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: OKX against Orderly−0.383%7-day average −0.046% · you buy dearer than you sell

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.383%, 7d avg −0.046%

Together, before fees+0.210%+$21 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: OKX is 0.337% cheaper against Orderly than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.3356	0.0100	pay 0.0100% / 8h	3h 42m	$57K	$246K	20x
Short	OKX NEAR-USDT-SWAP	4.3190	0.0100	get 0.0100% / 8h	3h 42m	$61.7M	$290.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.383%Rate

Funding earned: $0
Price spread: −0.383% → −0.046%: −$33.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.15 bp	6.2 bp −$6	13.7 bp −$137	37.1 bp −$3,710	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
Reya NEARRUSDPERP	−0.0171%	1h	4.3355	−0.003%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3254	−0.235%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3315	−0.095%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.488%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3406	+0.115%	$2.3M	$16.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3360	+0.009%	$108K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3237	−0.275%	$265.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3195	−0.371%	$215.2M	$427.7M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3190	−0.383%	$61.7M	$290.5M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.101%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3170	−0.429%	$31.6M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3240	−0.268%	$73.6M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3310	−0.106%	$53.8M	$46.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3149	−0.477%	$70.8M	$128.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3180	−0.406%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.096%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.203%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	−0.327%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3100	−0.590%	$166K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3398	+0.097%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.3356	long leg	$57K	$246K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3450	+0.217%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3500	+0.332%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3370	+0.032%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3185	−0.395%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3350	−0.014%	$202K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.3392	+0.083%	$654K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3390	+0.078%	$13.8M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3278	−0.181%	$411K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3275	−0.187%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0194%	1h	4.3316	−0.092%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0421%	1h	4.3318	−0.088%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3350	−0.014%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3423	+0.155%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0614%	1h	4.3338	−0.041%	$355.9M	$320.6M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3240	−0.268%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0672%	1h	4.3154	−0.467%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0697%	1h	4.3380	+0.055%	$1.8M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3327	−0.067%	$7.6M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3355	−0.002%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	−0.125%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0997%	1h	4.3357	+0.002%	$2.0M	$8.8M	25x	as long as short
Lighter NEAR	+0.1152%	1h	4.3299	−0.131%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3232	−0.287%	$654K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1582%	1h	4.3407	+0.118%	$5K	$12K	10x	as long as short