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 +0.129%

Price spread now: HTX against Phemex+0.303%7-day average +0.239% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.636%+$64 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.303%, 7d avg +0.239%

Together, before fees+0.527%+$53 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: HTX is 0.063% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.239%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.2970	0.0100	pay 0.0100% / 8h	7h 45m	$3.8M	$8.5M	50x
Short	HTX NEAR-USDT	4.3100	0.0100	get 0.0100% / 8h	7h 45m	$458K	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.303%Rate

Funding earned: $0
Price spread: +0.303% → +0.239%: $6.35
Slippage, 4 orders: −$63.16
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$80.81
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; HTX: live order book, 4 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 Phemex live order book, 4 min ago	3.49 bp	19.7 bp −$20	52.9 bp −$529	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	11.60 bp	24.8 bp −$25	81.1 bp −$811	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	4.2843	−0.296%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0147%	8h	4.2809	−0.375%	$218.4M	$418.8M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2862	−0.251%	$7.5M	$37.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2909	−0.142%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2866	−0.242%	$111K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.2896	−0.172%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2913	−0.133%	$377K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2846	−0.288%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0008%	8h	4.2958	−0.027%	$8.0M	$18.7M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.630%	$578	$302K	12x	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	+0.0056%	8h	4.2828	−0.330%	$30.8M	$58.7M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2900	−0.163%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2841	−0.300%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2869	−0.236%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2923	−0.110%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2893	−0.178%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2831	−0.323%	$254.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2790	−0.419%	$60.9M	$278.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2910	−0.140%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	+0.186%	$245K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2870	−0.233%	$79.5M	$138.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2890	−0.186%	$56.1M	$43.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2809	−0.375%	$71.0M	$124.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2830	−0.326%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3101	+0.305%	$277K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3108	+0.321%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2900	−0.163%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2892	−0.182%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2880	−0.209%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2830	−0.326%	$5K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3100	+0.303%	$458K	$3.6M	75x
Phemex NEARUSDTlong	+0.0100%	8h	4.2970	long leg	$3.8M	$8.5M	50x
Extended NEAR-USD	+0.0104%	1h	4.2801	−0.393%	$3.9M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2825	−0.337%	$199K	$28K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0217%	1h	4.2860	−0.256%	$1.9M	$3.0M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2970	0.000%	$13.1M	$29.1M	75x	as long as short
Hyperliquid NEAR	+0.0257%	1h	4.2921	−0.114%	$365.5M	$300.5M	10x	as long as short
Lighter RH NEAR	+0.0288%	1h	4.2916	−0.126%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2851	−0.276%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2914	−0.130%	$408K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0466%	1h	4.2873	−0.225%	$1.9M	$3.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0468%	1h	4.2967	−0.007%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.468%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1278%	1h	4.2969	−0.001%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2176%	1h	4.2998	+0.064%	$17.2M	$23.9M	15x	as long as short