Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against edgeX+1.156%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs+$90as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−1.321%−$132 · spread now +1.156%, 7d avg −0.016%

Together, before fees−1.362%+ Points / potential airdropedgeX: Active · farm board−$136 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: MEXC is 1.172% dearer against edgeX than usual: you sell high and buy low, +$117 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.2143	0.0100	pay 0.0050% / 4h	3h 31m	$261K	$1.2M	20x
Short	MEXC NEAR_USDT	4.2630	0.0100	get 0.0100% / 8h	7h 31m	$77.3M	$140.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +1.156%Rate

Funding earned: $0
Price spread: +1.156% → −0.016%: $117.2
Slippage, 4 orders: −$17.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $90.3
Costs to cover: 0.269%
Break-even: from the start

Slippage from edgeX: live order book, 2 min ago; MEXC: live order book, 3 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	7.09 bp	12.0 bp −$12	32.0 bp −$320	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.18 bp	1.2 bp −$1	4.3 bp −$43	59.0 bp −$5,902	96.7 bp −$48.3K

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
Reya NEARRUSDPERP	−0.0171%	1h	4.2605	+1.098%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2452	+0.734%	$7.2M	$37.4M	50x	as long as short
Bybit NEARUSDT	−0.0106%	8h	4.2631	+1.159%	$215.3M	$415.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2418	+0.653%	$2.2M	$12.8M	50x	as long as short
Gate NEAR_USDT	−0.0034%	8h	4.2634	+1.166%	$30.6M	$59.3M	75x	as long as short
01 Exchange NEARUSD	−0.0024%	1h	4.2619	+1.130%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	+0.370%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2627	+1.149%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2443	+0.713%	$423K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2651	+1.206%	$203K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−1.739%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2610	+1.109%	$111K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2659	+1.225%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2569	+1.010%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2647	+1.196%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2627	+1.150%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2644	+1.189%	$252.7M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2630	+1.156%	$59.9M	$277.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2610	+1.109%	$195K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+1.345%	$243K	−$0	10x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.2630	+1.156%	$77.3M	$140.1M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2660	+1.228%	$56.0M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2604	+1.095%	$70.6M	$124.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2640	+1.180%	—	$6.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.2143	long leg	$261K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	+0.010%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2320	+0.421%	$177K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2616	+1.123%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2490	+0.824%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2449	+0.727%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2530	+0.919%	$456K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2450	+0.729%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2576	+1.029%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2440	+0.706%	$198K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0153%	1h	4.2663	+1.235%	$357.4M	$304.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2320	+0.421%	$13.0M	$28.0M	75x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2684	+1.285%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0308%	1h	4.2637	+1.173%	$272K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0388%	1h	4.2487	+0.817%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2639	+1.177%	$404K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0481%	1h	4.2575	+1.026%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	+0.138%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0527%	1h	4.2483	+0.808%	$1.9M	$3.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1322%	1h	4.2534	+0.929%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1904%	1h	4.2746	+1.431%	$17.1M	$24.1M	15x	as long as short