Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.131%

Price spread now: HTX against Popdex+0.466%7-day average +0.235% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$640.645% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.386%+$39 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.466%, 7d avg +0.235%

Together, before fees+0.248%+$25 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 0.231% dearer against Popdex than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.235%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex NEARUSDT	4.2900	0.0096	pay 0.0012% / 1h	45m 15s	$112K	$478K	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 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

Position, each leg$Hold fordaysFee PopdexbpFee HTXbpOrdersPrice spread, now +0.466%Rate

Funding earned: $0.84
Price spread: +0.466% → +0.235%: $23.15
Slippage, 4 orders: −$46.05
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.46
Costs to cover: 0.645%
Break-even: 344.2 days

Slippage from Popdex: live order book, 29 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 Popdex live order book, 29 min ago	1.17 bp	6.5 bp −$7	80.1 bp −$801	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	−0.133%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0147%	8h	4.2809	−0.212%	$218.4M	$418.8M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2862	−0.088%	$7.5M	$37.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2909	+0.021%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2866	−0.079%	$111K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.2896	−0.009%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2913	+0.030%	$377K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2846	−0.125%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0008%	8h	4.2958	+0.136%	$8.0M	$18.7M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.473%	$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	−0.168%	$30.8M	$58.7M	75x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.2900	long leg	$112K	$478K	50x
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2841	−0.138%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2869	−0.073%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2923	+0.053%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2893	−0.015%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2831	−0.160%	$254.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2790	−0.256%	$60.9M	$278.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2910	+0.023%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	+0.350%	$245K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2870	−0.070%	$79.5M	$138.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2890	−0.023%	$56.1M	$43.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2809	−0.212%	$71.0M	$124.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2830	−0.163%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3101	+0.468%	$277K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3108	+0.485%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2900	0.000%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2892	−0.019%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2880	−0.047%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2830	−0.163%	$5K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3100	+0.466%	$458K	$3.6M	75x
Phemex NEARUSDT	+0.0100%	8h	4.2970	+0.163%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2801	−0.230%	$3.9M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2825	−0.175%	$199K	$28K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0217%	1h	4.2860	−0.093%	$1.9M	$3.0M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2970	+0.163%	$13.1M	$29.1M	75x	as long as short
Hyperliquid NEAR	+0.0257%	1h	4.2921	+0.049%	$365.5M	$300.5M	10x	as long as short
Lighter RH NEAR	+0.0288%	1h	4.2916	+0.037%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2851	−0.113%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2914	+0.033%	$408K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0466%	1h	4.2873	−0.062%	$1.9M	$3.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0468%	1h	4.2967	+0.156%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.632%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1278%	1h	4.2969	+0.162%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2176%	1h	4.2998	+0.227%	$17.2M	$23.9M	15x	as long as short