Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.007%

Price spread now: 01 Exchange against BingX−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.066% cheaper against BingX than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.1170	0.0100	pay 0.0100% / 8h	2h 20m	—	$6.6M	—
Short	01 Exchange NEARUSD	4.1143	0.0208	get 0.0026% / 1h	20m 48s	$12K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.066%Rate

Funding earned: $22.68
Price spread: −0.066% → 0.000%: −$6.56
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$0.88
Costs to cover: 0.170%
Break-even: 7.3 days

Slippage unknown: BingX: live order book, 11 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	1.20 bp	16.1 bp −$16	25.1 bp −$251	63.8 bp −$6,382	448.7 bp −$224.4K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.1114	−0.135%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1220	+0.121%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1220	+0.121%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1188	+0.044%	$411K	$19.0M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1193	+0.056%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1165	−0.011%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.583%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1130	−0.097%	$108K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1178	+0.019%	$53K	$159K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1178	+0.018%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1189	+0.047%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1212	+0.103%	$365K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1172	+0.004%	$234.4M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1160	−0.024%	$209.4M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1160	−0.024%	$56.2M	$274.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1200	+0.073%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1174	+0.010%	$29.3M	$58.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1170	0.000%	$80.6M	$144.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1180	+0.024%	$55.6M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1151	−0.046%	$68.4M	$127.2M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.1170	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1444	+0.664%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1292	+0.296%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1258	+0.214%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1290	+0.291%	$181K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1149	−0.051%	$207K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1170	0.000%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1169	−0.002%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1190	+0.049%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1160	−0.024%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1165	−0.013%	$199K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1180	+0.024%	$305K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0151%	1h	4.1168	−0.006%	$7.0M	$36.5M	50x	as long as short
01 Exchange NEARUSDshort	+0.0208%	1h	4.1143	−0.066%	$12K	$7K	10x
BloFin NEAR-USDT	+0.0220%	8h	4.1120	−0.121%	$12.3M	$33.5M	75x	as long as short
Lighter RH NEAR	+0.0296%	1h	4.1209	+0.095%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.1115	−0.134%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0317%	1h	4.1171	+0.004%	$271K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1180	+0.025%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1304	+0.325%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0766%	1h	4.1216	+0.112%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0816%	1h	4.1205	+0.085%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0955%	1h	4.1211	+0.100%	$345.9M	$299.6M	10x	as long as short
Aftermath Perps NEARUSD	+0.0998%	1h	4.1347	+0.429%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1099%	8h	4.1230	+0.146%	$443K	$3.7M	75x	as long as short