Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0527%/8h= −57.8% APRpaid last 24h −0.109%

Price spread now: BingX against Arcus−0.046%7-day average — · 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−$41as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Arcus Short on BingX

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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BingX is 0.046% cheaper against Arcus than usual: you would sell low and buy high (−$5 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	Arcus NEAR-USD	4.3790	0.0627	pay 0.0078% / 1h	55m 16s	$215K	$1.6M	10x
Short	BingX NEAR-USDC	4.3770	0.0100	get 0.0100% / 8h	3h 55m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$110.76
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: −$22.08
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$151.91
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; BingX: live order book, 7 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, 4 min ago	2.28 bp	5.2 bp −$5	10.4 bp −$104	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	1.14 bp	13.7 bp −$14	21.7 bp −$217	63.1 bp −$6,311	466.1 bp −$233.1K

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	4.3747	−0.098%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3659	−0.299%	$108K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3749	−0.094%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.435%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3816	+0.059%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3770	−0.046%	$108K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3806	+0.037%	$270.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3768	−0.050%	$221.1M	$423.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3780	−0.023%	$62.5M	$294.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3879	+0.202%	$250K	−$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	4.3751	−0.089%	$32.0M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3810	+0.046%	$75.4M	$143.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3780	−0.023%	$54.5M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3773	−0.039%	$72.0M	$129.1M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.3770	−0.046%	—	$6.7M	—
Variational Omni NEAR	+0.0100%	8h	4.3637	−0.349%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3685	−0.239%	$262K	$940K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3610	−0.411%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3700	−0.206%	$168K	$800K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3766	−0.055%	$255K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3767	−0.053%	$56K	$242K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3860	+0.160%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.137%	$456K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3800	+0.023%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3603	−0.426%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3733	−0.129%	$203K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3810	+0.046%	$13.8M	$32.4M	75x	as long as short
Kalshi KXNEARPERP	+0.0233%	8h	4.3720	−0.160%	$646K	$22.6M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3657	−0.304%	$415K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0308%	8h	4.3770	−0.046%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3744	−0.105%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0412%	1h	4.3745	−0.103%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0508%	1h	4.3814	+0.055%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3803	+0.030%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3713	−0.175%	$3.9M	$19.7M	25x	as long as short
Arcus NEAR-USDlong	+0.0627%	1h	4.3790	long leg	$215K	$1.6M	10x
Hyperliquid NEAR	+0.0648%	1h	4.3834	+0.100%	$361.1M	$320.7M	10x	as long as short
Nado NEAR-PERP	+0.0659%	1h	4.3735	−0.126%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3769	−0.048%	$7.8M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3982	+0.438%	$1.8M	$2.8M	10x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3806	+0.037%	$1.6M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1145%	1h	4.3786	−0.009%	$2.0M	$7.7M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3798	+0.017%	$600K	$1.4M	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3842	+0.119%	$17.7M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1611%	1h	4.3815	+0.058%	$5K	$12K	10x	as long as short