Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.051%

Price spread now: Bybit against 01 Exchange−0.009%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.4684	0.0544	pay 0.0068% / 1h	46m 49s	$13K	$7K	10x
Short	Bybit NEARUSDT	4.4680	0.0100	get 0.0100% / 8h	1h 46m	$229.9M	$428.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$93.24
Price spread: −0.009% → 0.000%: −$0.9
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.11 bp	8.2 bp −$8	13.7 bp −$137	32.0 bp −$3,201	184.2 bp −$92.1K

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	4.4658	−0.058%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4641	−0.096%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4670	−0.031%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.327%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4670	−0.031%	$110K	$495K	50x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.4680	−0.009%	$229.9M	$428.4M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4650	−0.076%	$63.1M	$299.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.711%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4675	−0.020%	$34.8M	$60.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4710	+0.058%	$53.4M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4653	−0.069%	$73.9M	$126.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.260%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4914	+0.515%	$262K	$966K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4679	−0.011%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4725	+0.092%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4780	+0.215%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4730	+0.103%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4710	+0.058%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4682	−0.005%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4641	−0.096%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4730	+0.103%	$208K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0176%	8h	4.4690	+0.013%	—	$143.8M	—	as long as short
MEXC NEAR_USDT	+0.0181%	8h	4.4700	+0.036%	$85.9M	$145.1M	200x	as long as short
Binance NEARUSDT	+0.0181%	8h	4.4700	+0.036%	$271.3M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0251%	1h	4.4725	+0.092%	$5K	$52K	10x	as long as short
ApeX Omni NEARUSDT	+0.0253%	1h	4.4940	+0.573%	$169K	$805K	50x	as long as short
BloFin NEAR-USDT	+0.0301%	8h	4.4780	+0.215%	$13.5M	$33.0M	75x	as long as short
Kalshi KXNEARPERP	+0.0303%	8h	4.4737	+0.119%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4677	−0.016%	$239K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4700	+0.036%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0360%	1h	4.4673	−0.025%	$3.7M	$18.9M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4731	+0.105%	$2.3M	$16.4M	50x	as long as short
Nado NEAR-PERP	+0.0496%	1h	4.4815	+0.293%	$1.8M	$3.2M	10x	as long as short
01 Exchange NEARUSDlong	+0.0544%	1h	4.4684	long leg	$13K	$7K	10x
Backpack NEAR_USDC_PERP	+0.0601%	1h	4.4768	+0.188%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0653%	1h	4.4685	+0.003%	$7.4M	$38.3M	50x	as long as short
Hyperliquid NEAR	+0.0689%	1h	4.4795	+0.248%	$368.6M	$308.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0846%	1h	4.4741	+0.128%	$2.0M	$12.3M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4740	+0.125%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.4828	+0.322%	$17.6M	$24.7M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.709%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1040%	1h	4.4796	+0.251%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4712	+0.063%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1206%	1h	4.4651	−0.073%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4667	−0.038%	$678K	$1.4M	10x	as long as short