Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.091%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.091%, 7d avg +0.034%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.4100	0.0100	pay 0.0100% / 8h	4h 13m	$62.9M	$299.5M	50x
Short	Binance NEARUSDT	4.4140	0.0100	get 0.0100% / 8h	4h 13m	$271.5M	$1.10B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.034%: $5.67
Slippage, 4 orders: −$10.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.95
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 15 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 OKX live order book, 5 min ago	1.13 bp	7.9 bp −$8	17.8 bp −$178	40.4 bp −$4,045	doesn't fit
Sell Binance live order book, 15 min ago	1.14 bp	8.2 bp −$8	12.4 bp −$124	34.2 bp −$3,422	105.8 bp −$52.9K

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	4.4050	−0.114%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4097	−0.007%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4032	−0.155%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4082	−0.041%	$619K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4043	−0.130%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.100%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4040	−0.136%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4063	−0.084%	$419K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4140	+0.091%	$271.5M	$1.10B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4084	−0.036%	$221.9M	$425.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4100	long leg	$62.9M	$299.5M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4054	−0.104%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4033	−0.152%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4140	+0.091%	$74.8M	$150.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4150	+0.113%	$54.9M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4113	+0.029%	$72.5M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4050	−0.113%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	+0.085%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4270	+0.385%	$266K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	+0.363%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	+0.249%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4071	−0.066%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4082	−0.041%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4160	+0.136%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	+0.136%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	0.000%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4037	−0.143%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4095	−0.011%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0163%	1h	4.4055	−0.102%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.204%	$13.8M	$32.9M	75x	as long as short
Aster NEARUSDT	+0.0307%	8h	4.4090	−0.022%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4043	−0.130%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0331%	1h	4.4089	−0.025%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4091	−0.020%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0367%	1h	4.4106	+0.014%	$363.8M	$324.9M	10x	as long as short
Extended NEAR-USD	+0.0416%	1h	4.4097	−0.007%	$4.0M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0552%	1h	4.4019	−0.184%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4100	0.000%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4072	−0.064%	$8.1M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.4132	+0.073%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0726%	1h	4.4087	−0.029%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.503%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4093	−0.017%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0968%	1h	4.4146	+0.105%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.4142	+0.095%	$5K	$12K	10x	as long as short