Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.025%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

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

costs, in and out, $10k−$180.181% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.025%, 7d avg +0.008%

Together, before fees+0.032%+$3 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: Binance is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.1190	0.0100	pay 0.0100% / 8h	2h 09m	$80.0M	$144.7M	200x
Short	Binance NEARUSDT	4.1180	0.0100	get 0.0100% / 8h	2h 09m	$234.6M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.008%: −$3.28
Slippage, 4 orders: −$8.14
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.42
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Binance: live order book, 4 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, 9 min ago	1.21 bp	1.2 bp −$1	3.1 bp −$31	15.9 bp −$1,586	46.1 bp −$23.0K
Sell Binance live order book, 4 min ago	1.21 bp	6.9 bp −$7	10.6 bp −$106	23.9 bp −$2,390	94.5 bp −$47.3K

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	4.1083	−0.260%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1162	−0.068%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1189	−0.003%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1089	−0.245%	$395K	$18.4M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1116	−0.180%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1109	−0.196%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.534%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1100	−0.218%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1101	−0.216%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1186	−0.009%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1147	−0.104%	$2.9M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1188	−0.004%	$347K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.1180	−0.025%	$234.6M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1180	−0.024%	$209.5M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1200	+0.024%	$56.1M	$274.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.097%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1198	+0.019%	$29.3M	$58.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.1190	long leg	$80.0M	$144.7M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1180	−0.024%	$55.6M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1197	+0.017%	$68.5M	$126.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1190	0.000%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.185%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1291	+0.246%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1152	−0.093%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1280	+0.218%	$181K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1118	−0.175%	$203K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1170	−0.049%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1086	−0.252%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1090	−0.243%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1187	−0.008%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1085	−0.255%	$199K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1220	+0.073%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0151%	1h	4.1110	−0.194%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.1104	−0.209%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1100	−0.218%	$12.2M	$33.4M	75x	as long as short
Lighter RH NEAR	+0.0256%	1h	4.1198	+0.019%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1097	−0.226%	$271K	—	100x	as long as short
Nado NEAR-PERP	+0.0373%	1h	4.1083	−0.259%	$1.8M	$3.6M	10x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1217	+0.065%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1233	+0.104%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0740%	1h	4.1138	−0.126%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0760%	1h	4.1254	+0.155%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0872%	1h	4.1186	−0.010%	$345.7M	$298.8M	10x	as long as short
Aftermath Perps NEARUSD	+0.0937%	1h	4.1211	+0.050%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1073%	8h	4.1250	+0.146%	$443K	$3.7M	75x	as long as short