Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against edgeX+0.338%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 4 days (all we have)−0.443%−$44 · spread now +0.338%, 7d avg +0.005%

Together, before fees−0.248%+ Points / potential airdropedgeX: Active · farm board−$25 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 BloFin is 0.333% dearer against edgeX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3892	0.0100	pay 0.0050% / 4h	23m 41s	$263K	$976K	20x
Short	BloFin NEAR-USDT	4.4040	0.0220	get 0.0220% / 8h	4h 23m	$13.9M	$32.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.338%Rate

Funding earned: $25.2
Price spread: +0.338% → +0.005%: $33.31
Slippage, 4 orders: −$30.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.4
Costs to cover: 0.511%
Break-even: 4.9 days

Slippage from edgeX: live order book, 25 min ago; BloFin: live order book, 10 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, 25 min ago	10.08 bp	14.9 bp −$15	33.0 bp −$330	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	4.53 bp	10.5 bp −$11	15.2 bp −$152	41.5 bp −$4,150	93.0 bp −$46.5K

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	4.4062	+0.388%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4046	+0.352%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4092	+0.455%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4084	+0.438%	$587K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4039	+0.335%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.654%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4090	+0.452%	$113K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4132	+0.547%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4182	+0.661%	$271.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4130	+0.543%	$221.8M	$424.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4150	+0.588%	$62.7M	$299.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	+0.471%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4113	+0.504%	$32.0M	$63.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4130	+0.543%	$74.4M	$149.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4110	+0.497%	$54.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4130	+0.543%	$72.5M	$130.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4150	+0.588%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3777	−0.262%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3892	long leg	$263K	$976K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3860	−0.072%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3820	−0.163%	$168K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4113	+0.504%	$234K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4063	+0.390%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4180	+0.657%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4065	+0.395%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.657%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	+0.475%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4140	+0.566%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4088	+0.448%	$205K	$40K	3x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.4040	+0.338%	$13.9M	$32.8M	75x
Hyperliquid NEAR	+0.0268%	1h	4.4149	+0.586%	$364.1M	$324.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0279%	1h	4.4141	+0.568%	$1.3M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0299%	8h	4.4175	+0.645%	$3.0M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.4151	+0.591%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0312%	1h	4.4113	+0.504%	$3.9M	$19.7M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.4038	+0.334%	$232K	—	100x	as long as short
Nado NEAR-PERP	+0.0532%	1h	4.4085	+0.440%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0568%	1h	4.4155	+0.600%	$1.5M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4230	+0.771%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4099	+0.471%	$8.1M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3965	+0.167%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0795%	1h	4.4080	+0.429%	$2.0M	$7.3M	25x	as long as short
Lighter NEAR	+0.0896%	1h	4.4208	+0.720%	$17.8M	$26.5M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4221	+0.749%	$587K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1512%	1h	4.4047	+0.353%	$5K	$12K	10x	as long as short