Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo+0.400%72s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2162.164% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now +0.400%, 7d avg −0.010%

Together, before fees−0.381%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.410% dearer against Aevo than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3409	0.0104	pay 0.0013% / 1h	50m 08s	$202K	$40K	3x
Short	edgeX NEARUSDC	4.3582	0.0100	get 0.0050% / 4h	3h 50m	$255K	$948K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now +0.400%Rate

Funding earned: −$0.84
Price spread: +0.400% → −0.010%: $40.99
Slippage, 4 orders: −$191.37
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$176.22
Costs to cover: 2.164%
Break-even: never at this rate

Slippage from Aevo: live order book, 4 min ago; edgeX: live order book, 59 min ago.

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 Aevo live order book, 4 min ago	85.15 bp	93.2 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 59 min ago	10.08 bp	15.2 bp −$15	35.7 bp −$357	doesn't fit	doesn't fit

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	4.3418	+0.022%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3462	+0.122%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3372	−0.084%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.604%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3452	+0.100%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3400	−0.020%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3513	+0.240%	$267.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3471	+0.144%	$218.6M	$424.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3470	+0.141%	$62.0M	$292.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.835%	$249K	−$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	4.3463	+0.125%	$31.8M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3510	+0.233%	$73.8M	$143.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3510	+0.233%	$54.1M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3464	+0.127%	$71.3M	$129.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3480	+0.164%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	+0.204%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3582	+0.400%	$255K	$948K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3520	+0.256%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3560	+0.349%	$167K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3445	+0.084%	$246K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3450	+0.095%	$56K	$245K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	+0.233%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3580	+0.395%	$454K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3470	+0.141%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3445	+0.084%	$31K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3409	long leg	$202K	$40K	3x
Kalshi KXNEARPERP	+0.0114%	8h	4.3512	+0.238%	$573K	$22.7M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3540	+0.303%	$13.7M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3543	+0.309%	$414K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0308%	8h	4.3450	+0.094%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3390	−0.042%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0378%	1h	4.3445	+0.084%	$8K	$52K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3453	+0.102%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0528%	1h	4.3486	+0.178%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0595%	1h	4.3531	+0.282%	$358.4M	$318.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3450	+0.095%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0648%	1h	4.3388	−0.047%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0680%	1h	4.3420	+0.026%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3459	+0.117%	$7.7M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0880%	1h	4.3522	+0.261%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.480%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1087%	1h	4.3446	+0.086%	$1.9M	$8.2M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3433	+0.056%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.3553	+0.332%	$17.6M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1635%	1h	4.3635	+0.521%	$5K	$12K	10x	as long as short