Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against edgeX+0.448%59s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.424% of the position

Long on edgeX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.662%−$66 · spread now +0.448%, 7d avg +0.004%

Together, before fees−0.666%+ Points / potential airdropedgeX: Active · farm board−$67 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: Popdex is 0.444% dearer against edgeX than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.1992	0.0100	pay 0.0050% / 4h	1h 18m	$240K	$1.2M	20x
Short	Popdex NEARUSDT	4.2180	0.0096	get 0.0012% / 1h	18m 25s	$108K	$482K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.448%Rate

Funding earned: −$0.84
Price spread: +0.448% → +0.004%: $44.41
Slippage, 4 orders: −$27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $1.17
Costs to cover: 0.424%
Break-even: from the start

Slippage from edgeX: live order book, 5 min ago; Popdex: live order book, just now.

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, 5 min ago	7.16 bp	12.6 bp −$13	33.4 bp −$334	doesn't fit	doesn't fit
Sell Popdex live order book, just now	2.37 bp	8.5 bp −$8	58.3 bp −$583	doesn't fit	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	4.2180	+0.447%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2090	+0.234%	$2.2M	$12.8M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.386%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2215	+0.531%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2105	+0.269%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2187	+0.465%	$209K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2077	+0.202%	$7.7M	$36.6M	50x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.2180	+0.448%	$108K	$482K	50x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2185	+0.460%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2240	+0.591%	$3.0M	$5.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2197	+0.489%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2180	+0.448%	$241.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2160	+0.400%	$215.3M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2160	+0.400%	$58.5M	$278.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2190	+0.472%	$227K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2215	+0.531%	$30.4M	$57.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2200	+0.496%	$84.4M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2210	+0.519%	$55.5M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2185	+0.460%	$69.9M	$125.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2170	+0.424%	—	$137.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1950	−0.100%	$7.8M	$18.3M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.1992	long leg	$240K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2030	+0.091%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2020	+0.067%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2210	+0.519%	$205K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2066	+0.177%	$54K	$182K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2130	+0.329%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2050	+0.138%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2080	+0.210%	$3.9M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	+0.119%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2160	+0.400%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2069	+0.184%	$203K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0112%	1h	4.2195	+0.484%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0128%	1h	4.2200	+0.496%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0154%	1h	4.2104	+0.267%	$1.9M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2120	+0.305%	$12.4M	$31.8M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2213	+0.526%	$413K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0382% / S −0.0327%	1h	4.2088	+0.229%	$283K	—	100x	as long as short
Hyperliquid NEAR	+0.0414%	1h	4.2248	+0.610%	$358.4M	$293.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0499%	1h	4.2147	+0.369%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0503%	1h	4.2190	+0.472%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2035	+0.103%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0800%	1h	4.2279	+0.684%	$16.2M	$23.4M	15x	as long as short
HTX NEAR-USDT	+0.0953%	8h	4.2190	+0.472%	$453K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0975%	1h	4.1991	−0.001%	$5K	$11K	10x	as long as short