Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against BingX−0.019%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$410.409% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 7 days+0.026%+$3 · spread now −0.019%, 7d avg +0.029%
Together, before fees+0.087%+$9 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: Polymarket Perps is 0.049% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX NEAR-USDC4.15400.0100pay 0.0100% / 8h2h 28m$6.6M
ShortPolymarket Perps NEAR-USD4.15320.0100get 0.0013% / 1h28m 58s$197K$3.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: −0.019% → +0.029%
−$4.87
Slippage, 4 orders
−$22.93
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$45.8
Costs to cover
0.409%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Polymarket Perps: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago1.20 bp16.1 bp −$1625.1 bp −$25163.8 bp −$6,382448.7 bp −$224.4K
Sell Polymarket Perps live order book, 5 min ago2.89 bp8.1 bp −$824.0 bp −$240doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1507−0.079%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1524−0.039%$2.1M$12.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.1513−0.065%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1488−0.125%$413K$19.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1526−0.034%$206K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.0730−1.950%$569$239K12xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0063%1h4.1567+0.065%$1.8M$2.1M25xas long as short
Popdex NEARUSDT+0.0096%1h4.1490−0.120%$109K$491K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1496−0.105%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1560+0.048%$2.9M$5.9M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.1519−0.050%$367K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1530−0.024%$236.5M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1530−0.024%$211.4M$429.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1530−0.024%$56.8M$278.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1550+0.024%$237K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1550+0.024%$29.6M$58.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1560+0.048%$81.8M$143.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1570+0.072%$56.2M$45.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1544+0.010%$69.2M$127.9M75xas long as short
BingX NEAR-USDClong+0.0100%8h4.1540long leg$6.6M
Variational Omni NEAR+0.0100%8h4.1573+0.080%$7.7M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.1554+0.033%$236K$1.3M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1538−0.006%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1610+0.169%$183K$790K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.1532−0.019%$197K$3.1M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.1541+0.002%$53K$159K20xas long as short
SunX NEAR-USDT+0.0100%8h4.15400.000%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1553+0.031%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1530−0.024%$3.8M$8.4M50xas long as short
Extended NEAR-USD+0.0104%1h4.1515−0.060%$3.7M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1546+0.015%$201K$65K3xas long as short
Arcus NEAR-USD+0.0118%1h4.1510−0.072%$307K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0149%1h4.1578+0.091%$7.1M$36.7M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.15400.000%$12.3M$33.9M75xas long as short
01 Exchange NEARUSD+0.0232%1h4.1500−0.096%$12K$7K10xas long as short
Nado NEAR-PERP+0.0337%1h4.1489−0.123%$1.8M$3.6M10xas long as short
Lighter RH NEAR+0.0352%1h4.1604+0.154%$1.4M$7.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0374% / S −0.0317%1h4.1524−0.039%$274K100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1510−0.073%$415K$1.2M10xas long as short
Phoenix NEAR+0.0582%1h4.1501−0.094%$1.7M$2.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0798%1h4.1609+0.166%$1.4M$5.7M20xas long as short
Lighter NEAR+0.0872%1h4.1620+0.194%$15.4M$22.7M15xas long as short
Aftermath Perps NEARUSD+0.0987%1h4.1488−0.126%$5K$11K10xas long as short
Hyperliquid NEAR+0.1072%1h4.1619+0.190%$350.1M$301.7M10xas long as short
HTX NEAR-USDT+0.1118%8h4.1640+0.241%$448K$3.8M75xas long as short