Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h +0.045%

Price spread now: HTX against Nado+0.231%7-day average +0.257% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.296%+$30 on $10k

Price spread, last 3 days (all we have)+0.105%+$10 · spread now +0.231%, 7d avg +0.257%

Together, before fees+0.401%+ Points / potential airdropNado: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and HTX is 0.026% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.257%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.296%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.3539	0.0423	pay 0.0053% / 1h	49m 13s	$1.9M	$3.0M	10x
Short	HTX NEAR-USDT	4.3640	0.0100	get 0.0100% / 8h	5h 49m	$456K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee NadobpFee HTXbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$67.88
Price spread: +0.231% → +0.257%: −$2.59
Slippage, 4 orders: −$38.6
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$128.06
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; HTX: live order book, 5 min ago.

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 Nado live order book, 5 min ago	1.71 bp	9.7 bp −$10	19.4 bp −$194	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	7.97 bp	23.1 bp −$23	91.9 bp −$919	doesn't fit	doesn't fit

NEAR on 44 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	4.3538	−0.003%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3541	+0.004%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3622	+0.191%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	+0.094%	$548K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	+0.015%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.890%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.162%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3683	+0.331%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3624	+0.194%	$264.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3615	+0.174%	$220.4M	$416.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3610	+0.162%	$62.1M	$288.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	+0.270%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3560	+0.048%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3570	+0.071%	$75.1M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	+0.140%	$54.4M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3543	+0.009%	$71.5M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3560	+0.048%	—	$144.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.889%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.600%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.852%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.576%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	+0.153%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	+0.045%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3710	+0.392%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3565	+0.059%	$5K	$50K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3640	+0.231%	$456K	$3.8M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3610	+0.162%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3644	+0.240%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3529	−0.023%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3575	+0.082%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3590	+0.117%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0232%	1h	4.3575	+0.082%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.3550	+0.026%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3689	+0.344%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	+0.369%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERPlong	+0.0423%	1h	4.3539	long leg	$1.9M	$3.0M	10x
Backpack NEAR_USDC_PERP	+0.0670%	1h	4.3717	+0.408%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3586	+0.108%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.3663	+0.284%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0773%	1h	4.3617	+0.179%	$367.4M	$304.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.930%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	+0.317%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1040%	1h	4.3658	+0.274%	$17.4M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.503%	$6K	$12K	10x	as long as short