Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.011%

Price spread now: edgeX against Extended+0.199%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.280%−$28 · spread now +0.199%, 7d avg +0.047%

Together, before fees−0.272%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.152% dearer against Extended than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.047%): +$15 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 29 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.2763	0.0520	pay 0.0065% / 1h	53m 04s	$3.7M	$19.9M	25x
Short	edgeX NEARUSDC	4.2849	0.0100	get 0.0050% / 4h	2h 53m	$250K	$948K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.199%Rate

Funding earned: −$88.2
Price spread: +0.199% → +0.047%: $15.21
Slippage, 4 orders: −$22.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$109.23
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; edgeX: live order book, 51 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 Extended live order book, 6 min ago	2.21 bp	5.5 bp −$5	13.8 bp −$138	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	6.91 bp	12.5 bp −$12	28.2 bp −$282	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	4.2744	−0.045%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2726	−0.087%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2736	−0.063%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.165%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2710	−0.125%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2830	+0.156%	$261.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2799	+0.083%	$212.2M	$427.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2840	+0.179%	$60.3M	$286.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.490%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2769	+0.013%	$31.9M	$59.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2810	+0.109%	$70.6M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2790	+0.062%	$52.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2776	+0.029%	$70.8M	$127.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2790	+0.062%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.150%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.2849	+0.199%	$250K	$948K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	+0.062%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2740	−0.055%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2807	+0.102%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2790	+0.062%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	+0.179%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	+0.062%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2722	−0.097%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2738	−0.060%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.202%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0234%	1h	4.2699	−0.150%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2754	−0.022%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2762	−0.003%	$823K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2728	−0.084%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2823	+0.140%	$2.8M	$5.5M	50x	as long as short
Lighter NEAR	+0.0440%	1h	4.2834	+0.165%	$16.8M	$24.9M	15x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	+0.156%	$165K	$793K	50x	as long as short
Extended NEAR-USDlong	+0.0520%	1h	4.2763	long leg	$3.7M	$19.9M	25x
Hyperliquid NEAR	+0.0626%	1h	4.2834	+0.165%	$349.7M	$311.1M	10x	as long as short
SoDEX NEAR-USD	+0.0636%	1h	4.2775	+0.027%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0648%	1h	4.2767	+0.008%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0660%	1h	4.2813	+0.116%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2772	+0.021%	$7.5M	$38.8M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.2835	+0.167%	$1.5M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2750	−0.031%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2758	−0.012%	$392K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0966%	1h	4.2800	+0.085%	$1.9M	$10.5M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.256%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2736	−0.064%	$671K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1476%	1h	4.2814	+0.118%	$5K	$12K	10x	as long as short