Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h 0.000%

Price spread now: BingX against edgeX−0.119%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.161%+$16 · spread now −0.119%, 7d avg −0.005%

Together, before fees+0.074%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.114% cheaper against edgeX than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.005%). If the spread goes back, that is −$11 on $10k: about 8.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3672	0.0100	pay 0.0050% / 4h	3h 55m	$253K	$892K	20x
Short	BingX NEAR-USDC	4.3620	0.0144	get 0.0144% / 8h	7h 55m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $9.24
Price spread: −0.119% → −0.005%: −$11.41
Slippage, 4 orders: −$38.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.31
Costs to cover: 0.571%
Break-even: 51.9 days

Slippage from edgeX: live order book, 34 min ago; BingX: live order book, 12 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 edgeX live order book, 34 min ago	8.05 bp	13.7 bp −$14	56.3 bp −$563	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	1.14 bp	13.8 bp −$14	33.2 bp −$332	69.8 bp −$6,985	484.7 bp −$242.3K

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
Kraken Futures PF_NEARUSD	−0.0433%	1h	4.3610	−0.142%	$7.2M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3558	−0.261%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3514	−0.363%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3608	−0.147%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.180%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3550	−0.279%	$115K	$500K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3638	−0.078%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3680	+0.018%	$220.4M	$429.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3610	−0.142%	$61.4M	$296.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3570	−0.234%	$228K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.036%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3608	−0.147%	$36.1M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3580	−0.211%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3607	−0.149%	$72.1M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3578	−0.216%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3672	long leg	$253K	$892K	20x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3710	+0.087%	$167K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3565	−0.245%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3654	−0.041%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3640	−0.073%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3620	−0.119%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3690	+0.041%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3535	−0.315%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3593	−0.182%	$3.6M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3621	−0.117%	$203K	$40K	3x	as long as short
Binance NEARUSDT	+0.0133%	8h	4.3619	−0.122%	$263.2M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0136%	8h	4.3590	−0.188%	$90.1M	$152.8M	200x	as long as short
BingX NEAR-USDCshort	+0.0144%	8h	4.3620	−0.119%	—	$6.7M	—
Kalshi KXNEARPERP	+0.0161%	8h	4.3575	−0.222%	$911K	$25.1M	2.2x	as long as short
GRVT NEAR_USDT_Perp	+0.0250%	8h	4.3771	+0.227%	$1.4M	$1.6M	10x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.3670	−0.005%	$13.4M	$32.2M	75x	as long as short
Hyperliquid NEAR	+0.0307%	1h	4.3619	−0.121%	$351.8M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.3583	−0.204%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0345% / S −0.0246%	1h	4.3608	−0.146%	$254K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.3683	+0.025%	$1.5M	$6.4M	10x	as long as short
Nado NEAR-PERP	+0.0384%	1h	4.3547	−0.286%	$1.7M	$3.2M	10x	as long as short
HTX NEAR-USDT	+0.0423%	8h	4.3690	+0.041%	$462K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3634	−0.087%	$2.3M	$17.0M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0555%	1h	4.3574	−0.224%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3560	−0.257%	$592K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3535	−0.315%	$410K	$1.4M	10x	as long as short
Lighter NEAR	+0.0728%	1h	4.3693	+0.048%	$17.2M	$23.8M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0896%	1h	4.3660	−0.028%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3754	+0.188%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1099%	1h	4.3638	−0.079%	$5K	$7K	10x	as long as short