Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Polymarket Perps+0.184%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now +0.184%, 7d avg −0.011%

Together, before fees+0.329%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.195% dearer against Polymarket Perps than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.3520	0.0100	pay 0.0013% / 1h	16m 59s	$275K	$3.9M	10x
Short	BloFin NEAR-USDT	4.3600	0.0220	get 0.0220% / 8h	3h 16m	$13.6M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.184%Rate

Funding earned: $25.2
Price spread: +0.184% → −0.011%: $19.46
Slippage, 4 orders: −$22.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.27
Costs to cover: 0.424%
Break-even: 6.4 days

Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: live order book, 7 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 Polymarket Perps live order book, 2 min ago	0.12 bp	7.9 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	5.77 bp	18.6 bp −$19	21.4 bp −$214	32.4 bp −$3,236	80.1 bp −$40.1K

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	4.3492	−0.064%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3461	−0.135%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3479	−0.095%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.848%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3516	−0.009%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	−0.046%	$111K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3545	+0.057%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3503	−0.039%	$215.2M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.023%	$61.6M	$289.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.620%	$246K	−$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	4.3491	−0.067%	$32.2M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3530	+0.023%	$74.2M	$146.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3520	0.000%	$54.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3486	−0.078%	$71.7M	$127.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3510	−0.023%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.443%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.344%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.345%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3460	−0.138%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3520	long leg	$275K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3540	+0.046%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3590	+0.161%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.276%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3550	+0.069%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3446	−0.170%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3543	+0.052%	$202K	$37K	3x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.3600	+0.184%	$13.6M	$32.3M	75x
Pacifica NEAR	+0.0263%	1h	4.3487	−0.077%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0284%	8h	4.3496	−0.055%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3491	−0.066%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0324%	8h	4.3530	+0.023%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0367%	1h	4.3515	−0.011%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3553	+0.076%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3475	−0.103%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0590%	1h	4.3540	+0.046%	$356.5M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0595%	1h	4.3540	+0.046%	$1.3M	$6.7M	20x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3503	−0.039%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	+0.046%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3542	+0.050%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.3576	+0.129%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.188%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1015%	1h	4.3544	+0.055%	$1.9M	$9.5M	25x	as long as short
Lighter NEAR	+0.1104%	1h	4.3583	+0.145%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3530	+0.023%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.3502	−0.042%	$5K	$13K	10x	as long as short