Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against edgeX+0.411%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.376%−$38 · spread now +0.411%, 7d avg −0.019%

Together, before fees−0.389%+ Points / potential airdropedgeX: Active · farm board−$39 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: OKX is 0.430% dearer against edgeX than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4258	0.0100	pay 0.0050% / 4h	1h 55m	$258K	$962K	20x
Short	OKX NEAR-USDT-SWAP	4.4440	0.0100	get 0.0100% / 8h	1h 55m	$62.6M	$295.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.411%Rate

Funding earned: $0
Price spread: +0.411% → −0.019%: $42.97
Slippage, 4 orders: −$24.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$0.33
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from edgeX: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	6.99 bp	13.0 bp −$13	41.1 bp −$411	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.13 bp	8.5 bp −$9	14.8 bp −$148	41.4 bp −$4,145	doesn't fit

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	4.4453	+0.440%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4297	+0.089%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4438	+0.407%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.435%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4450	+0.434%	$114K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4450	+0.434%	$226.9M	$424.0M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4440	+0.411%	$62.6M	$295.8M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4419	+0.365%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4432	+0.393%	$34.2M	$59.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4450	+0.434%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4440	+0.411%	$73.4M	$125.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	+0.337%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4258	long leg	$258K	$962K	20x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4463	+0.463%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4434	+0.398%	$58K	$242K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4490	+0.524%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4590	+0.750%	$466K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	+0.434%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4397	+0.314%	$32K	$585	10x	as long as short
SoDEX NEAR-USD	+0.0109%	1h	4.4425	+0.377%	$5K	$52K	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4390	+0.298%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4442	+0.415%	$207K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0154%	8h	4.4450	+0.434%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0162%	8h	4.4430	+0.388%	$85.3M	$143.6M	200x	as long as short
Binance NEARUSDT	+0.0163%	8h	4.4441	+0.414%	$269.2M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0283%	8h	4.4460	+0.456%	$13.5M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0301%	8h	4.4371	+0.255%	$1.1M	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4435	+0.401%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4420	+0.366%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0400%	1h	4.4399	+0.318%	$3.7M	$19.1M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4495	+0.535%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0440%	1h	4.4430	+0.388%	$168K	$803K	50x	as long as short
Nado NEAR-PERP	+0.0483%	1h	4.4440	+0.411%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0488%	1h	4.4442	+0.416%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0606%	1h	4.4468	+0.474%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0657%	1h	4.4420	+0.365%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0692%	1h	4.4498	+0.542%	$366.1M	$312.8M	10x	as long as short
Lighter NEAR	+0.0816%	1h	4.4489	+0.522%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4440	+0.411%	$225K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0921%	1h	4.4444	+0.420%	$1.9M	$12.2M	25x	as long as short
Lighter RH NEAR	+0.1032%	1h	4.4503	+0.553%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4512	+0.574%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4334	+0.172%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1207%	1h	4.4294	+0.080%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4438	+0.406%	$688K	$1.4M	10x	as long as short