Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.047%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.047%, 7d avg −0.019%

Together, before fees−0.028%−$3 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: BingX is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.2790	0.0100	pay 0.0100% / 8h	2h 56m	$260.9M	$1.09B	75x
Short	BingX NEAR-USDT	4.2770	0.0100	get 0.0100% / 8h	2h 56m	—	$144.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.019%: −$2.81
Slippage, 4 orders: −$7.01
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.82
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	1.17 bp	6.5 bp −$6	10.6 bp −$106	30.6 bp −$3,062	109.0 bp −$54.5K
Sell BingX live order book, 3 min ago	1.17 bp	6.2 bp −$6	9.5 bp −$95	20.4 bp −$2,039	45.0 bp −$22.5K

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	4.2791	+0.003%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2759	−0.071%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2809	+0.044%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.225%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2760	−0.070%	$110K	$501K	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.2790	long leg	$260.9M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2758	−0.075%	$212.0M	$427.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2760	−0.070%	$60.2M	$285.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.428%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2750	−0.093%	$31.8M	$59.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2800	+0.023%	$70.7M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2800	+0.023%	$53.0M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2751	−0.091%	$70.7M	$127.9M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.2770	−0.047%	—	$144.8M	—
Variational Omni NEAR	+0.0100%	8h	4.2857	+0.158%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2924	+0.313%	$251K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2903	+0.264%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2910	+0.280%	$165K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2790	0.000%	$277K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2843	+0.124%	$57K	$241K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2930	+0.327%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2860	+0.164%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2820	+0.070%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2723	−0.156%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2793	+0.008%	$199K	$37K	3x	as long as short
Nado NEAR-PERP	+0.0175%	1h	4.2770	−0.046%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	+0.070%	$13.3M	$31.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2732	−0.136%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0265%	8h	4.2774	−0.037%	$805K	$24.4M	2.2x	as long as short
Lighter NEAR	+0.0312%	1h	4.2803	+0.031%	$16.8M	$24.9M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2789	−0.001%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0329%	8h	4.2805	+0.034%	$2.8M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0455%	1h	4.2802	+0.029%	$349.6M	$314.2M	10x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.2836	+0.108%	$1.5M	$7.2M	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2806	+0.037%	$3.7M	$19.8M	25x	as long as short
01 Exchange NEARUSD	+0.0568%	1h	4.2829	+0.091%	$13K	$7K	10x	as long as short
SoDEX NEAR-USD	+0.0657%	1h	4.2767	−0.054%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0668%	1h	4.2794	+0.009%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2777	−0.029%	$7.5M	$39.0M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2790	0.000%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2752	−0.088%	$392K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.2978	+0.439%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2790	0.000%	$665K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.2873	+0.194%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2507%	1h	4.2921	+0.306%	$1.9M	$10.1M	25x	as long as short