Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.181%

Price spread now: edgeX against Arcus+0.647%7-day average −0.076% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$34as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.320%−$32 on $10k

Price spread, last 3 days (all we have)−0.504%−$50 · spread now +0.647%, 7d avg −0.076%

Together, before fees−0.823%+ Points / potential airdropedgeX: Active · farm board−$82 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 0.723% dearer against Arcus than usual: you sell high and buy low, +$72 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.2710	0.0100	pay 0.0013% / 1h	47m 06s	$197K	$1.8M	10x
Short	edgeX NEARUSDC	4.2986	0.0100	get 0.0050% / 4h	47m 06s	$245K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.647%Rate

Funding earned: $0
Price spread: +0.647% → −0.076%: $72.33
Slippage, 4 orders: −$24.52
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $34.31
Costs to cover: 0.380%
Break-even: from the start

Slippage from Arcus: live order book, 2 min ago; edgeX: live order book, 2 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	4.66 bp	6.9 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	7.01 bp	12.0 bp −$12	32.0 bp −$320	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	4.2679	−0.073%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2678	−0.075%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2746	+0.085%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2692	−0.042%	$401K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2702	−0.018%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.044%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2700	−0.023%	$108K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0097%	8h	4.2680	−0.070%	$219.3M	$421.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2706	−0.008%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2730	+0.047%	$3.0M	$5.6M	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	4.2751	+0.095%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2720	+0.023%	$253.0M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2700	−0.023%	$60.9M	$285.2M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.2710	long leg	$197K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.679%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2697	−0.030%	$30.1M	$58.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2720	+0.023%	$78.2M	$140.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2710	0.000%	$56.0M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2706	−0.009%	$71.0M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2700	−0.023%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	+0.725%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.2986	+0.647%	$245K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2963	+0.593%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	+0.656%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2724	+0.033%	$217K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2662	−0.112%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	+0.047%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2690	−0.047%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2700	−0.023%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2651	−0.138%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2685	−0.059%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2700	−0.023%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.2726	+0.037%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	+0.047%	$13.0M	$30.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0336%	1h	4.2707	−0.007%	$1.9M	$2.3M	25x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2768	+0.136%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2695	−0.035%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2733	+0.054%	$412K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0431%	1h	4.2742	+0.075%	$1.3M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2919	+0.489%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0839%	1h	4.2710	−0.001%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0879%	8h	4.2760	+0.117%	$457K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.1181%	1h	4.2783	+0.171%	$368.7M	$298.1M	10x	as long as short
Aftermath Perps NEARUSD	+0.1208%	1h	4.2998	+0.675%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1920%	1h	4.2820	+0.258%	$16.5M	$23.7M	15x	as long as short