Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.131%

Price spread now: MEXC against Arcus−0.092%7-day average −0.036% · 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−$23as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.312%−$31 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.092%, 7d avg −0.036%

Together, before fees−0.179%−$18 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 0.056% cheaper against Arcus than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3670	0.0100	pay 0.0013% / 1h	59m 15s	$208K	$1.7M	10x
Short	MEXC NEAR_USDT	4.3630	0.0100	get 0.0100% / 8h	5h 59m	$75.6M	$139.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.036%: −$5.55
Slippage, 4 orders: −$12.6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$22.65
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	3.43 bp	5.7 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.29 bp	2.3 bp −$2	6.2 bp −$62	43.3 bp −$4,329	86.4 bp −$43.2K

NEAR on 44 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	4.3599	−0.164%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3453	−0.497%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.087%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3505	−0.378%	$551K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3614	−0.127%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.175%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	−0.069%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3701	+0.072%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3650	−0.046%	$264.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3620	−0.114%	$219.5M	$416.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3590	−0.183%	$61.9M	$288.6M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3670	long leg	$208K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3555	−0.263%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3626	−0.101%	$31.5M	$61.4M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.3630	−0.092%	$75.6M	$139.3M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3640	−0.069%	$53.9M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3597	−0.167%	$71.5M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3620	−0.114%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.349%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.287%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.297%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	−0.343%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3652	−0.041%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3627	−0.098%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3605	−0.149%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.069%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	−0.229%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3612	−0.133%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3589	−0.185%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3620	−0.114%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3650	−0.046%	$3.0M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0314%	1h	4.3684	+0.032%	$367.8M	$306.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3608	−0.142%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3662	−0.018%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0415%	1h	4.3638	−0.073%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	−0.197%	$1.8M	$2.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3624	−0.105%	$8.2M	$41.1M	50x	as long as short
Nado NEAR-PERP	+0.0716%	1h	4.3616	−0.123%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0768%	1h	4.3749	+0.181%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0798%	1h	4.3487	−0.419%	$1.5M	$6.3M	20x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3671	+0.003%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1376%	1h	4.3643	−0.062%	$17.4M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1709%	1h	4.3682	+0.027%	$5K	$12K	10x	as long as short