Funding arb · Price arb /

NEAR

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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: MEXC against HTX−0.160%50s7-day average −0.256% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

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

costs, in and out, $10k−$440.436% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.611%−$61 on $10k

Price spread, last 4 days (all we have)−0.422%−$42 · spread now −0.160%, 7d avg −0.256%

Together, before fees−1.032%−$103 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: MEXC is 0.096% dearer against HTX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.256%. The two prices were read 50 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	HTX NEAR-USDT	4.3720	0.0100	pay 0.0100% / 8h	3h 29m	$474K	$3.9M	75x
Short	MEXC NEAR_USDT	4.3650	0.0100	get 0.0100% / 8h	3h 29m	$73.5M	$145.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.256%: $9.55
Slippage, 4 orders: −$31.58
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$34.03
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	10.36 bp	20.2 bp −$20	40.7 bp −$407	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.15 bp	1.2 bp −$1	3.7 bp −$37	24.6 bp −$2,459	75.8 bp −$37.9K

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	4.3624	−0.219%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3549	−0.392%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3548	−0.393%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.284%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3654	−0.151%	$2.4M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3630	−0.206%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3610	−0.252%	$267.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3557	−0.373%	$215.8M	$428.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3560	−0.366%	$61.9M	$293.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3412	−0.704%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3616	−0.238%	$32.3M	$61.2M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.3650	−0.160%	$73.5M	$145.2M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3670	−0.114%	$54.0M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3558	−0.371%	$71.6M	$129.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3570	−0.343%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	−0.189%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3632	−0.201%	$255K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3676	−0.102%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3600	−0.274%	$168K	$798K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3656	−0.146%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3587	−0.304%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	−0.114%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3720	long leg	$474K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3600	−0.274%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3505	−0.491%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3585	−0.309%	$203K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3710	−0.023%	$13.6M	$32.5M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3601	−0.271%	$409K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0265%	8h	4.3593	−0.290%	$785K	$23.3M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0200%	1h	4.3598	−0.279%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0330%	8h	4.3609	−0.253%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0391%	1h	4.3575	−0.332%	$8K	$49K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3655	−0.149%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0533%	1h	4.3630	−0.206%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0563%	1h	4.3620	−0.229%	$1.8M	$3.2M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3650	−0.160%	$214K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0642%	1h	4.3676	−0.101%	$358.2M	$317.7M	10x	as long as short
Extended NEAR-USD	+0.0656%	1h	4.3584	−0.310%	$3.8M	$20.0M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3589	−0.299%	$7.7M	$39.4M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3634	−0.197%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3543	−0.405%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0990%	1h	4.3596	−0.284%	$1.9M	$9.0M	25x	as long as short
Lighter NEAR	+0.1128%	1h	4.3638	−0.188%	$17.6M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3643	−0.175%	$688K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1550%	1h	4.3518	−0.462%	$5K	$12K	10x	as long as short