Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against OKX+0.038%7-day average +0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.038%, 7d avg +0.034%

Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · farm board−$7 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	4.1220	0.0100	pay 0.0100% / 8h	3h 31m	$56.9M	$281.0M	50x
Short	Variational Omni NEAR	4.1236	0.0100	get 0.0100% / 8h	3h 31m	$7.5M	$18.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.034%: $0.37
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.63
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 4 min ago	1.22 bp	8.9 bp −$9	13.9 bp −$139	31.9 bp −$3,189	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.93 bp	doesn't fit	13.3 bp −$133	32.9 bp −$3,288	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	4.1210	−0.025%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1246	+0.062%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1258	+0.092%	$312K	$19.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1217	−0.008%	$200K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0008%	1h	4.1268	+0.116%	$2.1M	$12.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0013%	1h	4.1258	+0.092%	$7.2M	$34.9M	50x	as long as short
Extended NEAR-USD	+0.0056%	1h	4.1211	−0.022%	$3.6M	$14.4M	25x	as long as short
Injective NEAR/USDC PERP	+0.0081%	1h	4.1150	−0.170%	$574	$186K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1200	−0.049%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1215	−0.012%	$30K	$2K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1253	+0.079%	$2.8M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1255	+0.084%	$421K	$1.1M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1240	+0.049%	$238.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1208	−0.029%	$210.2M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.1220	long leg	$56.9M	$281.0M	50x
Arcus NEAR-USD	+0.0100%	1h	4.1260	+0.097%	$306K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1243	+0.056%	$29.6M	$56.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1240	+0.049%	$80.8M	$146.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1260	+0.097%	$56.0M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1246	+0.063%	$69.1M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1230	+0.024%	—	$6.6M	—	as long as short
Variational Omni NEARshort	+0.0100%	8h	4.1236	+0.038%	$7.5M	$18.4M	—
edgeX NEARUSDC	+0.0100%	4h	4.1300	+0.193%	$259K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1350	+0.316%	$1.4M	$1.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1330	+0.267%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1240	+0.049%	$230K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1211	−0.022%	$52K	$178K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1270	+0.121%	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1220	0.000%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1240	+0.049%	$3.8M	$8.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1350	+0.315%	$236K	$6K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1217	−0.007%	$199K	$64K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0138%	1h	4.1229	+0.022%	$1.8M	$2.0M	25x	as long as short
Lighter RH NEAR	+0.0176%	1h	4.1290	+0.170%	$1.5M	$7.3M	10x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.1260	+0.097%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1230	+0.024%	$12.4M	$33.2M	75x	as long as short
RISEx NEAR/USDC	+0.0365%	1h	4.1248	+0.067%	$392K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0370% / S −0.0316%	1h	4.1206	−0.034%	$272K	—	100x	as long as short
Nado NEAR-PERP	+0.0399%	1h	4.1210	−0.024%	$1.8M	$3.9M	10x	as long as short
Phoenix NEAR	+0.0474%	1h	4.1362	+0.344%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0562%	1h	4.1288	+0.165%	$1.4M	$4.9M	20x	as long as short
Lighter NEAR	+0.0968%	1h	4.1319	+0.239%	$15.3M	$22.4M	15x	as long as short
Aftermath Perps NEARUSD	+0.1165%	1h	4.1243	+0.056%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1185%	8h	4.1320	+0.243%	$442K	$3.9M	75x	as long as short
Hyperliquid NEAR	+0.1374%	1h	4.1352	+0.320%	$350.4M	$306.3M	10x	as long as short