Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%
Price spread now: Aevo against Popdex+0.181%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$650.650% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.181%, 7d avg +0.002%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.179% dearer against Popdex than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.34400.0096pay 0.0012% / 1h10m 55s$112K$499K50x
ShortAevo NEAR-PERP4.35190.0120get 0.0015% / 1h10m 55s$202K$38K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Popdex. 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

Funding earned
$5.04
Price spread: +0.181% → +0.002%
$17.89
Slippage, 4 orders
−$42.62
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$42.09
Costs to cover
0.650%
Break-even
65.5 days
Slippage from Popdex: live order book, 28 min ago; Aevo: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 28 min ago2.31 bp7.4 bp −$769.8 bp −$698doesn't fitdoesn't fit
Sell Aevo live order book, 28 min ago10.41 bp25.0 bp −$25doesn't fitdoesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3419−0.048%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3460+0.045%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3451+0.025%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3528+0.202%$7.1M$38.2M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.673%$578$301K12xas long as short
Popdex NEARUSDTlong+0.0096%1h4.3440long leg$112K$499K50x
Bybit NEARUSDT+0.0100%8h4.3518+0.180%$219.8M$428.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3510+0.161%$61.1M$294.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3601+0.370%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3517+0.177%$35.7M$62.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3540+0.230%$52.8M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3522+0.189%$72.0M$127.9M75xas long as short
Variational Omni NEAR+0.0100%8h4.3490+0.114%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3647+0.476%$253K$902K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3469+0.066%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3540+0.230%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3464+0.055%$277K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3487+0.108%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3500+0.138%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3495+0.127%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3510+0.161%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3468+0.065%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3511+0.164%$3.6M$16.6M25xas long as short
Aevo NEAR-PERPshort+0.0120%1h4.3519+0.181%$202K$38K3x
Aster NEARUSDT+0.0127%8h4.3515+0.173%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0139%1h4.3550+0.253%$350.9M$316.1M10xas long as short
HTX NEAR-USDT+0.0153%8h4.3640+0.460%$465K$3.8M75xas long as short
MEXC NEAR_USDT+0.0159%8h4.3520+0.184%$87.8M$153.6M200xas long as short
Binance NEARUSDT+0.0159%8h4.3530+0.207%$263.6M$1.09B75xas long as short
BingX NEAR-USDT+0.0171%8h4.3520+0.184%$144.4Mas long as short
Kalshi KXNEARPERP+0.0174%8h4.3472+0.074%$981K$25.1M2.2xas long as short
01 Exchange NEARUSD+0.0232%1h4.3449+0.021%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0279%8h4.3500+0.138%$13.3M$32.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0339% / S −0.0239%1h4.3504+0.147%$252K100xas long as short
Nado NEAR-PERP+0.0388%1h4.3425−0.035%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0456%1h4.3559+0.274%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3595+0.357%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0504%1h4.3562+0.281%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0560%1h4.3576+0.314%$17.2M$25.4M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3460+0.046%$228K$1.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0854%1h4.3527+0.200%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3469+0.068%$409K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3782+0.787%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3446+0.014%$608K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1129%1h4.3533+0.214%$5K$7K10xas long as short