Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Bulk−1.311%7-day average +0.001% · 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−$176as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+1.145%+$115 · spread now −1.311%, 7d avg +0.001%

Together, before fees+1.149%+$115 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: Binance is 1.312% cheaper against Bulk than usual: you would sell low and buy high, −$131 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.5100	0.0100	pay 0.0013% / 1h	47m 57s	$257K	−$0	10x
Short	Binance NEARUSDT	4.4509	0.0100	get 0.0100% / 8h	4h 47m	$272.9M	$1.11B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now −1.311%Rate

Funding earned: $0
Price spread: −1.311% → +0.001%: −$131.21
Slippage, 4 orders: −$27.95
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$176.15
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Bulk: live order book, 11 min ago; Binance: live order book, 11 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 Bulk live order book, 11 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	33.3 bp −$3,330	48.2 bp −$24.1K
Sell Binance live order book, 11 min ago	1.11 bp	8.8 bp −$9	13.5 bp −$135	36.0 bp −$3,597	117.5 bp −$58.7K

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	4.4520	−1.286%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4456	−1.428%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4571	−1.173%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4550	−1.220%	$621K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4519	−1.289%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.182%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4620	−1.064%	$118K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4602	−1.104%	$426K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4509	−1.311%	$272.9M	$1.11B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4430	−1.486%	$222.6M	$424.5M	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-SWAP	+0.0100%	8h	4.4500	−1.330%	$63.6M	$303.0M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.5100	long leg	$257K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4501	−1.328%	$32.1M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4530	−1.264%	$75.8M	$147.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4540	−1.242%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4502	−1.326%	$73.2M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4440	−1.463%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4797	−0.671%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4912	−0.416%	$269K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4926	−0.387%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4870	−0.510%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4612	−1.082%	$240K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4506	−1.317%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4550	−1.220%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4477	−1.381%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4570	−1.175%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4480	−1.375%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4587	−1.137%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4485	−1.364%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4475	−1.386%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0217%	1h	4.4508	−1.313%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4660	−0.976%	$14.2M	$33.5M	75x	as long as short
Hyperliquid NEAR	+0.0247%	1h	4.4535	−1.253%	$369.0M	$325.4M	10x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.4638	−1.024%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0267%	1h	4.4499	−1.333%	$2.0M	$6.6M	25x	as long as short
Aster NEARUSDT	+0.0300%	8h	4.4511	−1.306%	$3.1M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0216%	1h	4.4528	−1.268%	$249K	—	100x	as long as short
Lighter RH NEAR	+0.0480%	1h	4.4548	−1.224%	$1.6M	$7.1M	10x	as long as short
Nado NEAR-PERP	+0.0512%	1h	4.4557	−1.204%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4670	−0.953%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0584%	1h	4.4474	−1.389%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0712%	1h	4.4547	−1.225%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4822	−0.616%	$1.9M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4662	−0.971%	$564K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4772	−0.727%	$6K	$12K	10x	as long as short