Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.001%

Price spread now: Aevo against Orderly+0.004%7-day average +0.001% · you sell dearer than you buy

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

Long on Orderly Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.004%, 7d avg +0.001%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.2967	0.0099	pay 0.0099% / 8h	7h 52m	$57K	$193K	20x
Short	Aevo NEAR-PERP	4.2969	0.0104	get 0.0013% / 1h	52m 19s	$200K	$28K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now +0.004%Rate

Funding earned: $0.96
Price spread: +0.004% → +0.001%: $0.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.74
Costs to cover: 0.220%
Break-even: 158.3 days

Slippage unknown: Orderly: no order-book sample; Aevo: live order book, 21 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo live order book, 21 min ago	42.17 bp	50.2 bp −$50	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phemex NEARUSDT	−0.1191%	8h	4.2960	−0.016%	$3.8M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3013	+0.108%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2967	0.000%	$7.6M	$37.1M	50x	as long as short
Bybit NEARUSDT	−0.0114%	8h	4.2920	−0.109%	$218.8M	$419.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2951	−0.037%	$2.3M	$13.0M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.3062	+0.221%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3049	+0.190%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3071	+0.242%	$378K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3002	+0.082%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.228%	$7.9M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.624%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3050	+0.193%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDClong	+0.0099%	8h	4.2967	long leg	$57K	$193K	20x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3041	+0.172%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3079	+0.260%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3042	+0.175%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2952	−0.036%	$255.0M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.063%	$61.1M	$281.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3050	+0.193%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.747%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3034	+0.156%	$31.0M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3050	+0.193%	$79.5M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3060	+0.216%	$56.2M	$43.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2937	−0.070%	$71.2M	$125.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3020	+0.123%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.413%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2819	−0.345%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.435%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3046	+0.184%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3110	+0.333%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2948	−0.044%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3040	+0.170%	$459K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2934	−0.077%	$3.9M	$16.5M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.2969	+0.004%	$200K	$28K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.3090	+0.286%	$13.0M	$29.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0239%	1h	4.2983	+0.037%	$1.9M	$2.9M	25x	as long as short
Hyperliquid NEAR	+0.0349%	1h	4.3091	+0.289%	$367.5M	$299.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3051	+0.195%	$275K	—	100x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.3015	+0.112%	$1.6M	$6.8M	10x	as long as short
Nado NEAR-PERP	+0.0421%	1h	4.3011	+0.102%	$1.9M	$3.4M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3069	+0.238%	$409K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2848	−0.277%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0501%	1h	4.3131	+0.382%	$1.4M	$5.6M	20x	as long as short
Aftermath Perps NEARUSD	+0.1198%	1h	4.2977	+0.023%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2184%	1h	4.3090	+0.285%	$17.2M	$23.8M	15x	as long as short