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 0.000%

Price spread now: OKX against BingX−0.135%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days+0.163%+$16 · spread now −0.135%, 7d avg −0.014%

Together, before fees+0.237%+$24 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: OKX is 0.121% cheaper against BingX than usual: you would sell low and buy high, −$12 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	4.4430	0.0100	pay 0.0100% / 8h	5h 33m	—	$144.9M	—
Short	OKX NEAR-USDT-SWAP	4.4370	0.0100	get 0.0100% / 8h	5h 33m	$63.4M	$293.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → −0.014%: −$12.06
Slippage, 4 orders: −$15.78
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.84
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; OKX: 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, 5 min ago	2.28 bp	7.3 bp −$7	10.2 bp −$102	18.3 bp −$1,834	44.5 bp −$22.2K
Sell OKX live order book, 5 min ago	1.14 bp	10.4 bp −$10	19.5 bp −$195	47.7 bp −$4,770	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	4.4469	+0.088%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4482	+0.117%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4384	−0.103%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4474	+0.099%	$656K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4439	+0.020%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.797%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4490	+0.135%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4420	−0.023%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4467	+0.083%	$269.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4510	+0.180%	$224.2M	$418.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4370	−0.135%	$63.4M	$293.7M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.021%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4392	−0.086%	$32.1M	$62.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4450	+0.045%	$77.2M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4400	−0.068%	$56.0M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4442	+0.027%	$73.2M	$126.7M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.4430	long leg	—	$144.9M	—
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.301%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4438	+0.017%	$266K	$988K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4485	+0.123%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4526	+0.216%	$213K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4472	+0.095%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4540	+0.248%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4472	+0.095%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4580	+0.338%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	+0.045%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4416	−0.032%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4414	−0.035%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4484	+0.122%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.045%	$172K	$793K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.293%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4491	+0.137%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4435	+0.011%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0384%	1h	4.4399	−0.070%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4514	+0.189%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4500	+0.158%	$212K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.4486	+0.126%	$2.0M	$4.4M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0687%	1h	4.4521	+0.205%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0692%	1h	4.4490	+0.136%	$8.3M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0809%	1h	4.4439	+0.020%	$374.1M	$305.1M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4449	+0.043%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.646%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4494	+0.144%	$563K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4475	+0.102%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1696%	1h	4.4151	−0.629%	$6K	$12K	10x	as long as short