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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.047%
Price spread now: Coinbase International against edgeX+0.071%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$520.520% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.227%−$23 on $10k
Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.071%, 7d avg −0.020%
Together, before fees−0.347%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.091% dearer against edgeX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.020%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 37 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NEARUSDC4.32510.0100pay 0.0050% / 4h3h 07m$258K$1.1M20x
ShortCoinbase International NEAR-PERP-INTX4.3282−0.0096pay 0.0012% / 1h7m 31s$2.3M$13.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$41.16
Price spread: +0.071% → −0.020%
$9.12
Slippage, 4 orders
−$32.98
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$84.02
Costs to cover
0.520%
Break-even
never at this rate
Slippage from edgeX: live order book, 6 min ago; Coinbase International: live order book, 7 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 edgeX live order book, 6 min ago6.91 bp12.2 bp −$1229.1 bp −$291doesn't fitdoesn't fit
Sell Coinbase International live order book, 7 min ago6.00 bp11.6 bp −$1217.6 bp −$176doesn'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
Reya NEARRUSDPERP−0.0171%1h4.3244−0.017%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0130%1h4.3267+0.037%$8.0M$37.9M50xas long as short
Coinbase International NEAR-PERP-INTXshort−0.0096%1h4.3282+0.071%$2.3M$13.0M50x
Phemex NEARUSDT−0.0057%8h4.3280+0.066%$3.9M$8.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.3239−0.029%$112K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3221−0.070%$346K$18.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3280+0.067%$159K150xas long as short
Variational Omni NEAR+0.0010%8h4.3248−0.008%$8.2M$18.9Mas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.257%$578$302K12xas long as short
01 Exchange NEARUSD+0.0040%1h4.3234−0.040%$13K$7K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex NEARUSDT+0.0096%1h4.3240−0.026%$115K$474K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.3237−0.033%$57K$162K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3215−0.084%$31K$60810xas long as short
Aster NEARUSDT+0.0100%8h4.3272+0.048%$3.0M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.3256+0.011%$403K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3260+0.020%$258.2M$1.05B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3230−0.049%$218.7M$413.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3240−0.026%$61.1M$277.3M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3260+0.020%$205K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3243−0.020%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3236−0.035%$31.1M$60.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3250−0.003%$75.7M$141.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3260+0.020%$56.2M$42.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3244−0.017%$72.0M$122.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3270+0.043%$6.6Mas long as short
edgeX NEARUSDClong+0.0100%4h4.3251long leg$258K$1.1M20x
GRVT NEAR_USDT_Perp+0.0100%8h4.3241−0.024%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3290+0.090%$181K$775K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3270+0.043%$198K$3.4M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3210−0.095%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3225−0.061%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3270+0.043%$456K$3.7M75xas long as short
Extended NEAR-USD+0.0104%1h4.3214−0.086%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3217−0.079%$201K$31K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3300+0.113%$13.2M$27.8M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0375% / S −0.0307%1h4.3219−0.075%$275K100xas long as short
Hyperliquid NEAR+0.0410%1h4.3337+0.198%$367.9M$301.0M10xas long as short
RISEx NEAR/USDC+0.0428%1h4.3266+0.033%$404K$1.2M10xas long as short
Nado NEAR-PERP+0.0429%1h4.3240−0.025%$1.9M$3.1M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0444%1h4.3243−0.019%$1.9M$3.9M25xas long as short
Lighter RH NEAR+0.0480%1h4.3330+0.182%$1.6M$7.0M10xas long as short
Backpack NEAR_USDC_PERP+0.0486%1h4.3352+0.233%$1.3M$5.9M20xas long as short
Phoenix NEAR+0.0499%1h4.3397+0.337%$1.8M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.1505%1h4.3309+0.134%$5K$12K10xas long as short
Lighter NEAR+0.1800%1h4.3372+0.279%$17.3M$24.7M15xas long as short