Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against BingX+0.031%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.031%, 7d avg −0.026%

Together, before fees−0.072%−$7 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: Bitget is 0.058% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.1580	0.0100	pay 0.0100% / 8h	1h 43m	—	$6.6M	—
Short	Bitget NEARUSDT	4.1593	0.0100	get 0.0100% / 8h	1h 43m	$69.1M	$125.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.026%: $5.76
Slippage, 4 orders: −$14.73
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.97
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bitget: 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 BingX live order book, 8 min ago	1.21 bp	12.3 bp −$12	30.6 bp −$306	70.9 bp −$7,085	421.5 bp −$210.7K
Sell Bitget live order book, 5 min ago	0.12 bp	9.7 bp −$10	11.8 bp −$118	31.3 bp −$3,130	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	4.1622	+0.101%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1618	+0.091%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.409%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1596	+0.039%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1663	+0.200%	$426K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1623	+0.103%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1642	+0.149%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1689	+0.262%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1638	+0.139%	$15.3M	$22.5M	15x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1647	+0.161%	$1.4M	$6.9M	10x	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	4.1660	+0.192%	$111K	$483K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1617	+0.089%	$54K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1635	+0.132%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1620	+0.096%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1655	+0.180%	$351K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1570	−0.024%	$237.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1553	−0.065%	$211.9M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1550	−0.072%	$57.0M	$274.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1670	+0.216%	$309K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1574	−0.014%	$29.7M	$57.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1580	0.000%	$81.9M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1580	0.000%	$54.9M	$44.5M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.1593	+0.031%	$69.1M	$125.7M	75x
BingX NEAR-USDClong	+0.0100%	8h	4.1580	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.286%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1534	−0.110%	$237K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1516	−0.154%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1500	−0.192%	$182K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1705	+0.301%	$198K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1660	+0.192%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1619	+0.094%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1600	+0.048%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.313%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1558	−0.052%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1610	+0.072%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1600	+0.048%	$12.2M	$33.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0278%	1h	4.1650	+0.168%	$1.8M	$2.1M	25x	as long as short
Hyperliquid NEAR	+0.0314%	1h	4.1644	+0.154%	$350.2M	$298.6M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1690	+0.265%	$413K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1618	+0.091%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0465%	1h	4.1627	+0.113%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0522%	1h	4.1650	+0.168%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1614	+0.082%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0891%	1h	4.1526	−0.130%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1006%	8h	4.1780	+0.481%	$451K	$3.6M	75x	as long as short