Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.007%

Price spread now: Paradex against 01 Exchange−0.215%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Paradex is 0.215% cheaper against 01 Exchange than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.4104	0.0408	pay 0.0051% / 1h	51m 58s	$13K	$7K	10x
Short	Paradex NEAR-USD-PERP	4.4009	0.0101	get 0.0101% / 8h	5h 51m	$32K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.215%Rate

Funding earned: −$64.44
Price spread: −0.215% → 0.000%: −$21.51
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$96.96
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Paradex: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and Paradex: 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 44 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	4.4044	−0.135%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3764	−0.771%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3981	−0.280%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3858	−0.558%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4046	−0.131%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.108%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4060	−0.100%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3998	−0.241%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4090	−0.032%	$267.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4060	−0.100%	$222.5M	$416.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4050	−0.122%	$62.7M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−1.014%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4043	−0.138%	$31.7M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4060	−0.100%	$76.1M	$139.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4060	−0.100%	$55.0M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4042	−0.141%	$72.3M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4050	−0.122%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	−0.672%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3659	−1.010%	$267K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−1.013%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−1.120%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4090	−0.032%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4058	−0.104%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	−0.054%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4065	−0.088%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	+0.127%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4060	−0.100%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0101%	8h	4.4009	−0.215%	$32K	$608	10x
Extended NEAR-USD	+0.0104%	1h	4.4029	−0.169%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4079	−0.057%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.4090	−0.032%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0325%	1h	4.4055	−0.111%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0243%	1h	4.4024	−0.181%	$258K	—	100x	as long as short
01 Exchange NEARUSDlong	+0.0408%	1h	4.4104	long leg	$13K	$7K	10x
Arcus NEAR-USD	+0.0410%	1h	4.4070	−0.077%	$210K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0522%	1h	4.4095	−0.020%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0698%	1h	4.4129	+0.057%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4104	+0.001%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.4136	+0.073%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0841%	1h	4.4137	+0.075%	$371.7M	$304.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3900	−0.463%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4073	−0.070%	$556K	$1.3M	10x	as long as short
Lighter NEAR	+0.1008%	1h	4.4171	+0.151%	$17.6M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1665%	1h	4.3755	−0.791%	$6K	$12K	10x	as long as short