Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against edgeX+0.102%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2672.673% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 3 days (all we have)−0.461%−$46 · spread now +0.102%, 7d avg −0.019%

Together, before fees−0.665%+ Points / potential airdropedgeX: Active · farm board−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.120% dearer against edgeX than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.019%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.1204	0.0100	pay 0.0050% / 4h	2h 07m	$235K	$1.2M	20x
Short	dYdX NEAR-USD	4.1246	0	get 0.0000% / 1h	7m 18s	$104K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$21
Price spread: +0.102% → −0.019%: $12.01
Slippage, 4 orders: −$248.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$276.31
Costs to cover: 2.673%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; dYdX: live order book, 17 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, 2 min ago	8.47 bp	13.7 bp −$14	23.7 bp −$237	doesn't fit	doesn't fit
Sell dYdX live order book, 17 min ago	112.52 bp	117.5 bp −$118	127.8 bp −$1,278	141.2 bp −$14.1K	162.3 bp −$81.1K

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	4.1207	+0.007%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1380	+0.427%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.1246	+0.102%	$104K	$54K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.1372	+0.408%	$397K	$18.4M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1229	+0.061%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1205	+0.001%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.500%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1220	+0.039%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1217	+0.032%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1204	0.000%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1259	+0.133%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1258	+0.132%	$348K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1202	−0.006%	$234.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1190	−0.034%	$209.6M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1210	+0.015%	$56.1M	$274.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.131%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1216	+0.029%	$29.3M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1210	+0.015%	$80.4M	$144.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1240	+0.087%	$55.7M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1200	−0.010%	$68.5M	$126.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1190	−0.034%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.219%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.1204	long leg	$235K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1290	+0.209%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1210	+0.015%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1244	+0.097%	$201K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1270	+0.160%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1196	−0.019%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1210	+0.015%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1191	−0.031%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1200	−0.010%	$200K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1240	+0.087%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1224	+0.049%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.1228	+0.058%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1270	+0.160%	$12.3M	$33.6M	75x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1291	+0.211%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.1213	+0.023%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1199	−0.012%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1240	+0.086%	$410K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1365	+0.391%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0744%	1h	4.1361	+0.381%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0744%	1h	4.1301	+0.236%	$15.2M	$23.1M	15x	as long as short
Hyperliquid NEAR	+0.0862%	1h	4.1275	+0.172%	$346.5M	$298.8M	10x	as long as short
Aftermath Perps NEARUSD	+0.0935%	1h	4.1270	+0.161%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1069%	8h	4.1320	+0.282%	$444K	$3.7M	75x	as long as short