Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: BingX against dYdX−0.062%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1311.314% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.355%+$35 · spread now −0.062%, 7d avg +0.012%

Together, before fees+0.472%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.074% cheaper against dYdX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.012%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3117	0	get 0.0000% / 1h	6m 24s	$112K	$64K	10x
Short	BingX NEAR-USDT	4.3090	0.0100	get 0.0100% / 8h	7h 06m	—	$141.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $21
Price spread: −0.062% → +0.012%: −$7.38
Slippage, 4 orders: −$111.42
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$117.79
Costs to cover: 1.314%
Break-even: 46.3 days

Slippage from dYdX: live order book, 2 min ago; BingX: live order book, 3 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 dYdX live order book, 2 min ago	53.24 bp	59.6 bp −$60	62.5 bp −$625	85.4 bp −$8,538	138.1 bp −$69.1K
Sell BingX live order book, 3 min ago	1.16 bp	6.6 bp −$7	9.4 bp −$94	21.0 bp −$2,098	48.0 bp −$24.0K

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	4.3095	−0.051%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3351	+0.542%	$8.0M	$38.0M	50x	as long as short
Phemex NEARUSDT	−0.0115%	8h	4.3250	+0.309%	$3.8M	$8.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3319	+0.469%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3117	long leg	$112K	$64K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3248	+0.304%	$346K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3090	−0.062%	$159K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	+0.304%	$8.2M	$18.9M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.959%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0040%	1h	4.3111	−0.013%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3120	+0.007%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3108	−0.020%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3090	−0.062%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3172	+0.129%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3158	+0.095%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3110	−0.016%	$257.3M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3073	−0.102%	$218.0M	$413.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3070	−0.109%	$60.9M	$275.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3150	+0.077%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.292%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3088	−0.067%	$31.0M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3100	−0.039%	$75.4M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3140	+0.054%	$56.0M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3105	−0.027%	$71.8M	$122.0M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.3090	−0.062%	—	$141.7M	—
edgeX NEARUSDC	+0.0100%	4h	4.3251	+0.312%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3241	+0.288%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3290	+0.402%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3126	+0.021%	$201K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3300	+0.425%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3310	+0.448%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3350	+0.541%	$457K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3097	−0.045%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3113	−0.010%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	+0.309%	$13.1M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0308%	1h	4.3088	−0.067%	$275K	—	100x	as long as short
Hyperliquid NEAR	+0.0416%	1h	4.3198	+0.188%	$366.7M	$301.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3140	+0.054%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0437%	1h	4.3099	−0.042%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0480%	1h	4.3183	+0.154%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0490%	1h	4.3260	+0.332%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3397	+0.650%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0651%	1h	4.3348	+0.536%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1510%	1h	4.3223	+0.246%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3272	+0.360%	$17.3M	$24.7M	15x	as long as short