Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Binance+0.011%90s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.405% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now +0.011%, 7d avg −0.007%

Together, before fees+0.203%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3300	0.0100	pay 0.0100% / 8h	7h 07m	$258.5M	$1.05B	75x
Short	edgeX NEARUSDC	4.3305	0.0100	get 0.0050% / 4h	3h 07m	$258K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.007%: $1.73
Slippage, 4 orders: −$21.53
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.8
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; edgeX: live order book, 6 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, 6 min ago	1.15 bp	8.3 bp −$8	13.9 bp −$139	38.7 bp −$3,867	105.4 bp −$52.7K
Sell edgeX live order book, 6 min ago	6.91 bp	12.5 bp −$12	34.8 bp −$348	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	4.3156	−0.333%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3267	−0.076%	$8.0M	$37.9M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3282	−0.042%	$2.3M	$13.0M	50x	as long as short
Phemex NEARUSDT	−0.0057%	8h	4.3280	−0.046%	$3.9M	$8.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3158	−0.328%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3221	−0.182%	$346K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3221	−0.183%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	−0.120%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.3179	−0.279%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.365%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.323%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3237	−0.145%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3122	−0.411%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3253	−0.108%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3199	−0.233%	$402K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3300	long leg	$258.5M	$1.05B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3255	−0.104%	$218.8M	$413.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3250	−0.115%	$61.1M	$278.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	−0.300%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.500%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3297	−0.007%	$31.1M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3280	−0.046%	$75.8M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3300	0.000%	$56.2M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3277	−0.053%	$72.1M	$122.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3300	0.000%	—	$141.7M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3305	+0.011%	$258K	$1.1M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3459	+0.368%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3340	+0.092%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3200	−0.231%	$198K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	−0.208%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	−0.173%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3270	−0.069%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3253	−0.109%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3217	−0.192%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	0.000%	$13.2M	$27.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3219	−0.188%	$275K	—	100x	as long as short
Hyperliquid NEAR	+0.0404%	1h	4.3385	+0.197%	$368.3M	$300.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3170	−0.300%	$403K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0434%	1h	4.3145	−0.359%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0444%	1h	4.3243	−0.132%	$1.9M	$3.9M	25x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3289	−0.025%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0486%	1h	4.3352	+0.120%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+0.781%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1507%	1h	4.3276	−0.056%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.3370	+0.161%	$17.3M	$24.7M	15x	as long as short