Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against MEXC−0.184%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.641%+$64 · spread now −0.184%, 7d avg +0.017%

Together, before fees+0.680%+$68 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: Aevo is 0.200% cheaper against MEXC than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.1340	0.0100	pay 0.0100% / 8h	2h 08m	$80.4M	$144.8M	200x
Short	Aevo NEAR-PERP	4.1264	0.0104	get 0.0013% / 1h	8m 44s	$200K	$61K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.184%Rate

Funding earned: $0.84
Price spread: −0.184% → +0.017%: −$20.04
Slippage, 4 orders: −$48.73
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$83.93
Costs to cover: 0.647%
Break-even: 706.4 days

Slippage from MEXC: live order book, 10 min ago; Aevo: live order book, 15 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 MEXC live order book, 10 min ago	1.21 bp	1.2 bp −$1	3.1 bp −$31	15.9 bp −$1,586	46.1 bp −$23.0K
Sell Aevo live order book, 15 min ago	19.39 bp	29.8 bp −$30	doesn't fit	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	4.1195	−0.352%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1221	−0.288%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1189	−0.366%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1130	−0.508%	$396K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1246	−0.228%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.169%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1190	−0.363%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1261	−0.191%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1186	−0.372%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1357	+0.040%	$2.9M	$5.8M	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	4.1188	−0.367%	$347K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1340	0.000%	$235.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1330	−0.024%	$210.4M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1350	+0.024%	$56.3M	$275.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.460%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1342	+0.005%	$29.4M	$58.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.1340	long leg	$80.4M	$144.8M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1360	+0.048%	$55.9M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1347	+0.017%	$68.7M	$127.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1340	0.000%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.547%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1110	−0.557%	$234K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1103	−0.574%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1130	−0.508%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1220	−0.290%	$199K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1240	−0.242%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1260	−0.194%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1310	−0.073%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1332	−0.020%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.1264	−0.184%	$200K	$61K	3x
Arcus NEAR-USD	+0.0118%	1h	4.1220	−0.290%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1294	−0.111%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.1210	−0.314%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0186%	1h	4.1302	−0.092%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1270	−0.169%	$12.3M	$33.6M	75x	as long as short
Lighter RH NEAR	+0.0256%	1h	4.1384	+0.106%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.1166	−0.420%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1233	−0.259%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1217	−0.298%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1233	−0.259%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0740%	1h	4.1365	+0.060%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0760%	1h	4.1400	+0.146%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0873%	1h	4.1407	+0.162%	$347.6M	$298.8M	10x	as long as short
Aftermath Perps NEARUSD	+0.0929%	1h	4.1231	−0.264%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1073%	8h	4.1330	−0.024%	$444K	$3.7M	75x	as long as short