Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0310%/8h= +33.9% APRpaid last 24h +0.118%

Price spread now: Arcus against MEXC+0.329%7-day average +0.036% · 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+$10as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.314%+$31 on $10k

Price spread, last 7 days−0.371%−$37 · spread now +0.329%, 7d avg +0.036%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.293% dearer against MEXC than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.5650	0.0100	pay 0.0100% / 8h	5h 12m	$78.9M	$147.4M	200x
Short	Arcus NEAR-USD	4.5800	0.0410	get 0.0051% / 1h	12m 54s	$222K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.329%Rate

Funding earned: $65.03
Price spread: +0.329% → +0.036%: $29.28
Slippage, 4 orders: −$14.91
Fee MEXC: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $74.89
Costs to cover: 0.194%
Break-even: from the start

Slippage from MEXC: live order book, 1 min ago; Arcus: live order book, 1 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, 1 min ago	2.19 bp	3.3 bp −$3	5.0 bp −$50	54.9 bp −$5,489	98.7 bp −$49.4K
Sell Arcus live order book, 1 min ago	4.37 bp	6.6 bp −$7	17.2 bp −$172	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	4.5701	+0.112%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5669	+0.042%	$2.2M	$15.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5716	+0.144%	$113K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5681	+0.068%	$482K	$21.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5663	+0.027%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−9.288%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0080%	8h	4.5600	−0.110%	$3.9M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5740	+0.197%	$115K	$511K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5685	+0.078%	$435K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5683	+0.072%	$279.8M	$1.11B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.5670	+0.044%	$228.8M	$425.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5650	0.000%	$65.8M	$310.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	−0.402%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5623	−0.059%	$33.1M	$64.6M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.5650	long leg	$78.9M	$147.4M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.5640	−0.022%	$56.1M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5660	+0.022%	$75.2M	$129.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5640	−0.022%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5466	−0.403%	$8.8M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5651	+0.002%	$274K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5626	−0.054%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5600	−0.110%	$175K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5760	+0.241%	$212K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5658	+0.018%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5770	+0.263%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5625	−0.055%	$9K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5760	+0.241%	$474K	$4.1M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5698	+0.106%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5789	+0.305%	$213K	$40K	3x	as long as short
Extended NEAR-USD	+0.0112%	1h	4.5601	−0.108%	$4.3M	$19.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5670	+0.044%	$13.8M	$34.1M	75x	as long as short
Aster NEARUSDT	+0.0295%	8h	4.5680	+0.066%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0363% / S −0.0249%	1h	4.5662	+0.026%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0378%	1h	4.5720	+0.153%	$2.0M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5788	+0.302%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0407%	1h	4.5671	+0.046%	$2.0M	$4.5M	25x	as long as short
Arcus NEAR-USDshort	+0.0410%	1h	4.5800	+0.329%	$222K	$1.7M	10x
Backpack NEAR_USDC_PERP	+0.0597%	1h	4.5666	+0.035%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0675%	1h	4.5663	+0.029%	$8.5M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.5693	+0.094%	$1.6M	$7.1M	10x	as long as short
Hyperliquid NEAR	+0.0821%	1h	4.5745	+0.208%	$383.6M	$321.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5923	+0.598%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5794	+0.315%	$577K	$1.4M	10x	as long as short
Lighter NEAR	+0.1208%	1h	4.5702	+0.113%	$18.3M	$26.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1583%	1h	4.5505	−0.318%	$6K	$12K	10x	as long as short