Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against Bybit+0.121%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.121%, 7d avg +0.017%

Together, before fees−0.135%−$14 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: BingX is 0.104% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.1270	0.0100	pay 0.0100% / 8h	2h 24m	$210.1M	$428.2M	75x
Short	BingX NEAR-USDC	4.1320	0.0100	get 0.0100% / 8h	2h 24m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.017%: $10.44
Slippage, 4 orders: −$20.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.27
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 8 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 Bybit live order book, 5 min ago	1.20 bp	7.1 bp −$7	15.8 bp −$158	36.6 bp −$3,664	doesn't fit
Sell BingX live order book, 8 min ago	1.20 bp	9.9 bp −$10	24.0 bp −$240	64.1 bp −$6,411	513.5 bp −$256.8K

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	4.1297	+0.066%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1456	+0.451%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1333	+0.153%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1401	+0.317%	$412K	$19.0M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1347	+0.187%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1345	+0.183%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.308%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1290	+0.048%	$108K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1310	+0.097%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1350	+0.194%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1381	+0.269%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1291	+0.050%	$235.1M	$1.08B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.1270	long leg	$210.1M	$428.2M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1290	+0.048%	$56.5M	$275.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1550	+0.678%	$237K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1314	+0.107%	$29.4M	$58.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1300	+0.073%	$80.6M	$143.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1350	+0.194%	$55.9M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1301	+0.075%	$68.8M	$127.2M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.1320	+0.121%	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1444	+0.421%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1419	+0.360%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1420	+0.363%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1420	+0.363%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1327	+0.138%	$200K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1332	+0.150%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1360	+0.218%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1305	+0.085%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1300	+0.073%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1297	+0.065%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1310	+0.097%	$200K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1360	+0.218%	$306K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1325	+0.133%	$7.0M	$36.6M	50x	as long as short
01 Exchange NEARUSD	+0.0216%	1h	4.1313	+0.104%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1430	+0.388%	$12.3M	$33.8M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.1353	+0.201%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0354%	1h	4.1275	+0.013%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1348	+0.189%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1322	+0.125%	$412K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1501	+0.560%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0779%	1h	4.1364	+0.228%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0840%	1h	4.1380	+0.266%	$15.4M	$22.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.0979%	1h	4.1443	+0.420%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1003%	1h	4.1384	+0.276%	$348.0M	$298.7M	10x	as long as short
HTX NEAR-USDT	+0.1106%	8h	4.1420	+0.363%	$445K	$3.7M	75x	as long as short