Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.039%

Price spread now: BingX against Coinbase International+0.307%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.307%, 7d avg +0.006%

Together, before fees−0.366%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.302% dearer against Coinbase International than usual: you sell high and buy low (spread +0.307% now, against its 7-day average of +0.006%): +$30 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.142%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.3297	0.0256	pay 0.0032% / 1h	16m 32s	$2.3M	$16.2M	50x
Short	BingX NEAR-USDC	4.3430	0.0100	get 0.0100% / 8h	2h 16m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.307%Rate

Funding earned: −$32.76
Price spread: +0.307% → +0.006%: $30.16
Slippage, 4 orders: −$25.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$47.63
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 6 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 Coinbase International live order book, 3 min ago	3.45 bp	15.4 bp −$15	24.1 bp −$241	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	1.16 bp	9.2 bp −$9	21.0 bp −$210	66.7 bp −$6,665	548.5 bp −$274.2K

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	4.3478	+0.419%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3389	+0.213%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0007%	1h	4.3490	+0.445%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.358%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	+0.353%	$114K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3427	+0.300%	$217.3M	$420.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3450	+0.353%	$61.2M	$288.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−0.570%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3406	+0.252%	$32.9M	$60.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	+0.538%	$52.6M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3484	+0.432%	$71.8M	$127.0M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.3430	+0.307%	—	$6.7M	—
Variational Omni NEAR	+0.0100%	8h	4.3197	−0.230%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3265	−0.074%	$261K	$956K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3442	+0.335%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3487	+0.439%	$268K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3268	−0.067%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3330	+0.076%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3330	+0.076%	$467K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3250	−0.109%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3390	+0.215%	$31K	$608	10x	as long as short
MEXC NEAR_USDT	+0.0109%	8h	4.3490	+0.446%	$78.8M	$145.1M	200x	as long as short
Binance NEARUSDT	+0.0111%	8h	4.3470	+0.399%	$264.7M	$1.09B	75x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3295	−0.005%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0229%	8h	4.3250	−0.109%	$13.2M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTXlong	+0.0256%	1h	4.3297	long leg	$2.3M	$16.2M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0201%	1h	4.3227	−0.161%	$231K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0316%	8h	4.3325	+0.065%	$988K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.3440	+0.330%	$2.8M	$5.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0367%	1h	4.3490	+0.446%	$167K	$795K	50x	as long as short
Nado NEAR-PERP	+0.0394%	1h	4.3405	+0.249%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.3409	+0.258%	$3.7M	$19.5M	25x	as long as short
SoDEX NEAR-USD	+0.0556%	1h	4.3235	−0.143%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0664%	1h	4.3488	+0.441%	$356.4M	$310.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0680%	1h	4.3248	−0.113%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0732%	1h	4.3230	−0.155%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3490	+0.446%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3460	+0.376%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3421	+0.285%	$398K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.3460	+0.377%	$17.0M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3541	+0.564%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1069%	1h	4.3278	−0.044%	$2.0M	$11.7M	25x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3453	+0.360%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3460	+0.378%	$689K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1301%	1h	4.3254	−0.100%	$5K	$12K	10x	as long as short