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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX+0.377%78s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$540.544% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 3 days (all we have)−0.366%−$37 · spread now +0.377%, 7d avg +0.003%
Together, before fees−0.432%+ Points / potential airdropedgeX: Active · farm board−$43 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: Phemex is 0.373% dearer against edgeX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NEARUSDC4.19920.0100pay 0.0050% / 4h1h 18m$240K$1.2M20x
ShortPhemex NEARUSDT4.21500.0100get 0.0100% / 8h1h 18m$3.9M$8.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: +0.377% → +0.003%
$37.31
Slippage, 4 orders
−$33.4
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$17.08
Costs to cover
0.544%
Break-even
never at this rate
Slippage from edgeX: live order book, 6 min ago; Phemex: live order book, 6 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 ago7.16 bp12.6 bp −$1333.4 bp −$334doesn't fitdoesn't fit
Sell Phemex live order book, 6 min ago1.19 bp13.5 bp −$1335.5 bp −$355doesn'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%1h4.2180+0.447%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.2182+0.453%$2.2M$12.9M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410−1.386%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.2215+0.531%$109K$58K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2165+0.412%$432K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2187+0.465%$209K150xas long as short
Kraken Futures PF_NEARUSD+0.0048%1h4.2170+0.423%$7.7M$36.6M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2180+0.448%$108K$482K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2185+0.460%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2210+0.519%$3.0M$5.7M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.2197+0.489%$364K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2150+0.377%$242.4M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2135+0.341%$215.4M$422.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2160+0.400%$58.5M$278.9M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2190+0.472%$227K$1.7M10xas long as short
Gate NEAR_USDT+0.0100%8h4.2200+0.496%$30.3M$57.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2200+0.496%$84.4M$142.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2210+0.519%$55.5M$44.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2164+0.410%$69.9M$125.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2180+0.448%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1950−0.100%$7.8M$18.3Mas long as short
edgeX NEARUSDClong+0.0100%4h4.1992long leg$240K$1.2M20x
GRVT NEAR_USDT_Perp+0.0100%8h4.2030+0.091%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2020+0.067%$176K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2210+0.519%$205K$3.2M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2194+0.481%$53K$189K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2230+0.567%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2150+0.377%$5K$46K10xas long as short
Phemex NEARUSDTshort+0.0100%8h4.2150+0.377%$3.9M$8.2M50x
Bulk NEAR-USD+0.0100%1h4.2042+0.119%$240K$2K10xas long as short
Extended NEAR-USD+0.0104%1h4.2150+0.377%$3.9M$14.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2182+0.453%$203K$62K3xas long as short
01 Exchange NEARUSD+0.0112%1h4.2195+0.484%$12K$7K10xas long as short
Lighter RH NEAR+0.0128%1h4.2163+0.408%$1.5M$7.0M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0200%1h4.2208+0.515%$1.9M$2.2M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.2120+0.305%$12.4M$31.8M75xas long as short
RISEx NEAR/USDC+0.0364%1h4.2213+0.526%$413K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0382% / S −0.0327%1h4.2187+0.464%$284K100xas long as short
Hyperliquid NEAR+0.0414%1h4.2248+0.610%$358.4M$293.9M10xas long as short
Backpack NEAR_USDC_PERP+0.0499%1h4.2147+0.369%$1.2M$5.7M20xas long as short
Nado NEAR-PERP+0.0503%1h4.2190+0.472%$1.9M$3.5M10xas long as short
Phoenix NEAR+0.0542%1h4.2035+0.103%$1.7M$2.7M10xas long as short
Lighter NEAR+0.0800%1h4.2247+0.609%$16.3M$23.5M15xas long as short
HTX NEAR-USDT+0.0951%8h4.2320+0.781%$455K$3.6M75xas long as short
Aftermath Perps NEARUSD+0.0975%1h4.1991−0.001%$5K$11K10xas long as short