Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%

Price spread now: BingX against HTX−0.276%7-day average −0.265% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.657%−$66 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now −0.276%, 7d avg −0.265%

Together, before fees−0.768%−$77 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3550	0.0100	pay 0.0100% / 8h	7h 11m	$459K	$3.7M	75x
Short	BingX NEAR-USDC	4.3430	0.0100	get 0.0100% / 8h	7h 11m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now −0.276%Rate

Funding earned: $0
Price spread: −0.276% → −0.265%: −$1.03
Slippage, 4 orders: −$43.15
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.18
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; BingX: live order book, 10 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 HTX live order book, 2 min ago	11.49 bp	19.2 bp −$19	46.3 bp −$463	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	1.16 bp	11.4 bp −$11	19.6 bp −$196	63.0 bp −$6,301	553.1 bp −$276.6K

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
Phemex NEARUSDT	−0.0275%	8h	4.3360	−0.436%	$3.9M	$8.4M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3402	−0.341%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3411	−0.320%	$7.5M	$37.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3370	−0.413%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3411	−0.320%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3520	−0.069%	$359K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3430	−0.275%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−1.221%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0016%	1h	4.3445	−0.241%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.914%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3440	−0.253%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3430	−0.276%	$58K	$177K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3440	−0.251%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3490	−0.139%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3439	−0.255%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3445	−0.240%	$259.3M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3380	−0.390%	$219.9M	$415.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3360	−0.436%	$61.3M	$279.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3470	−0.184%	$206K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−1.071%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3405	−0.333%	$31.3M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3350	−0.459%	$76.2M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3430	−0.276%	$56.4M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3421	−0.296%	$72.4M	$122.8M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.3430	−0.276%	—	$6.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.3290	−0.597%	$258K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3295	−0.585%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	−0.505%	$181K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3448	−0.234%	$194K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3500	−0.115%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3425	−0.287%	$5K	$51K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3550	long leg	$459K	$3.7M	75x
Extended NEAR-USD	+0.0104%	1h	4.3399	−0.346%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3428	−0.279%	$202K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3400	−0.344%	$13.0M	$27.8M	75x	as long as short
Hyperliquid NEAR	+0.0369%	1h	4.3516	−0.078%	$370.4M	$306.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0307%	1h	4.3425	−0.288%	$277K	—	100x	as long as short
Nado NEAR-PERP	+0.0415%	1h	4.3450	−0.230%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3460	−0.206%	$404K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3523	−0.062%	$1.6M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0464%	1h	4.3464	−0.197%	$1.9M	$3.8M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0485%	1h	4.3387	−0.374%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+0.202%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1497%	1h	4.3294	−0.588%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1816%	1h	4.3521	−0.066%	$17.4M	$24.7M	15x	as long as short