Funding arb · Price arb /

NEAR

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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: Bitget against OKX−0.047%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.047%, 7d avg −0.006%

Together, before fees−0.055%−$5 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: Bitget is 0.040% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.2850	0.0100	pay 0.0100% / 8h	2h 49m	$60.4M	$285.3M	50x
Short	Bitget NEARUSDT	4.2830	0.0100	get 0.0100% / 8h	2h 49m	$70.8M	$127.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.006%: −$4.04
Slippage, 4 orders: −$12.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.29
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: 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 OKX live order book, 5 min ago	1.17 bp	8.1 bp −$8	14.0 bp −$140	32.1 bp −$3,215	doesn't fit
Sell Bitget live order book, 5 min ago	0.12 bp	11.2 bp −$11	16.7 bp −$167	33.4 bp −$3,339	doesn't fit

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	4.2843	−0.016%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2836	−0.032%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2809	−0.096%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.361%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2810	−0.093%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2871	+0.048%	$261.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2825	−0.058%	$212.6M	$423.8M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.2850	long leg	$60.4M	$285.3M	50x
Bulk NEAR-USD	+0.0100%	1h	4.2835	−0.034%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2800	−0.117%	$32.0M	$59.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2870	+0.047%	$70.5M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2840	−0.023%	$53.0M	$45.7M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.2830	−0.047%	$70.8M	$127.7M	75x
BingX NEAR-USDC	+0.0100%	8h	4.2820	−0.070%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.052%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2783	−0.155%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.076%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2844	−0.014%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2856	+0.014%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2910	+0.140%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2920	+0.163%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2830	−0.047%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2818	−0.076%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2895	+0.105%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2900	+0.117%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2833	−0.040%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2841	−0.021%	$834K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0274%	1h	4.2838	−0.027%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2812	−0.089%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.2860	+0.023%	$2.8M	$5.4M	50x	as long as short
ApeX Omni NEARUSDT	+0.0347%	1h	4.2880	+0.070%	$165K	$794K	50x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.2830	−0.048%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0604%	1h	4.2805	−0.105%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0672%	1h	4.2837	−0.030%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0681%	1h	4.2860	+0.023%	$350.0M	$311.2M	10x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.2891	+0.096%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2811	−0.091%	$7.6M	$38.7M	50x	as long as short
Lighter NEAR	+0.0792%	1h	4.2860	+0.024%	$16.8M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2860	+0.023%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2880	+0.070%	$392K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0895%	1h	4.2858	+0.019%	$1.9M	$10.8M	25x	as long as short
Lighter RH NEAR	+0.0968%	1h	4.2869	+0.044%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.054%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2849	−0.002%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1481%	1h	4.2875	+0.058%	$5K	$12K	10x	as long as short