Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Aevo+0.160%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.617%−$62 · spread now +0.160%, 7d avg −0.017%

Together, before fees−0.656%−$66 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: MEXC is 0.176% dearer against Aevo than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.1264	0.0104	pay 0.0013% / 1h	8m 34s	$200K	$61K	3x
Short	MEXC NEAR_USDT	4.1330	0.0100	get 0.0100% / 8h	2h 08m	$80.4M	$144.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$0.84
Price spread: +0.160% → −0.017%: $17.65
Slippage, 4 orders: −$48.73
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$47.93
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Aevo: live order book, 15 min ago; MEXC: live order book, 11 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, 15 min ago	19.39 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 11 min ago	1.21 bp	1.6 bp −$2	4.1 bp −$41	13.2 bp −$1,316	50.8 bp −$25.4K

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	4.1195	−0.168%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1221	−0.104%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1354	+0.217%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1130	−0.325%	$396K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1246	−0.044%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.354%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1380	+0.281%	$108K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1261	−0.007%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1344	+0.195%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1383	+0.288%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1354	+0.218%	$348K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1370	+0.257%	$235.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1370	+0.257%	$210.6M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1370	+0.257%	$56.4M	$275.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.276%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1351	+0.211%	$29.4M	$58.4M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.1330	+0.160%	$80.4M	$144.8M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1360	+0.233%	$55.9M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1342	+0.189%	$68.7M	$127.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1340	+0.184%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.364%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1110	−0.374%	$234K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1103	−0.391%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1130	−0.325%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1220	−0.107%	$199K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1240	−0.058%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1260	−0.010%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1310	+0.111%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1341	+0.186%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.1264	long leg	$200K	$61K	3x
Arcus NEAR-USD	+0.0118%	1h	4.1380	+0.281%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1294	+0.073%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.1394	+0.315%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0186%	1h	4.1302	+0.092%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1270	+0.014%	$12.3M	$33.6M	75x	as long as short
Lighter RH NEAR	+0.0256%	1h	4.1384	+0.291%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.1166	−0.237%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1233	−0.076%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1391	+0.309%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1233	−0.075%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0740%	1h	4.1365	+0.245%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0760%	1h	4.1400	+0.331%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0873%	1h	4.1407	+0.346%	$347.6M	$298.8M	10x	as long as short
Aftermath Perps NEARUSD	+0.0929%	1h	4.1231	−0.081%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1073%	8h	4.1330	+0.160%	$444K	$3.7M	75x	as long as short