Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.048%

Price spread now: edgeX against Coinbase International−0.052%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.052%, 7d avg +0.026%

Together, before fees+0.366%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.078% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.026%). If the spread goes back, that is −$8 on $10k: about 47 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.1674	−0.0032	get 0.0004% / 1h	26m 49s	$2.1M	$12.6M	50x
Short	edgeX NEARUSDC	4.1652	0.0100	get 0.0050% / 4h	1h 26m	$238K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $27.72
Price spread: −0.052% → +0.026%: −$7.81
Slippage, 4 orders: −$32.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.6
Costs to cover: 0.515%
Break-even: 15.0 days

Slippage from Coinbase International: live order book, 2 min ago; edgeX: 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 Coinbase International live order book, 2 min ago	3.12 bp	13.3 bp −$13	20.0 bp −$200	549.6 bp −$55.0K	doesn't fit
Sell edgeX live order book, 2 min ago	7.19 bp	12.5 bp −$12	28.3 bp −$283	doesn't fit	doesn't fit

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	+0.021%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0032%	1h	4.1674	long leg	$2.1M	$12.6M	50x
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.633%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1682	+0.020%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1719	+0.108%	$430K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1701	+0.065%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1778	+0.250%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1778	+0.250%	$1.5M	$7.0M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1710	+0.086%	$111K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1746	+0.173%	$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	+0.049%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1756	+0.197%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1708	+0.081%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1710	+0.086%	$238.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1701	+0.065%	$212.7M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1700	+0.062%	$57.6M	$275.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1730	+0.134%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1724	+0.120%	$29.9M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1730	+0.134%	$82.5M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1750	+0.182%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1715	+0.098%	$69.1M	$125.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1720	+0.110%	—	$136.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	−0.058%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.1652	−0.052%	$238K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1653	−0.050%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1670	−0.010%	$174K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1726	+0.125%	$205K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1740	+0.158%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1750	+0.182%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1740	+0.158%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.178%	$237K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1699	+0.061%	$3.8M	$14.7M	25x	as long as short
01 Exchange NEARUSD	+0.0104%	1h	4.1766	+0.221%	$12K	$7K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1755	+0.194%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1790	+0.278%	$12.3M	$31.7M	75x	as long as short
Hyperliquid NEAR	+0.0354%	1h	4.1779	+0.252%	$352.7M	$299.0M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1761	+0.208%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1702	+0.067%	$281K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0421%	1h	4.1776	+0.245%	$1.8M	$2.2M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.1778	+0.250%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0542%	1h	4.1705	+0.074%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1861	+0.449%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0624%	1h	4.1802	+0.308%	$16.0M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0890%	1h	4.1778	+0.250%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0966%	8h	4.1810	+0.326%	$447K	$3.6M	75x	as long as short