Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h +0.050%

Price spread now: 01 Exchange against Phemex+0.047%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.047% dearer against Phemex than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.4430	0.0100	pay 0.0100% / 8h	5h 27m	$3.5M	$8.2M	50x
Short	01 Exchange NEARUSD	4.4451	−0.0008	pay 0.0001% / 1h	27m 07s	$13K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$22.68
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$36.95
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; 01 Exchange: no order-book sample. 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 Phemex live order book, 5 min ago	7.87 bp	20.3 bp −$20	56.2 bp −$562	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 exchanges

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
Kraken Futures PF_NEARUSD	−0.0238%	1h	4.4385	−0.102%	$7.3M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4410	−0.046%	$2K	—	20x	as long as short
01 Exchange NEARUSDshort	−0.0008%	1h	4.4451	+0.047%	$13K	$4K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4460	+0.068%	$748K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4466	+0.081%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.797%	$578	$301K	12x	as long as short
dYdX NEAR-USD	+0.0037%	1h	4.4434	+0.010%	$109K	$53K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.4427	−0.007%	$16.9M	$24.8M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4440	+0.023%	$122K	$502K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4424	−0.012%	$2.7M	$4.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4423	−0.016%	$267.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4399	−0.070%	$228.4M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4380	−0.113%	$63.5M	$296.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4650	+0.495%	$266K	$13K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4410	−0.045%	$39.7M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4430	0.000%	$71.7M	$169.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4440	+0.023%	$54.1M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4386	−0.099%	$74.0M	$127.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4410	−0.045%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4475	+0.100%	$8.7M	$16.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4388	−0.094%	$263K	$862K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4462	+0.073%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4380	−0.113%	$165K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4435	+0.011%	$206K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4401	−0.065%	$55K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4490	+0.135%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4408	−0.050%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	+0.135%	$466K	$3.6M	75x	as long as short
Phemex NEARUSDTlong	+0.0100%	8h	4.4430	long leg	$3.5M	$8.2M	50x
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4449	+0.043%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4390	−0.090%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4404	−0.058%	$206K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0111%	1h	4.4452	+0.050%	$357.5M	$313.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0034%	1h	4.4403	−0.062%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0200%	1h	4.4449	+0.043%	$1.5M	$5.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4410	−0.045%	$12.7M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0262%	1h	4.4455	+0.056%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4470	+0.090%	$224K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4453	+0.051%	$637K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4521	+0.205%	$2.3M	$17.4M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0539%	1h	4.4432	+0.005%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0673%	1h	4.4441	+0.025%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4450	+0.045%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4524	+0.213%	$418K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0920%	1h	4.4467	+0.083%	$6K	$6K	10x	as long as short