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 −0.009%

Price spread now: Bybit against BingX−0.023%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.023% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.3950	0.0100	pay 0.0100% / 8h	4h 01m	—	$6.7M	—
Short	Bybit NEARUSDT	4.3940	0.0100	get 0.0100% / 8h	4h 01m	$221.4M	$423.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: −$28.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.5
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: 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 BingX live order book, 11 min ago	2.27 bp	15.5 bp −$15	28.9 bp −$289	63.9 bp −$6,394	412.7 bp −$206.3K
Sell Bybit live order book, 2 min ago	1.14 bp	8.5 bp −$8	14.4 bp −$144	39.3 bp −$3,928	180.6 bp −$90.3K

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	4.3858	−0.208%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3920	−0.068%	$2.2M	$15.7M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3947	−0.007%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3858	−0.208%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3885	−0.148%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.779%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3880	−0.159%	$113K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3923	−0.061%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3980	+0.067%	$271.3M	$1.10B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3940	−0.023%	$221.4M	$423.6M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3960	+0.023%	$62.7M	$296.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3879	−0.162%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3910	−0.091%	$32.0M	$64.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3970	+0.046%	$76.2M	$151.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3910	−0.091%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3962	+0.027%	$72.3M	$129.7M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.3950	long leg	—	$6.7M	—
Variational Omni NEAR	+0.0100%	8h	4.3767	−0.416%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3898	−0.119%	$263K	$964K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3891	−0.135%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3920	−0.068%	$169K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3903	−0.107%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3897	−0.121%	$57K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3970	+0.046%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3980	+0.068%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3920	−0.068%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3874	−0.172%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3905	−0.102%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0210%	1h	4.3866	−0.191%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4030	+0.182%	$13.9M	$32.7M	75x	as long as short
Aster NEARUSDT	+0.0311%	8h	4.3936	−0.032%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3883	−0.152%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0357%	1h	4.3910	−0.091%	$1.4M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3959	+0.020%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0408%	1h	4.4028	+0.177%	$362.8M	$320.2M	10x	as long as short
Extended NEAR-USD	+0.0544%	1h	4.3891	−0.133%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0564%	1h	4.3869	−0.184%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3950	0.000%	$216K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0592%	1h	4.3873	−0.176%	$7.9M	$39.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0594%	1h	4.3887	−0.143%	$2.0M	$7.4M	25x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.3951	+0.002%	$1.6M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3964	+0.032%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3950	−0.001%	$591K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3970	+0.044%	$17.7M	$26.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1601%	1h	4.3952	+0.004%	$5K	$12K	10x	as long as short