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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0313%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.094%
Price spread now: Nado against Popdex+0.045%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.320% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.115%+$11 on $10k
Price spread, last 4 days (all we have)+0.290%+$29 · spread now +0.045%, 7d avg +0.001%
Together, before fees+0.405%+ Points / potential airdropNado: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Nado is 0.044% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.34500.0096pay 0.0012% / 1h48m 03s$106K$492K50x
ShortNado NEAR-PERP4.34690.0409get 0.0051% / 1h48m 03s$1.7M$3.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$65.69
Price spread: +0.045% → +0.001%
$4.37
Slippage, 4 orders
−$18.62
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$38.03
Costs to cover
0.320%
Break-even
2.9 days
Slippage from Popdex: live order book, 56 min ago; Nado: live order book, 1 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, 56 min ago3.34 bp10.3 bp −$1055.2 bp −$552doesn't fitdoesn't fit
Sell Nado live order book, 1 min ago0.34 bp8.5 bp −$921.8 bp −$218doesn'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%1h4.3497+0.109%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3507+0.132%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3490+0.091%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3492+0.097%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.695%$578$301K12xas long as short
Popdex NEARUSDTlong+0.0096%1h4.3450long leg$106K$492K50x
Bybit NEARUSDT+0.0100%8h4.3507+0.131%$219.4M$430.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3480+0.069%$61.1M$292.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3597+0.338%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3501+0.117%$35.5M$61.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3550+0.230%$52.7M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3486+0.083%$72.0M$128.0M75xas long as short
Variational Omni NEAR+0.0100%8h4.3467+0.038%$8.6M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3475+0.058%$252K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3486+0.084%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3500+0.115%$164K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3504+0.124%$282K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3524+0.170%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3560+0.253%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3520+0.161%$5K$53K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3530+0.184%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3522+0.165%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3493+0.100%$3.6M$17.5M25xas long as short
HTX NEAR-USDT+0.0104%8h4.3600+0.345%$454K$3.8M75xas long as short
Aevo NEAR-PERP+0.0136%1h4.3530+0.184%$202K$38K3xas long as short
BingX NEAR-USDT+0.0204%8h4.3490+0.092%$144.9Mas long as short
Kalshi KXNEARPERP+0.0205%8h4.3489+0.090%$956K$25.2M2.2xas long as short
MEXC NEAR_USDT+0.0216%8h4.3510+0.138%$80.6M$149.1M200xas long as short
Binance NEARUSDT+0.0217%8h4.3470+0.046%$264.1M$1.09B75xas long as short
Aster NEARUSDT+0.0232%8h4.3488+0.086%$2.7M$4.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0202%1h4.3478+0.064%$233K100xas long as short
BloFin NEAR-USDT+0.0337%8h4.3670+0.506%$13.4M$32.2M75xas long as short
01 Exchange NEARUSD+0.0360%1h4.3462+0.028%$13K$7K10xas long as short
Nado NEAR-PERPshort+0.0409%1h4.3469+0.045%$1.7M$3.2M10x
Hyperliquid NEAR+0.0460%1h4.3533+0.191%$352.2M$315.9M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3522+0.166%$2.3M$16.9M50xas long as short
Backpack NEAR_USDC_PERP+0.0505%1h4.3524+0.170%$1.2M$6.9M20xas long as short
Arcus NEAR-USD+0.0638%1h4.3520+0.161%$229K$1.6M10xas long as short
Lighter RH NEAR+0.0664%1h4.3595+0.334%$1.5M$6.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0715%1h4.3550+0.230%$1.9M$13.0M25xas long as short
Lighter NEAR+0.0856%1h4.3595+0.335%$17.2M$24.9M15xas long as short
Pacifica NEAR+0.0949%1h4.3518+0.156%$410K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3382−0.157%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3486+0.083%$637K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1301%1h4.3484+0.079%$5K$7K10xas long as short