Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.066%

Price spread now: Arcus against Binance+0.176%7-day average +0.027% · 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−$9as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.349%+$35 on $10k

Price spread, last 7 days−0.219%−$22 · spread now +0.176%, 7d avg +0.027%

Together, before fees+0.130%+$13 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: Arcus is 0.149% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.4681	0.0100	pay 0.0100% / 8h	7h 14m	$269.9M	$1.08B	75x
Short	Arcus NEAR-USD	4.4760	0.0100	get 0.0013% / 1h	14m 00s	$228K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.027%: $14.89
Slippage, 4 orders: −$8.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$8.59
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Arcus: 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 Binance live order book, 15 min ago	1.14 bp	6.1 bp −$6	9.7 bp −$97	34.6 bp −$3,462	121.6 bp −$60.8K
Sell Arcus live order book, 5 min ago	3.35 bp	5.6 bp −$6	9.9 bp −$99	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
Kraken Futures PF_NEARUSD	−0.0422%	1h	4.4729	+0.106%	$7.4M	$38.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4638	−0.096%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4822	+0.315%	$109K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0001%	8h	4.4710	+0.064%	$3.6M	$7.7M	50x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4705	+0.053%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.321%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4710	+0.064%	$114K	$509K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4691	+0.023%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.4681	long leg	$269.9M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4653	−0.063%	$227.8M	$426.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4600	−0.182%	$63.0M	$300.7M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.4760	+0.176%	$228K	$1.4M	10x
Gate NEAR_USDT	+0.0100%	8h	4.4704	+0.051%	$38.0M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4690	+0.020%	$88.5M	$162.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4650	−0.070%	$52.9M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4650	−0.070%	$73.7M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4710	+0.064%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4848	+0.374%	$9.3M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4625	−0.127%	$259K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4607	−0.166%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4610	−0.159%	$168K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4715	+0.076%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4730	+0.109%	$57K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4790	+0.244%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4745	+0.143%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	+0.237%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4747	+0.147%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4644	−0.084%	$3.7M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4726	+0.100%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0135%	8h	4.4774	+0.208%	$903K	$25.4M	2.2x	as long as short
Nado NEAR-PERP	+0.0215%	1h	4.4710	+0.064%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4730	+0.109%	$12.6M	$33.0M	75x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4747	+0.147%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0261%	1h	4.4699	+0.039%	$262K	—	100x	as long as short
Hyperliquid NEAR	+0.0371%	1h	4.4778	+0.216%	$364.5M	$318.1M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.4799	+0.264%	$1.6M	$6.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4827	+0.326%	$2.3M	$17.6M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4795	+0.254%	$17.6M	$24.1M	15x	as long as short
HTX NEAR-USDT	+0.0490%	8h	4.4800	+0.266%	$472K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0593%	1h	4.4752	+0.158%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4700	+0.042%	$606K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4824	+0.319%	$422K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4814	+0.297%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1124%	1h	4.4570	−0.249%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1316%	1h	4.4782	+0.226%	$1.9M	$13.1M	25x	as long as short