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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against edgeX−0.290%64s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.388% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.290%, 7d avg −0.005%
Together, before fees−0.135%+ Points / potential airdropedgeX: Active · farm board−$13 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: Polymarket Perps is 0.285% cheaper against edgeX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NEARUSDC4.32510.0100pay 0.0050% / 4h3h 06m$258K$1.1M20x
ShortPolymarket Perps NEAR-USD4.31260.0100get 0.0013% / 1h6m 06s$201K$3.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: −0.290% → −0.005%
−$28.47
Slippage, 4 orders
−$21.76
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$67.23
Costs to cover
0.388%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago6.95 bp12.2 bp −$1227.8 bp −$278doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 3 min ago2.20 bp6.2 bp −$614.4 bp −$144doesn'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%1h4.3095−0.362%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0130%1h4.3153−0.228%$7.9M$38.0M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.3119−0.306%$2.2M$13.0M50xas long as short
Phemex NEARUSDT−0.0049%8h4.3150−0.234%$3.8M$8.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.3117−0.311%$112K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3132−0.276%$345K$18.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3090−0.373%$159K150xas long as short
Variational Omni NEAR+0.0010%8h4.3057−0.449%$8.2M$18.8Mas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.257%$578$302K12xas long as short
01 Exchange NEARUSD+0.0040%1h4.3111−0.324%$13K$7K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex NEARUSDT+0.0096%1h4.3120−0.303%$115K$474K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.3108−0.331%$57K$162K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3090−0.372%$31K$60810xas long as short
Aster NEARUSDT+0.0100%8h4.3162−0.206%$3.0M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.3158−0.216%$402K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3138−0.262%$257.4M$1.05B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3100−0.350%$218.1M$413.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3100−0.350%$61.0M$276.1M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3150−0.234%$204K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3243−0.020%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3144−0.248%$31.0M$61.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3150−0.234%$75.5M$141.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3160−0.211%$56.0M$42.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3118−0.308%$71.8M$122.0M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3150−0.234%$141.7Mas 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-USDshort+0.0100%1h4.3126−0.290%$201K$3.4M10x
SunX NEAR-USDT+0.0100%8h4.3190−0.142%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3130−0.280%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3210−0.095%$456K$3.7M75xas long as short
Extended NEAR-USD+0.0104%1h4.3081−0.393%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3113−0.321%$201K$31K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3250−0.003%$13.1M$27.7M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0375% / S −0.0308%1h4.3088−0.377%$275K100xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0376%1h4.3125−0.292%$1.9M$3.9M25xas long as short
Hyperliquid NEAR+0.0422%1h4.3234−0.040%$367.0M$301.2M10xas long as short
RISEx NEAR/USDC+0.0428%1h4.3140−0.257%$402K$1.2M10xas long as short
Nado NEAR-PERP+0.0437%1h4.3099−0.353%$1.9M$3.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0487%1h4.3186−0.151%$1.3M$5.9M20xas long as short
Lighter RH NEAR+0.0488%1h4.3192−0.137%$1.6M$7.0M10xas long as short
Phoenix NEAR+0.0499%1h4.3397+0.337%$1.8M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.1510%1h4.3223−0.066%$5K$12K10xas long as short
Lighter NEAR+0.1792%1h4.3239−0.028%$17.3M$24.7M15xas long as short