Funding arb · Price arb /

NEAR

all NEAR markets

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: MEXC against Coinbase International+0.043%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.043%, 7d avg +0.003%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.039% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.2182	−0.0032	get 0.0004% / 1h	18m 15s	$2.2M	$12.9M	50x
Short	MEXC NEAR_USDT	4.2200	0.0100	get 0.0100% / 8h	1h 18m	$84.4M	$142.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.043%Rate

Funding earned: $27.72
Price spread: +0.043% → +0.003%: $3.92
Slippage, 4 orders: −$18.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.29
Costs to cover: 0.284%
Break-even: 6.2 days

Slippage from Coinbase International: live order book, 6 min ago; MEXC: live order book, 1 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, 6 min ago	4.54 bp	12.7 bp −$13	19.9 bp −$199	538.4 bp −$53.8K	doesn't fit
Sell MEXC live order book, 1 min ago	1.19 bp	1.2 bp −$1	2.2 bp −$22	52.5 bp −$5,246	83.0 bp −$41.5K

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	4.2180	−0.006%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0032%	1h	4.2182	long leg	$2.2M	$12.9M	50x
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.830%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2215	+0.078%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2165	−0.040%	$432K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2187	+0.012%	$209K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2170	−0.029%	$7.7M	$36.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2180	−0.005%	$108K	$482K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2185	+0.007%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2210	+0.066%	$3.0M	$5.7M	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	4.2197	+0.036%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2150	−0.076%	$242.4M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2135	−0.111%	$215.4M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2160	−0.052%	$58.5M	$278.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2190	+0.019%	$227K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2200	+0.043%	$30.3M	$57.8M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.2200	+0.043%	$84.4M	$142.7M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2210	+0.066%	$55.5M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2164	−0.043%	$69.9M	$125.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2180	−0.005%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1950	−0.551%	$7.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1992	−0.451%	$240K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2030	−0.360%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2020	−0.384%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2210	+0.066%	$205K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2194	+0.028%	$53K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2230	+0.114%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2150	−0.076%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2150	−0.076%	$3.9M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.332%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2150	−0.076%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2182	0.000%	$203K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0112%	1h	4.2195	+0.031%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0128%	1h	4.2163	−0.045%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0200%	1h	4.2208	+0.062%	$1.9M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2120	−0.147%	$12.4M	$31.8M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2213	+0.073%	$413K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0382% / S −0.0327%	1h	4.2187	+0.011%	$284K	—	100x	as long as short
Hyperliquid NEAR	+0.0414%	1h	4.2248	+0.157%	$358.4M	$293.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0499%	1h	4.2147	−0.083%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0503%	1h	4.2190	+0.019%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2035	−0.348%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0800%	1h	4.2247	+0.155%	$16.3M	$23.5M	15x	as long as short
HTX NEAR-USDT	+0.0951%	8h	4.2320	+0.327%	$455K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0975%	1h	4.1991	−0.452%	$5K	$11K	10x	as long as short