Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against BingX−0.844%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on BingX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.941%+$94 · spread now −0.844%, 7d avg +0.014%

Together, before fees+0.947%+$95 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: Bulk is 0.858% cheaper against BingX than usual: you would sell low and buy high, −$86 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.3450	0.0100	pay 0.0100% / 8h	7h 14m	—	$142.1M	—
Short	Bulk NEAR-USD	4.3083	0.0100	get 0.0013% / 1h	14m 09s	$245K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.844%Rate

Funding earned: $0
Price spread: −0.844% → +0.014%: −$85.77
Slippage, 4 orders: −$29.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$132.7
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bulk: live order book, 60 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, 10 min ago	1.17 bp	6.2 bp −$6	10.3 bp −$103	22.0 bp −$2,199	53.0 bp −$26.5K
Sell Bulk live order book, 60 min ago	11.72 bp	15.2 bp −$15	15.2 bp −$152	33.8 bp −$3,381	58.9 bp −$29.4K

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
Phemex NEARUSDT	−0.0452%	8h	4.3440	−0.023%	$3.9M	$8.4M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3472	+0.050%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0129%	1h	4.3509	+0.137%	$7.3M	$37.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3513	+0.145%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3535	+0.197%	$113K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3559	+0.251%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3463	+0.030%	$360K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3490	+0.093%	$206K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−0.993%	$8.2M	$18.9M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.695%	$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	4.3530	+0.184%	$116K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3502	+0.120%	$58K	$182K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3489	+0.090%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3561	+0.256%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3540	+0.208%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3451	+0.003%	$258.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3396	−0.124%	$220.2M	$415.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3370	−0.184%	$61.4M	$280.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3540	+0.207%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3083	−0.844%	$245K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3450	0.000%	$31.2M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3450	0.000%	$76.5M	$141.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3470	+0.046%	$56.7M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3442	−0.018%	$72.4M	$122.9M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.3450	long leg	—	$142.1M	—
edgeX NEARUSDC	+0.0100%	4h	4.3068	−0.879%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3055	−0.908%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3060	−0.898%	$180K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3545	+0.219%	$194K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3550	+0.230%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3500	+0.115%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3600	+0.345%	$460K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3477	+0.063%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3493	+0.099%	$203K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	−0.345%	$13.1M	$28.0M	75x	as long as short
Hyperliquid NEAR	+0.0326%	1h	4.3523	+0.168%	$370.4M	$305.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0307%	1h	4.3467	+0.039%	$278K	—	100x	as long as short
Nado NEAR-PERP	+0.0413%	1h	4.3520	+0.161%	$1.9M	$3.2M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3566	+0.266%	$405K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3517	+0.154%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0481%	1h	4.3498	+0.110%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3153	−0.684%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0624%	1h	4.3535	+0.196%	$1.9M	$3.8M	25x	as long as short
Aftermath Perps NEARUSD	+0.1501%	1h	4.3213	−0.546%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1832%	1h	4.3539	+0.206%	$17.4M	$24.7M	15x	as long as short