Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against Variational Omni+0.450%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.450% dearer against Variational Omni than usual: you sell high and buy low (spread +0.450% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 55 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.2869	0.0019	pay 0.0019% / 8h	7h 52m	$7.9M	$18.5M	—
Short	01 Exchange NEARUSD	4.3062	−0.0008	pay 0.0001% / 1h	52m 04s	$13K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.450%Rate

Funding earned: −$5.76
Price spread: +0.450% → 0.000%: $44.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $32.21
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: no order-book sample. 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, 2 min ago	3.88 bp	doesn't fit	10.8 bp −$108	27.5 bp −$2,749	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phemex NEARUSDT	−0.1191%	8h	4.2960	+0.212%	$3.8M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3013	+0.336%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2967	+0.228%	$7.6M	$37.1M	50x	as long as short
Bybit NEARUSDT	−0.0114%	8h	4.2970	+0.235%	$219.0M	$419.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2951	+0.191%	$2.3M	$13.0M	50x	as long as short
01 Exchange NEARUSDshort	−0.0008%	1h	4.3062	+0.450%	$13K	$7K	10x
dYdX NEAR-USD	0.0000%	1h	4.3049	+0.419%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3071	+0.471%	$378K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3002	+0.310%	$204K	—	150x	as long as short
Variational Omni NEARlong	+0.0019%	8h	4.2869	long leg	$7.9M	$18.5M	—

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.404%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3050	+0.422%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2967	+0.228%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3041	+0.401%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3006	+0.320%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3042	+0.403%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3000	+0.305%	$255.3M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2980	+0.258%	$61.1M	$281.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3050	+0.422%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.520%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2948	+0.184%	$31.0M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2950	+0.188%	$79.8M	$138.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2960	+0.212%	$56.1M	$43.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2934	+0.151%	$71.2M	$125.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2940	+0.165%	—	$141.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.185%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2819	−0.118%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.208%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3046	+0.412%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3110	+0.562%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2948	+0.184%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3040	+0.398%	$459K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2934	+0.151%	$3.9M	$16.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2969	+0.232%	$200K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3090	+0.515%	$13.0M	$29.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0239%	1h	4.2983	+0.265%	$1.9M	$2.9M	25x	as long as short
Hyperliquid NEAR	+0.0333%	1h	4.2990	+0.282%	$366.7M	$299.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3051	+0.424%	$275K	—	100x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.3015	+0.340%	$1.6M	$6.8M	10x	as long as short
Nado NEAR-PERP	+0.0421%	1h	4.3011	+0.331%	$1.9M	$3.4M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3069	+0.466%	$409K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0492%	1h	4.2982	+0.263%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2848	−0.049%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1198%	1h	4.2977	+0.251%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2184%	1h	4.3090	+0.514%	$17.2M	$23.8M	15x	as long as short