Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Bybit against edgeX−0.081%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 3 days (all we have)−0.180%−$18 · spread now −0.081%, 7d avg −0.041%

Together, before fees−0.235%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.040% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.1554	0.0100	pay 0.0050% / 4h	2h 29m	$236K	$1.3M	20x
Short	Bybit NEARUSDT	4.1520	0.0100	get 0.0100% / 8h	2h 29m	$211.2M	$429.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.041%: −$3.96
Slippage, 4 orders: −$22.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.86
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	7.22 bp	12.7 bp −$13	33.3 bp −$333	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.20 bp	9.3 bp −$9	17.1 bp −$171	39.7 bp −$3,971	211.1 bp −$105.6K

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	4.1507	−0.111%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1394	−0.384%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1513	−0.098%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1482	−0.172%	$412K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1526	−0.067%	$206K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.982%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0063%	1h	4.1567	+0.032%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1490	−0.153%	$109K	$491K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1496	−0.138%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1525	−0.069%	$2.9M	$5.9M	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	4.1519	−0.083%	$367K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1529	−0.058%	$236.5M	$1.09B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.1520	−0.081%	$211.2M	$429.1M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1520	−0.081%	$56.7M	$278.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1550	−0.008%	$237K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1522	−0.076%	$29.6M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1510	−0.105%	$81.3M	$143.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1540	−0.032%	$56.2M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1561	+0.018%	$69.2M	$127.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1520	−0.081%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1573	+0.047%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.1554	long leg	$236K	$1.3M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1538	−0.038%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1610	+0.136%	$183K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1532	−0.052%	$197K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1541	−0.030%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1540	−0.032%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1553	−0.001%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1490	−0.153%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1525	−0.068%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1546	−0.017%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1510	−0.105%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1578	+0.059%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1610	+0.136%	$12.3M	$33.9M	75x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.1500	−0.129%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0337%	1h	4.1489	−0.155%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.1560	+0.016%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0317%	1h	4.1524	−0.072%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1510	−0.105%	$415K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1501	−0.126%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0797%	1h	4.1609	+0.134%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0872%	1h	4.1578	+0.059%	$15.4M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.0987%	1h	4.1488	−0.158%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1071%	1h	4.1588	+0.083%	$349.8M	$301.7M	10x	as long as short
HTX NEAR-USDT	+0.1119%	8h	4.1510	−0.105%	$446K	$3.8M	75x	as long as short