Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.015%

Price spread now: Extended against OKX−0.039%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.039%, 7d avg −0.030%

Together, before fees+0.077%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.3230	0.0100	pay 0.0100% / 8h	57m 39s	$60.8M	$290.9M	50x
Short	Extended NEAR-USD	4.3213	0.0104	get 0.0013% / 1h	57m 39s	$3.6M	$17.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.84
Price spread: −0.039% → −0.030%: −$0.87
Slippage, 4 orders: −$12.17
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.2
Costs to cover: 0.272%
Break-even: 233.7 days

Slippage from OKX: live order book, 1 min ago; Extended: live order book, 1 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, 1 min ago	1.16 bp	7.3 bp −$7	14.7 bp −$147	44.8 bp −$4,483	doesn't fit
Sell Extended live order book, 1 min ago	0.46 bp	6.2 bp −$6	16.0 bp −$160	doesn't fit	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	4.3153	−0.179%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.289%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	−0.119%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3212	−0.041%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.210%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	−0.046%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3227	−0.007%	$218.6M	$431.4M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.3230	long leg	$60.8M	$290.9M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.184%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3215	−0.035%	$35.2M	$61.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3240	+0.023%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3221	−0.021%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.214%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3174	−0.130%	$250K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.177%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.185%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	−0.097%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3230	0.000%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3310	+0.185%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	−0.012%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.069%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	0.000%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3223	−0.017%	$31K	$585	10x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.3213	−0.039%	$3.6M	$17.7M	25x
Aevo NEAR-PERP	+0.0136%	1h	4.3242	+0.028%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3230	0.000%	—	$144.8M	—	as long as short
Kalshi KXNEARPERP	+0.0209%	8h	4.3114	−0.268%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3240	+0.023%	$76.2M	$147.9M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3210	−0.046%	$262.6M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3220	−0.023%	$2.7M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3180	−0.116%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3130	−0.231%	$13.4M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0386%	1h	4.3279	+0.113%	$1.3M	$7.0M	20x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3246	+0.037%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	−0.173%	$1.6M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0465%	1h	4.3260	+0.069%	$351.2M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3230	0.000%	$2.3M	$16.6M	50x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3250	+0.046%	$228K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3279	+0.114%	$17.0M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3283	+0.123%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0931%	1h	4.3252	+0.051%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3246	+0.036%	$407K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	−0.128%	$655K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.190%	$1.8M	$2.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3268	+0.089%	$5K	$12K	10x	as long as short