Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h +0.018%

Price spread now: BloFin against 01 Exchange+0.156%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. BloFin is 0.156% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.3532	0.0520	pay 0.0065% / 1h	15m 57s	$13K	$7K	10x
Short	BloFin NEAR-USDT	4.3600	0.0220	get 0.0220% / 8h	3h 15m	$13.6M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$63
Price spread: +0.156% → 0.000%: $15.62
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.38
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 8 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 8 min ago	5.77 bp	18.6 bp −$19	21.4 bp −$214	32.4 bp −$3,236	80.1 bp −$40.1K

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
Reya NEARRUSDPERP	−0.0171%	1h	4.3459	−0.167%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3473	−0.135%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3449	−0.191%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.875%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3494	−0.087%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3460	−0.165%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3530	−0.005%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3485	−0.108%	$215.1M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.096%	$61.6M	$289.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.647%	$246K	−$0	10x	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	+0.0100%	8h	4.3486	−0.106%	$32.2M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3490	−0.096%	$74.1M	$146.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3520	−0.028%	$54.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3486	−0.106%	$71.7M	$127.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3500	−0.074%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	−0.194%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.372%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.372%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3460	−0.165%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3492	−0.092%	$274K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3505	−0.062%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3560	+0.064%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3630	+0.225%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3520	−0.028%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3476	−0.129%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3515	−0.039%	$202K	$37K	3x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.3600	+0.156%	$13.6M	$32.3M	75x
Pacifica NEAR	+0.0263%	1h	4.3504	−0.064%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0282%	8h	4.3490	−0.096%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3447	−0.196%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3520	−0.028%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0364%	1h	4.3485	−0.108%	$6K	$53K	10x	as long as short
01 Exchange NEARUSDlong	+0.0520%	1h	4.3532	long leg	$13K	$7K	10x
Nado NEAR-PERP	+0.0559%	1h	4.3453	−0.182%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0587%	1h	4.3538	+0.014%	$356.5M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0597%	1h	4.3520	−0.028%	$1.3M	$6.7M	20x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3473	−0.136%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3520	−0.028%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3495	−0.085%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3554	+0.051%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.161%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0946%	1h	4.3528	−0.009%	$2.0M	$9.6M	25x	as long as short
Lighter NEAR	+0.1096%	1h	4.3558	+0.060%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3502	−0.069%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1578%	1h	4.3494	−0.088%	$5K	$13K	10x	as long as short