Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.240%

Price spread now: Binance against Arcus−0.072%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.317%−$32 on $10k

Price spread, last 7 days+0.124%+$12 · spread now −0.072%, 7d avg −0.026%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.047% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.1450	0.0118	pay 0.0015% / 1h	27m 27s	$307K	$1.6M	10x
Short	Binance NEARUSDT	4.1420	0.0100	get 0.0100% / 8h	2h 27m	$235.9M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.072%Rate

Funding earned: −$3.78
Price spread: −0.072% → −0.026%: −$4.68
Slippage, 4 orders: −$12.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.24
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Binance: live order book, 17 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 Arcus live order book, 2 min ago	3.61 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Binance live order book, 17 min ago	1.22 bp	7.0 bp −$7	11.2 bp −$112	28.9 bp −$2,889	103.8 bp −$51.9K

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	4.1389	−0.146%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1456	+0.014%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1397	−0.127%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1486	+0.087%	$413K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1434	−0.039%	$205K	—	150x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0015%	1h	4.1459	+0.022%	$1.8M	$2.1M	25x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.737%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1430	−0.048%	$109K	$491K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1417	−0.079%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1437	−0.030%	$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	4.1431	−0.047%	$366K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.1420	−0.072%	$235.9M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1410	−0.097%	$210.8M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1420	−0.072%	$56.6M	$277.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1550	+0.241%	$237K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1413	−0.089%	$29.5M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1420	−0.072%	$81.3M	$143.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1440	−0.024%	$56.0M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1428	−0.053%	$69.0M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1420	−0.072%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1573	+0.297%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1554	+0.250%	$236K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1538	+0.211%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1610	+0.386%	$183K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1440	−0.024%	$201K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1442	−0.019%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1480	+0.072%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1420	−0.072%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1390	−0.145%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1412	−0.091%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1431	−0.046%	$201K	$65K	3x	as long as short
Arcus NEAR-USDlong	+0.0118%	1h	4.1450	long leg	$307K	$1.6M	10x
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1404	−0.112%	$7.0M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1540	+0.217%	$12.3M	$33.9M	75x	as long as short
01 Exchange NEARUSD	+0.0224%	1h	4.1447	−0.007%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1479	+0.070%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0343%	1h	4.1416	−0.082%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1423	−0.066%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1453	+0.007%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1501	+0.123%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0789%	1h	4.1434	−0.039%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0832%	1h	4.1489	+0.094%	$15.4M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.0972%	1h	4.1455	+0.013%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1040%	1h	4.1475	+0.060%	$348.8M	$301.8M	10x	as long as short
HTX NEAR-USDT	+0.1115%	8h	4.1620	+0.410%	$447K	$3.8M	75x	as long as short