Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0543%/8h= +59.5% APRpaid last 24h +0.097%

Price spread now: Deribit against Variational Omni+0.093%7-day average +0.074% · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.281%+$28 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.093%, 7d avg +0.074%

Together, before fees+0.030%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.3658	0.0100	pay 0.0100% / 8h	14m 10s	$8.9M	$18.6M	—
Short	Deribit NEAR_USDC-PERPETUAL	4.3699	0.0643	get 0.0080% / 1h	14m 10s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.093%Rate

Funding earned: $114.03
Price spread: +0.093% → +0.074%: $1.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $109
Costs to cover: 0.070%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Deribit: live order book, 5 min ago. 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 Variational Omni RFQ quote, 5 min ago	3.87 bp	doesn't fit	10.4 bp −$104	33.8 bp −$3,379	doesn't fit
Sell Deribit live order book, 5 min ago	3.43 bp	6.9 bp −$7	14.3 bp −$143	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	4.3615	−0.099%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3616	−0.096%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3625	−0.077%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3631	−0.062%	$7.1M	$38.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.150%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3600	−0.133%	$113K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3656	−0.005%	$220.5M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3650	−0.019%	$61.2M	$295.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	−0.132%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3655	−0.007%	$35.8M	$62.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3670	+0.027%	$52.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3671	+0.029%	$72.2M	$127.9M	75x	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.3658	long leg	$8.9M	$18.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.3701	+0.098%	$253K	$901K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3600	−0.134%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3590	−0.156%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3612	−0.106%	$277K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3681	+0.052%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3740	+0.187%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3670	+0.027%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3660	+0.004%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3652	−0.014%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3652	−0.013%	$3.6M	$16.7M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3680	+0.050%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0135%	8h	4.3663	+0.011%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0146%	1h	4.3702	+0.100%	$352.2M	$316.0M	10x	as long as short
HTX NEAR-USDT	+0.0152%	8h	4.3660	+0.004%	$465K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0165%	8h	4.3667	+0.021%	$264.1M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0167%	8h	4.3680	+0.050%	$89.0M	$153.0M	200x	as long as short
Kalshi KXNEARPERP	+0.0177%	8h	4.3669	+0.025%	$981K	$25.1M	2.2x	as long as short
BingX NEAR-USDT	+0.0178%	8h	4.3670	+0.027%	—	$144.3M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3619	−0.090%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0288%	8h	4.3620	−0.088%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0237%	1h	4.3626	−0.074%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3576	−0.189%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0461%	1h	4.3694	+0.082%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3667	+0.020%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.3714	+0.128%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3718	+0.137%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3610	−0.110%	$229K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0643%	1h	4.3699	+0.093%	$1.9M	$13.1M	25x
Pacifica NEAR	+0.0949%	1h	4.3644	−0.033%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3794	+0.311%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3608	−0.115%	$609K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1130%	1h	4.3611	−0.108%	$5K	$7K	10x	as long as short