Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.013%

Price spread now: OKX against 01 Exchange0.000%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 OKX

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: −$4 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	4.4060	0.0240	pay 0.0030% / 1h	36m 28s	$13K	$7K	10x
Short	OKX NEAR-USDT-SWAP	4.4060	0.0100	get 0.0100% / 8h	4h 36m	$62.4M	$299.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$29.4
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$46.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.13 bp	10.8 bp −$11	25.7 bp −$257	49.6 bp −$4,963	doesn't fit

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	4.3944	−0.264%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3977	−0.188%	$2.2M	$15.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4070	+0.023%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3968	−0.209%	$609K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3993	−0.152%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.015%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3990	−0.159%	$116K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4074	+0.031%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4017	−0.097%	$269.2M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4030	−0.068%	$221.3M	$424.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4060	0.000%	$62.4M	$299.3M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4550	+1.112%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3975	−0.193%	$31.9M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4010	−0.113%	$74.7M	$148.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3950	−0.250%	$54.6M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3957	−0.234%	$72.2M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4010	−0.113%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+1.150%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4195	+0.306%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+1.237%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4150	+0.204%	$170K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4038	−0.050%	$236K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4073	+0.030%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4120	+0.136%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4015	−0.102%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4090	+0.068%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4030	−0.068%	$3.8M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4027	−0.075%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4096	+0.083%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0147%	1h	4.4007	−0.120%	$362.9M	$324.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0192%	1h	4.4022	−0.086%	$1.3M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4010	−0.113%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4000	−0.136%	$13.8M	$32.7M	75x	as long as short
01 Exchange NEARUSDlong	+0.0240%	1h	4.4060	long leg	$13K	$7K	10x
Aster NEARUSDT	+0.0286%	8h	4.4037	−0.052%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.3985	−0.170%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.4116	+0.127%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.3950	−0.250%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4110	+0.113%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0590%	1h	4.4040	−0.046%	$8.1M	$39.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0591%	1h	4.4038	−0.050%	$1.9M	$6.8M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4338	+0.631%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4159	+0.225%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4083	+0.053%	$560K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.4307	+0.560%	$6K	$12K	10x	as long as short