-USDshort+0.0488%1h4.3685+0.093%$3.7M$19.4M25x
SoDEX NEAR-USD+0.0528%1h4.3685+0.093%$5K$52K10xas long as short
Hyperliquid NEAR+0.0657%1h4.3732+0.200%$359.2M$311.3M10xas long as short
Backpack NEAR_USDC_PERP+0.0683%1h4.3696+0.118%$1.3M$6.6M20xas long as short
01 Exchange NEARUSD+0.0720%1h4.3681+0.084%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0725%1h4.3648+0.009%$7.3M$39.1M50xas long as short
Arcus NEAR-USD+0.0814%1h4.3680+0.081%$226K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3604−0.092%$400K$1.3M10xas long as short
Lighter NEAR+0.0912%1h4.3758+0.259%$17.2M$25.2M15xas long as short
Phoenix NEAR+0.1033%1h4.3660+0.036%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1104%1h4.3757+0.258%$1.5M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3664+0.044%$685K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1304%1h4.3477−0.383%$5K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1423%1h4.3709+0.148%$1.9M$11.8M25xas long as short