Funding arb · Price arb /

NEAR

all NEAR markets

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: MEXC against Binance−0.020%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.020%, 7d avg −0.009%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3549	0.0100	pay 0.0100% / 8h	6h 02m	$264.1M	$1.08B	75x
Short	MEXC NEAR_USDT	4.3540	0.0100	get 0.0100% / 8h	6h 02m	$75.2M	$144.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.009%: −$1.14
Slippage, 4 orders: −$13.1
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.24
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; MEXC: 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 Binance live order book, 11 min ago	1.15 bp	6.9 bp −$7	8.3 bp −$83	25.2 bp −$2,522	108.5 bp −$54.2K
Sell MEXC live order book, 2 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	4.3479	−0.161%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3550	+0.003%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3523	−0.059%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3619	+0.161%	$560K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3511	−0.086%	$196K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.911%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3520	−0.066%	$114K	$487K	50x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	+0.020%	$8.4M	$18.4M	—	as long as short
Pacifica NEAR	+0.0100%	1h	4.3539	−0.022%	$408K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3549	long leg	$264.1M	$1.08B	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3530	−0.043%	$219.0M	$416.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	−0.158%	$62.0M	$287.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3570	+0.049%	$207K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	+0.014%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3523	−0.059%	$31.4M	$63.3M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.3540	−0.020%	$75.2M	$144.8M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	+0.003%	$53.8M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3496	−0.121%	$71.4M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3520	−0.066%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3788	+0.549%	$270K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3556	+0.017%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3780	+0.531%	$199K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3546	−0.006%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3545	−0.009%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3640	+0.210%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3530	−0.043%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.347%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3540	−0.020%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3538	−0.025%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3471	−0.179%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3553	+0.009%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0180%	8h	4.3554	+0.013%	$3.0M	$5.6M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3542	−0.015%	$7.7M	$40.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3513	−0.082%	$255K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0347%	1h	4.3556	+0.017%	$1.9M	$4.3M	25x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3538	−0.025%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0426%	1h	4.3522	−0.060%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3537	−0.026%	$547K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3816	+0.614%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3600	+0.118%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0819%	1h	4.3548	−0.002%	$1.5M	$6.3M	20x	as long as short
Hyperliquid NEAR	+0.0862%	1h	4.3565	+0.037%	$366.7M	$306.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1646%	1h	4.3712	+0.375%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.3642	+0.214%	$17.4M	$25.8M	15x	as long as short