Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0513%/8h= −56.2% APRpaid last 24h −0.094%
Price spread now: edgeX against Deribit−0.962%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$390.393% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.382%−$38 on $10k
Price spread, last 4 days (all we have)+0.675%+$67 · spread now −0.962%, 7d avg −0.083%
Together, before fees+0.293%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.878% cheaper against Deribit than usual: you would sell low and buy high (−$88 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit NEAR_USDC-PERPETUAL4.40820.0613pay 0.0077% / 1h45m 13s$1.9M$13.1M25x
ShortedgeX NEARUSDC4.36580.0100get 0.0050% / 4h3h 45m$253K$895K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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

Funding earned
−$107.73
Price spread: −0.962% → −0.083%
−$87.83
Slippage, 4 orders
−$23.26
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$234.82
Costs to cover
0.393%
Break-even
never at this rate
Slippage from Deribit: live order book, 4 min ago; edgeX: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 4 min ago2.51 bp6.0 bp −$617.0 bp −$170doesn't fitdoesn't fit
Sell edgeX live order book, 44 min ago8.05 bp13.5 bp −$1427.6 bp −$276doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NEARUSDT−0.0787%8h4.4050−0.073%$3.6M$8.2M50xas long as short
Kraken Futures PF_NEARUSD−0.0429%1h4.4043−0.089%$7.3M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4054−0.065%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4063−0.044%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4269+0.425%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.061%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4060−0.050%$119K$509K50xas long as short
Aster NEARUSDT+0.0100%8h4.4050−0.073%$2.8M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.4050−0.073%$224.2M$431.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4050−0.073%$62.1M$299.7M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.4070−0.027%$222K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3750−0.753%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4025−0.129%$36.6M$61.9M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4090+0.018%$53.0M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4050−0.073%$72.6M$128.3M75xas long as short
Variational Omni NEAR+0.0100%8h4.4208+0.285%$9.1M$18.2Mas long as short
edgeX NEARUSDCshort+0.0100%4h4.3658−0.962%$253K$895K20x
GRVT NEAR_USDT_Perp+0.0100%8h4.3670−0.935%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4050−0.073%$168K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4040−0.095%$275K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4066−0.036%$59K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4080−0.005%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4055−0.061%$5K$50K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.4029−0.120%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.4030−0.117%$3.7M$15.9M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.4055−0.061%$205K$40K3xas long as short
MEXC NEAR_USDT+0.0121%8h4.4040−0.095%$92.5M$155.2M200xas long as short
Binance NEARUSDT+0.0122%8h4.4025−0.128%$265.4M$1.09B75xas long as short
BingX NEAR-USDC+0.0133%8h4.4020−0.141%$6.7Mas long as short
Kalshi KXNEARPERP+0.0151%8h4.4137+0.125%$880K$25.4M2.2xas long as short
Hyperliquid NEAR+0.0173%1h4.4102+0.044%$356.3M$318.5M10xas long as short
BloFin NEAR-USDT+0.0242%8h4.4110+0.064%$12.7M$32.7M75xas long as short
Nado NEAR-PERP+0.0251%1h4.4074−0.018%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0296%1h4.4088+0.014%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0350% / S −0.0252%1h4.4018−0.145%$258K100xas long as short
Lighter RH NEAR+0.0432%1h4.4115+0.075%$1.5M$6.4M10xas long as short
HTX NEAR-USDT+0.0444%8h4.4180+0.222%$467K$3.8M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.4150+0.154%$2.3M$17.3M50xas long as short
Lighter NEAR+0.0496%1h4.4115+0.075%$17.4M$23.8M15xas long as short
Deribit NEAR_USDC-PERPETUALlong+0.0613%1h4.4082long leg$1.9M$13.1M25x
Backpack NEAR_USDC_PERP+0.0613%1h4.4257+0.397%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.4055−0.062%$601K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.4141+0.133%$416K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.4222+0.318%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1055%1h4.3884−0.449%$5K$7K10xas long as short