Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Bulk+0.313%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Bulk Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.341%−$34 · spread now +0.313%, 7d avg −0.020%

Together, before fees−0.341%−$34 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: MEXC is 0.332% dearer against Bulk than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.1600	0.0100	pay 0.0013% / 1h	27m 02s	$237K	$2K	10x
Short	MEXC NEAR_USDT	4.1730	0.0100	get 0.0100% / 8h	1h 27m	$82.5M	$141.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.313%Rate

Funding earned: $0
Price spread: +0.313% → −0.020%: $33.23
Slippage, 4 orders: −$27.86
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.63
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Bulk: live order book, 57 min ago; MEXC: 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 Bulk live order book, 57 min ago	12.09 bp	15.6 bp −$16	15.6 bp −$156	15.6 bp −$1,559	23.2 bp −$11.6K
Sell MEXC live order book, 2 min ago	1.20 bp	2.5 bp −$2	3.7 bp −$37	12.7 bp −$1,274	33.4 bp −$16.7K

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	4.1683	+0.199%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1674	+0.178%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.457%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1682	+0.198%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1719	+0.286%	$430K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1701	+0.243%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1778	+0.428%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1808	+0.500%	$1.5M	$7.0M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1710	+0.264%	$111K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1746	+0.351%	$53K	$158K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1694	+0.227%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1780	+0.433%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1708	+0.259%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1720	+0.288%	$239.0M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1710	+0.264%	$212.8M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1710	+0.264%	$57.6M	$276.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1730	+0.313%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1749	+0.358%	$29.9M	$57.4M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.1730	+0.313%	$82.5M	$141.9M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1750	+0.361%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1726	+0.303%	$69.1M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1710	+0.264%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	+0.120%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1652	+0.126%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1653	+0.128%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1670	+0.168%	$174K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1726	+0.303%	$205K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1740	+0.337%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1750	+0.361%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1740	+0.337%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.1600	long leg	$237K	$2K	10x
Extended NEAR-USD	+0.0104%	1h	4.1699	+0.239%	$3.8M	$14.7M	25x	as long as short
01 Exchange NEARUSD	+0.0104%	1h	4.1766	+0.399%	$12K	$7K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1755	+0.373%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1790	+0.457%	$12.3M	$31.7M	75x	as long as short
Hyperliquid NEAR	+0.0353%	1h	4.1783	+0.440%	$352.7M	$299.0M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1761	+0.386%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1702	+0.245%	$281K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0421%	1h	4.1776	+0.423%	$1.8M	$2.2M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.1778	+0.428%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0542%	1h	4.1705	+0.252%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1861	+0.627%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0584%	1h	4.1853	+0.609%	$16.0M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0890%	1h	4.1778	+0.429%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0966%	8h	4.1810	+0.505%	$447K	$3.6M	75x	as long as short